Superior Energy Services Completes Exchange Offer for Senior Notes

Superior Energy Services, Inc. (NYSE: SPN) says that as of 5:00 p.m., New York City time, on November 29, 2006, its offer to exchange $300.0 million principal amount of registered 6 7/8% Senior Notes due 2014 of SESI, L.L.C., its wholly-owned subsidiary (the "Company"), for any and all outstanding unregistered 6 7/8% Senior Notes due 2014 of the Company expired and that all of the unregistered notes were tendered in the exchange offer and have been accepted.

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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