Superior Energy Services Says Tender Offer for Senior Notes has Expired

Superior Energy Services, Inc. (NYSE: SPN) says that the cash tender offer for any and all of the outstanding 8 7/8% Senior Notes due 2011 (the "Notes") of SESI, L.L.C., its wholly-owned subsidiary (the "Company"), expired June 5, 2006 at 5:00 p.m., New York City time (the "Expiration Date"). As of the Expiration Date, the Company received validly tendered Notes from holders of approximately $195.3 million, or 97.6%, of the aggregate outstanding principal amount of Notes.

Bear, Stearns & Co. Inc. acted as the dealer manager and solicitation agent for the tender offer. The Bank of New York Trust Company, N.A. served as the depositary and D.F. King & Co., Inc. served as the information agent for the tender offer.

This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities. The tender offer and consent solicitation were made solely by way of the Offer to Purchase and Consent Solicitation Statement, which the Company has distributed to holders of the Notes.

Superior Energy Services, Inc. is a leading provider of specialized oilfield services and equipment focused on serving the production-related needs of oil and gas companies primarily in the Gulf of Mexico and the drilling-related needs of oil and gas companies in the Gulf of Mexico and select international market areas. The Company uses its production-related assets to enhance, maintain and extend production and, at the end of an offshore property's economic life, plug and decommission wells. Superior also owns and operates mature oil and gas properties in the Gulf of Mexico.


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