On January 26, 2024, W&T Offshore, Inc. entered into a Fourteenth Amendment to the Sixth Amended and Restated Credit Agreement (the Fourteenth Amendment) dated as of January 26, 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 (as heretofore amended, the Credit Agreement). The Fourteenth Amendment, which became effective as of January 26, 2024, amends the Sixth Amended and Restated Credit Agreement dated as of October 18, 2018 to extend the maturity date from January 31, 2024 to February 29, 2024. As of September 30, 2023, there were no borrowings outstanding under the Credit Agreement and no borrowings had been incurred under the Credit Agreement during the nine months ended September 30, 2023.

As of September 30, 2023 and December 31, 2022, the Company had $4.4 million outstanding in letters of credit which have been cash collateralized.