Superior Well Services Prices Follow-on Public Offering

Superior Well Services, Inc. on Thursday announced the pricing of its follow-on public offering of 4,600,000 shares of common stock at $25.50 per share. Net proceeds to Superior from the offering of 3,000,000 primary shares, after deducting underwriting discounts and commissions but before offering expenses, amounted to approximately $72.7 million, substantially all of which will be used to repay outstanding indebtedness and to purchase additional oilfield service equipment. Superior has granted the underwriters a 30-day option to purchase up to an additional 690,000 shares of common stock to cover over- allotments, if any.

In addition to the shares sold by Superior, selling stockholders sold an aggregate of 1,600,000 shares of common stock in the offering. The Company will not receive any proceeds from the sale of shares by the selling stockholders.

KeyBanc Capital Markets was the lead manager of the offering. A.G. Edwards, RBC Capital Markets, Simmons & Company International and Johnson Rice & Company L.L.C. acted as co-managers.

Superior Well Services, Inc. is an oilfield services company operating in many of the major oil and natural gas producing regions of the United States.


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