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		EXHIBIT  99.1
		1105 Peters Road  Harvey, Louisiana 70058 (504) 362-4321 Fax  (504) 362-4966 NYSE: SPN

(Harvey, La., Wednesday, February 23, 2005) Superior Energy Services, Inc. (NYSE: SPN) today announced results for the fourth quarter ended December 31, 2004. For the quarter, revenues were $157.8 million resulting in net income of $12.3 million or $0.16 diluted earnings per share, as compared to revenues of $120.3 million and net income of $5.9 million or $0.08 diluted earnings per share for the fourth quarter of 2003.

For the year ended December 31, 2004, revenues were a record $564.3 million and net income was $35.9 million or $0.47 diluted earnings per share, as compared to revenues of $500.6 million and net income of $30.5 million or $0.41 diluted earnings per share for the year ended December 31, 2003.

CEO Terry Hall commented, "The traditional fourth quarter seasonal slowdown in the shallow water Gulf of Mexico for our services was not as severe as in years past. Higher levels of remedial and production-related work resulted in better results for our well intervention group and marine segments. Weaker deepwater rentals of drill pipe due to ongoing project delays from Hurricane Ivan were more than offset by continued diversification of our rental tools segment domestically on land and internationally in the North Sea. Fourth quarter financial performance was impacted by significant production deferral from our oil and gas segment because of extended delays to third-party pipeline and infrastructure repairs due to damage from Hurricane Ivan.

"We believe the outlook for 2005 is favorable for several reasons. First, our geographic markets appear to be more active entering this year as compared to the start of 2004, which should bode well for our core businesses. Production-related activity in the shallow water Gulf of Mexico is improving and deepwater exploration projects are resuming following storm-related downtime. Second, we should continue to gain rental tool market share domestically on land and internationally in West Africa and the Middle East. Third, we continue to build a backlog of service and decommissioning work for our own properties which can be performed if activity levels slow. Finally, we should benefit from increased levels of oil and gas production when compared to 2004 production levels."

Fourth quarter revenues for the Well Intervention Group were $62.8 million, a 28% increase over the fourth quarter of 2003 and a 5% increase over the third quarter of 2004. Activity year-over-year was stronger in most of the segment's service lines, including coiled tubing, pumping and stimulation, plug and abandonment, mechanical wireline and well control services. Sequential improvement was driven mainly by mechanical wireline activity in the Gulf of Mexico and a large well control project in Egypt.

Revenues for the Rental Tools segment were $45.0 million, a 28% increase over the fourth quarter of 2003 and a 6% increase over the third quarter of 2004. Improved results as compared to the fourth quarter of 2003 were driven mainly by increased rentals of stabilizers and downhole tubulars, on-site accommodations, and drill pipe and ancillary tools.

Marine revenues were $20.5 million, an increase of 28% as compared to the fourth quarter of 2003 and a 13% increase as compared to the third quarter of 2004. Average fleet utilization was 76% as compared to 66% in the fourth quarter of 2003 and 69% in the third quarter of 2004. Average daily revenue in the fourth quarter was approximately $222,300, inclusive of subsistence revenue.

Revenues in this segment were $20.8 million, a 7% increase as compared to the fourth quarter of 2003 and a 2% increase as compared to the third quarter of 2004 primarily due to incremental demand for property management and contract operations.

Oil and gas revenues were $11.5 million as compared to $0.7 million in the fourth quarter of 2003 and $14.2 million in the third quarter of 2004. Fourth quarter production from SPN Resources was approximately 289,400 barrels of oil equivalent, net (boe) as compared to approximately 335,890 boe in the third quarter of 2004. Fourth quarter production was lower due to production deferral of approximately 260,500 boe as a result of downtime at South Pass 60 from Hurricane Ivan.

The Company will host a conference call at 10 a.m. Central Time on Thursday. The call can be accessed from Superior's website at www.superiorenergy.com, or by telephone at 800-763-5557. The replay telephone number is 800-642-1687 and the replay passcode is 4027344. The replay is available beginning two hours after the call and ending March 3, 2005.

Superior Energy Services, Inc. provides a broad range of specialized oilfield services and equipment primarily to major and independent oil and gas companies engaged in the exploration, production and development of oil and natural gas properties offshore in the Gulf of Mexico and throughout the Gulf Coast region. These services and equipment include the rental of liftboats, rental of specialized oilfield equipment, electric and mechanical wireline services, well plug and abandonment services, well control, hydraulic workover, coiled tubing services and engineering services. Additional services provided include contract operating and supplemental labor, offshore and dockside environmental cleaning services, the manufacture and sale of drilling instrumentation and the manufacture and sale of oil spill containment equipment.

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which involve known and unknown risks, uncertainties and other factors. Among the factors that could cause actual results to differ materially are: volatility of the oil and gas industry, including the level of exploration, production and development activity; risks associated with the Company's rapid growth; changes in competitive factors and other material factors that are described from time to time in the Company's filings with the Securities and Exchange Commission. Actual events, circumstances, effects and results may be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Consequently, the forward-looking statements contained herein should not be regarded as representations by Superior or any other person that the projected outcomes can or will be achieved.

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SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Operations

Three and Twelve Months Ended December 31, 2004 and 2003
(in thousands, except earnings per share amounts)
(unaudited, except as noted)

SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2004 AND 2003
(in thousands)