Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE W&T Offshore Announces First Quarter 2024 Results and Declares Dividend for Second Quarter of 2024 Quarterly Earnings Call Scheduled for Monday, May 13, 2024 HOUSTON, May 10, 2024 – W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter of 2024 and declared second quarter 2024 dividend of $0.01 per share. This press release includes non-GAAP financial measures, including Adjusted Net (Los ...