On May 29, 2024, W&T Offshore, Inc. entered into an Eighteenth Amendment to the Sixth Amended and Restated Credit Agreement dated as of May 29, 2024, among the Company, certain of its guarantor subsidiaries, Alter Domus (US) LLC, as administrative agent, and certain of the Company?s lenders and other parties thereto. The Eighteenth Amendment, which became effective as of May 29, 2024, amends the Sixth Amended and Restated Credit Agreement dated as of October 18, 2018 to extend the maturity date from May 31, 2024 to June 30, 2024. As of March 31, 2024, there were no borrowings outstanding under the Credit Agreement and no borrowings had been incurred under the Credit Agreement during the three months ended March 31, 2024.

As of March 31, 2024 and December 31, 2023, the Company had $4.4 million outstanding in letters of credit which have been cash collateralized.