Superior Well Services Announces Equity Offering

Superior Well Services, Inc.

Superior Well Services, Inc. plans to commence an underwritten public offering of 4,600,000 shares of common stock. Of the 4,600,000 shares offered, Superior will offer 3,000,000 shares as newly issued shares of common stock and selling stockholders will offer 1,600,000 shares. Superior will not receive any proceeds from the sale of shares by the selling stockholders.

Superior has also granted the underwriters in the offering a 30-day option to purchase up to an additional 690,000 shares of common stock to cover over- allotments, if any.

Superior plans to use the net proceeds of the offering to repay indebtedness under its stand by term loan facility and revolving credit facility, fund its remaining capital expenditures for 2006 and fund a portion of its expected capital expenditures for 2007. These capital expenditures include the establishment of new service centers and the purchase of additional oilfield service equipment for Superior's new and existing service centers.

KeyBanc Capital Markets, a division of McDonald Investments Inc., is the sole book-running manager for the offering. In addition, A.G. Edwards & Sons, Inc., RBC Capital Markets Corporation, Simmons & Company International and Johnson Rice & Company L.L.C. will act as co-managers for the offering.

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