W&T Offshore (WTI) 8-K Regulation FD Disclosure

Exhibit 99.1

	Proposed Terms as of May 16, 2016
New Money	•       $75 million of new money 1.5 lien to be raised
New Exchange Loans and Notes	•       Up to $180 million of 2nd lien exchange loans pursuant to terms below •    Same terms as the existing 2nd lien except that the coupon will be PIK-toggle for the first three coupons (i.e. through November 2017) •    10.75% PIK / 9% Cash interest rate
Unsecured Notes	•       Exchange into new 2nd lien exchange loans at a ratio of 20 ($200 per $1,000 note) •       1.5 bond points in cash (up to $13.5 million) ($15 per $1,000 note) •       45% ownership of Company pro forma for the issuance, assuming 100% participation (69 shares per $1,000 note) •       Offered to 100% of unsecured noteholders