> l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~"؈ ~~8"܈ ~~ ؈ ~~8#܈ ~~9#܈ ~~3#܈ ~~7#܈ ~~4#܈ ~~9"܈ ~~7"܈ ~~83ffff̙̙3f3fff3f3f33333f33NO TITLE$5(Annual Report on Form 10K for9LMarine Services&XaHealth Safety and Environmental&]sWe are subject to the cyclical %We are subject to the cycl (1)&JA significant portion of our re&A significant portion of ou (1)&We are vulnerable to the potent&+The dangers inherent in our ope&5The dangers inherent in our (1);Patrick J ZuberPatrick J Zuber (1)6Patrick J Zuber (2)LPatrick J Zuber (3)aPatrick J Zuber (4)$'Market drivers and conditions&LongTerm Construction Accountin&LongTerm Construction Accou (1)&LongTerm Construction Accou (2)&4LongTerm Construction Accou (3)&LongTerm Construction Accou (4)&JLongTerm Construction Accou (5)&LongTerm Construction Accou (6)&LongTerm Construction Accou (7)&
LongTerm Construction Accou (8)&PLongTerm Construction Accou (9)&kLongTerm Construction Acco (10)&LongTerm Construction Acco (11)&LongTerm Construction Acco (12)&LongTerm Construction Acco (13)&hLongTerm Construction Acco (14)&:LongTerm Construction Acco (15)&[LongTerm Construction Acco (16)&tLongTerm Construction Acco (17)&LongTerm Construction Acco (18)&)LongTerm Construction Acco (19)&LongTerm Construction Acco (20)&TLongTerm Construction Acco (21)&ALongTerm Construction Acco (22)&YLongTerm Construction Acco (23)&LongTerm Construction Acco (24)&LongTerm Construction Acco (25)&KLongTerm Construction Acco (26)&LongTerm Construction Acco (27)&lLongTerm Construction Acco (28)&LongTerm Construction Acco (29)&K#LongTerm Construction Acco (30)&<LongTerm Construction Acco (31)&2XLongTerm Construction Acco (32)&kLongTerm Construction Acco (33)&LongTerm Construction Acco (34)&LongTerm Construction Acco (35)&LongTerm Construction Acco (36)&KLongTerm Construction Acco (37)&LongTerm Construction Acco (38)&;LongTerm Construction Acco (39)&nBLongTerm Construction Acco (40)&nLongTerm Construction Acco (41)&NLongTerm Construction Acco (42)&\LongTerm Construction Acco (43)&jLongTerm Construction Acco (44)&mLongTerm Construction Acco (45)&LongTerm Construction Acco (46)&Standardized Measure of Discoun&%Standardized Measure of Dis (1)&@Standardized Measure of Dis (2)&YStandardized Measure of Dis (3)&JtStandardized Measure of Dis (4)&Standardized Measure of Dis (5)&DStandardized Measure of Dis (6)&%Standardized Measure of Dis (7)& Standardized Measure of Dis (8)&3 NONQUALIFIED DEFERRED COMPENSAT&/Z NONQUALIFIED DEFERRED COMPE (1)& PERFORMANCE SHARE UNIT AWARD AG& PERFORMANCE SHARE UNIT AWAR (1)&' PERFORMANCE SHARE UNIT AWAR (2)o TIME OF EXERCISE INCONSISTENT PROVISIONS# AWARD OF SHARES$ ENTIRE AGREEMENT MODIFICATION
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NO TITLE (8)
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??\Annual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009NO TITLE Delaware
7523793885
(State or other jurisdiction of incorporation
,
$(I.R.S. Employer Identification No.)or organization)
601 Poydras, Suite 2400
New Orleans, LA~
G1)( Address of principal executive offices)
(Zip Code)&Registrant?s telephone number:(504) 5877374$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2QznJ_$t$=PF0*8X>
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009&Annual Report on Form 10K for Page
PART I
Item 1. Business~
Item 1A. Risk Factors
~
*"Item 1B. Unresolved Staff Comments~
6Item 2. Properties~
6!Item 3. Legal Proceedings~
62*Item 4. Submission of Matters to a Vote of~
6Security Holders1)Item 4A. Executive Officers of Registrant~
:PART II.&Item 5. Market for Registrant?s Common~
>,$Equity, Related Stockholder Matters,1)and Issuer Purchases of Equity Securities'Item 6. Selected Financial Data~
J4,Item 7. Management?s Discussion and Analysis~
N80of Financial Condition and Results of Operations%Item 7A. Quantitative and Qualitative~
z%Disclosures about Market Risk6.Item 8. Financial Statements and Supplementary~
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lpdXjiZ>XSP !"#$%&'()*+,./0123456789:;<=>? Data1!)Item 9. Changes in and Disagreements with!!~
!!/"'Accountants on Accounting and Financial#
Disclosure($ Item 9A. Controls and Procedures$$~
$$"%Item 9B. Other Information%%~
%%&&&&&'PART III''''(((((.)&Item 10. Directors, Executive Officers))~
)) *and Corporate Governance'+Item 11. Executive Compensation++~
++.,&Item 12. Security Ownership of Certain,,~
,,4,Beneficial Owners and Management and Related.Stockholder Matters2/*Item 13. Certain Relationships and Related//~
///0'Transactions, and Director Independence.1&Item 14. Principal Accounting Fees and11~
112Services333334PART IV444455555.6&Item 15. Exhibits, Financial Statement66~
6"67 Schedules8 EX10.129 EX10.21: EX10.22; EX10.23< EX10.26= EX10.27>
EX21.1?
EX23.1DO lV@N
jFM./`t]@ABCDEFGHI@
EX23.2A
EX31.1B
EX31.2C
EX32.1D
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NO TITLEAnnual Report on Form 10K for!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009Marine Services ?&changes in competitive prices;
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NO TITLEAnnual Report on Form 10K forMarine Services!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/20092*Health, Safety and Environmental Assurance ?4,federal and state laws and other regulations  %relating to the oil and gas industry;
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009JBWe are subject to the cyclical nature of the oil and gas industry. ?6.the level of worldwide oil and gas exploration and production;
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?/'demand for energy, which is affected by2*worldwide economic activity and populationgrowth; ?4,the ability of the Organization of Petroleum0(Exporting Countries, or OPEC, to set and+#maintain production levels for oil; ?7/the discovery rate of new oil and gas reserves; ?;3political and economic uncertainty, sociopolitical7/unrest and regional instability or hostilities;and ?/'technological advances affecting energy0(exploration, production and consumption.DlXL@41,4uisg !"$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical !A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009JBWe are subject to the cyclical nature of the oil and gas industry. ?&changes in competitive prices;
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009kcA significant portion of our revenue is derived from our nonUnited States operations, which expose ?,$potential seizure or nationalization
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tax policies; ?currency fluctuations; ?2*restrictions on the repatriation of funds;and ?2*other forms of government regulation whichare beyond our control.D
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009kcA significant portion of our revenue is derived from our nonUnited States operations, which expose ?7/the awarding of contracts to local contractors;
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009WOWe are vulnerable to the potential difficulties associated with rapid expansion ?5lack of sufficient executivelevel personnel;
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009kcThe dangers inherent in our operations and the limits on insurance coverage could expose us to pote ?fires;
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our opePatrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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%All significant intercompany accounts91and transactions are eliminated in consolidation.0(Certain previously reported amounts have0(been reclassified to conform to the 2008
presentation.(b)Business80The Company is a leading provider of specialized0(oilfield services and equipment focusing%on serving the productionrelated and80drillingrelated needs of oil and gas companies.2*The Company provides most of the services,2*tools and liftboats necessary to maintain,.&enhance and extend producing wells, as0(well as plug and abandonment services at$the end of their life cycle.7/The Company provides various productionrelatedD0
lNB6**wf)vi_ !"#$%&'()*+,./0123456789:;<=>? / 'and decommissioning services to the oil!!!5!and gas properties owned by its equitymethod"""!"investments (see note 4).#$$(c)$$Use of Estimates%&&&/&'The preparation of financial statements'''0'(in conformity with accounting principles(((/('generally accepted in the United States))).)&of America requires management to make****%significant estimates and assumptions+++2+*that affect the reported amounts of assets,,,4,,and liabilities and disclosure of contingent1)assets and liabilities at the date of the....%financial statements and the reported/////'amounts of revenues and expenses during000,0$the reporting period. Actual results111*1"could differ from those estimates.233(d)333+Major Customers and Concentration of Credit4444Risk5666.6&The majority of the Company?s business777/7'is conducted with major and independent888.8&oil and gas exploration companies. The99909(Company evaluates the financial strength:::0:(of its customers and provides allowances;;;.;&for probable credit losses when deemed<<<1<)necessary but does not require collateral===,=$to support the customer receivables.>???1?)The market for the Company?s services andDlLQLA<,?96@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]@@@0@(products is the offshore and onshore oilAAA1A)and gas industry in the United States andBBB.B&select international market areas. OilCCC3C+and gas companies make capital expendituresDDD/D'on exploration, drilling and productionEEE3E+operations. The level of these expendituresFFF.F&historically has been characterized byGGGGsignificant volatility.HIII5IThe Company derives a large amount of revenueJJJ4J,from a small number of major and independentKKK/K'oil and gas companies. In 2008, ChevronLLL5LCorporation, BP p.l.c. and Apache CorporationMMM/M'each accounted for approximately 11% ofNNN/N'total revenue, primarily related to ourOOO.O&well intervention segment. In 2007 andPPP/P'2006, Shell accounted for approximatelyQQQ4Q,11% and 12%, respectively, of total revenue,RRR0R(primarily related to our oil and gas andSSS6S.rental tools segments. The Company?s inabilityTTT4T,to continue to perform services for a numberUUU2U*of large existing customers, if not offsetVVV4V,by sales to new or existing customers, couldWWW7W/have a material adverse effect on the Company?sXXX)X!business and financial condition.YZ$[____________________________1\)Created by Morningstar Document Research.0](http://documentresearch.morningstar.com/@ZDOGOC3({i
Wg=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
NO TITLE (10)U }$ }}$ }:
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.(e)Cash Equivalents
8
0The Company considers all shortterm investments5with a maturity of 90 days or less to be cashequivalents.
(f)*"Accounts Receivable and Allowances.&Trade accounts receivable are recorded80at the invoiced amount and do not bear interest.6.The Company maintains allowances for estimated+#uncollectible receivables including0(bad debts and other items. The allowance7/for doubtful accounts is based on the Company?s/'best estimate of probable uncollectible0(amounts in existing accounts receivable.2*The Company determines the allowance based.&on historical writeoff experience and specific identification.(g)Other Current Assets2*Other current assets include approximately5$168.3 million of cost incurred and estimatedD lNB6*{uaWN]Q !"#$%&'()*+,./0123456789:;<=>? 5 earnings in excess of billings on uncompleted!!!3!+contracts at December 31, 2008. The Company"""4",had no cost and estimated earnings in excess###5#of billings at December 31, 2007. The company$$$,$$follows the percentageofcompletion%%%6%.method of accounting for applicable contracts.&&&0&(Accordingly, income is recognized in the'''4',ratio that costs incurred bears to estimated(((2(*total costs. Adjustments to cost estimates)))2)*are made periodically, and losses expected***/*'to be incurred on contracts in progress+++/+'are charged to operations in the period,,,#,such losses are determined....2.*Additionally, other current assets include///5/approximately $46.4 million and $26.9 million00050of raw materials and supplies at December 31,11121*2008 and 2007, respectively. Raw materials22242,and supplies consist principally of products33333+which are consumed in our services provided444.4&to customers, spare parts and supplies55575/for equipment used in providing these services,66656and raw materials used for finished products.77717)These supplies are stated at the lower of88818)cost or market. Cost primarily represents99909(invoiced costs. Cost is determined on an:::6:.average cost basis for all other raw materials;;;;
and supplies.<==(h)=%=Property, Plant and Equipment>???0?(Property, plant and equipment are statedDlH;)up\K9/8@ABCDEFGHIJKL@@@1@)at cost, except for assets acquired usingAAA/A'purchase accounting, which are recordedBBB4B,at fair value as of the date of acquisition.CCC6C.With the exception of the Company?s liftboats,DDD.D&derrick barges and oil and gas assets,EEE8E0depreciation is computed using the straightlineFFF.F&method over the estimated useful livesGGG)G!of the related assets as follows:HI$J____________________________1K)Created by Morningstar Document Research.0L(http://documentresearch.morningstar.com/tP@9!=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
NO TITLE (10)U }2}$ }m}$
$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition." Buildings and improvements
5 to 40 years$
Marine vessels and equipment
5 to 25 years
Machinery and equipment
5 to 20 years2*Automobiles, trucks, tractors and trailers
2 to 10 years
Furniture and fixtures
3 to 10 years
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*hNB6*>k=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
NO TITLE (10)U }$ }}$ }I;
$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.2*Longlived assets and certain identifiable / 'intangibles are reviewed for impairment
3
+whenever events or changes in circumstances/'indicate that the carrying amount of an4,asset may not be recoverable. Recoverability
1
)of assets to be held and used is assessed1)by a comparison of the carrying amount of2*an asset to future net cash flows expected5to be generated by the assets. If such assets5are considered to be impaired, the impairment2*to be recognized is measured by the amount2*by which the carrying amount of the assets2*exceeds the fair value. Assets are grouped4,by subsidiary or division for the impairment0(testing, except for liftboats, which are7/grouped together by leg length. These groupings2*represent the lowest level of identifiable.&cash flows. The Company has longlived/'assets, such as facilities, utilized by0(multiple operating divisions that do not0(have identifiable cash flows. Impairment.&testing for these longlived assets is0(based on the consolidated entity. Assets3+to be disposed of are reported at the lowerDlNB6*yk_K;*}%w !"#$%&'()*+,./0123456789:;<=>? 1 )of the carrying amount or fair value less!!!!costs to sell."###3#+Prior to the sale of 75% of its interest in$$$/$'SPN Resources, the Company acquired oil%%%.%&and natural gas properties and assumed&&&0&(the related decommissioning liabilities.'''3'+The Company followed the successful efforts(((/('method of accounting for its investment)))0)(in oil and natural gas properties. Under***0*(the successful efforts method, the costs+++2+*of successful exploratory wells and leases,,,8,0containing productive reserves were capitalized.7/Costs incurred to drill and equip developmental...1.)wells, including unsuccessful development///0/(wells were also capitalized. Other costs00000(such as geological and geophysical costs111.1&and the drilling costs of unsuccessful22272/exploratory wells were expensed. SPN Resources?333/3'property purchases were recorded at the44414)value exchanged at closing, combined with555.5&an estimate of its proportionate share66606(of the decommissioning liability assumed777.7&in the purchase. All capitalized costs88808(were accumulated and recorded separately99919)for each field and allocated to leasehold:::2:*costs and well costs. Leasehold costs were;;;/;'depleted on a unitsofproduction basis<<<3<+based on the estimated remaining equivalent===2=*proved oil and gas reserves of each field.>>>9>1Well costs were depleted on a unitsofproduction???.?&basis based on the estimated remainingD>
li]UKA)y#mf_S@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@@/@'equivalent proved developed oil and gasAAAAreserves of each field.BCCC0C(Oil and gas properties were assessed forDDD/D'impairment in value on a fieldbyfieldEEE,E$basis whenever impairment indicatorsFFF5Fbecame evident. The Company used its estimateGGG1G)of future revenues and operating expensesHHH5Hto test the capitalized costs for impairment.III0I(In the event net undiscounted cash flowsJJJ8J0were less than the carrying value, an impairmentKKK4K,loss was recorded based on the present valueLLL2L*of expected future net cash flows over theMMM'Meconomic lives of the reserves.NOO(i)OOGoodwillPQQQ3Q+The Company accounts for goodwill and otherRRR6R.intangible assets in accordance with StatementSSS1S)of Financial Accounting Standards No. 142TTT5T(FAS No. 142), ?Goodwill and Other IntangibleUUU3U+Assets.? FAS No. 142 requires that goodwillVVV/V'as well as other intangible assets withWWW0W(indefinite lives no longer be amortized,XXX3X+but instead tested annually for impairment.YYY4Y,To test for impairment at December 31, 2008,ZZZ2Z*the Company identifies its reporting units[[[0[((which are consistent with the Company?s\\\.\&operating segments) and determines the]]]0](carrying value of each reporting unit by^^^^%assigning the assets and liabilities,___1_)including goodwill and intangible assets,DlbVS@,w<0wf\N`abcdefghijklmnopqrstuvwxyz{}~```0`(to the reporting units. The Company thenaaa2a*estimates the fair value of each reportingbbb4b,unit and compares it to the reporting unit?sccc/c'carrying value. Based on this test, theddd3d+fair values of the reporting units exceededeee0e(the carrying amounts. No impairment lossfff6f.was recognized in the years ended December 31,ggg6g.2008, 2007 or 2006 under this method. Goodwillhhh/h'increased by approximately $3.7 millioniii9i1and $38.6 million in 2008 and 2007, respectively,jjj9j1as a result of the Company?s business acquisitionkkk5kand disposition activities. In 2008, goodwilllll/l'also increased $1.4 million as a resultmmm.m&of additional consideration paid for annn1n)prior acquisition. Additionally, goodwillooo8o0decreased in 2008 by approximately $11.8 millionppp4p,as the result of changes in foreign currencyqqq3q+exchange rates. Goodwill has been allocatedrrr/r'to the Company?s reportable segments assss8s0follows: $332.1 million to the well interventionttt3t+segment; $134.6 million to the rental toolsuuu0u(segment; and $11.2 million to the marinevvvvsegment.wxxx1x)If among other factors, (1) the Company?syyy2y*equity value remains depressed or declineszzz4z,further, (2) the fair value of the reporting{{{1{)units decline, or (3) the adverse impacts.&of economic or competitive factors are}}}1})worse than anticipated, the Company could~~~2~*conclude in future periods that impairment2*losses are required in order to reduce theD`
lN@,t_ PB/8/'carrying value of its goodwill, and, to+#a lesser extent, longlived assets.(j)Notes Receivable3+Prior to the sale of 75% of its interest in1)SPN Resources, the Company recorded notes,$receivable consisting of commitments2*from the sellers of oil and gas properties/'towards the abandonment of the acquired%properties. Pursuant to the agreement.&with the sellers, the Company invoicedthe sellers agreed$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(TVJGBUI==PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.1)upon amounts at the completion of certain 5 decommissioning activities. These receivables
/
'were recorded at present value, and the4,related discounts were amortized to interest/'income, based on the expected timing of
.
&the related decommissioning activities
(see note 4).(k)%Intangible and Other LongTerm Assets%Intangible and other longterm assets0(consist of the following at December 31,%2008 and 2007 (amounts in thousands):$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:NB6*tjC75)=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.
December 31, 2008
December 31, 2007
Gross
Accumulated
Net
Gross
Accumulated
Net
AmountAmortization
Balance
AmountAmortizationBalanceCustomer relationships~
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~
~
F~
B~
2
Tradenames
~
~
~
~
Z
~
~
Z
Noncompete agreements~
~
F
~
~
~~
~
ZDebt acquisition costs~
6~
~
~
6~
2~
)!Deferred compensation plan assets~
p ?
~
p
~
v ?~
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* ~
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.+#Customer relationships, tradenames, 0 (and noncompete agreements are amortized
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'using the straightline method over the/'life of the related asset with weighted3+average useful lives of 15 years, 18 years,
3
+and 3 years, respectively. Debt acquisition/'costs are amortized primarily using the/'effective interest method over the life6.of the related debt agreements with a weighted4,average useful life of 7 years. Amortization0(of debt acquisition costs is recorded in.&interest expense. Amortization expense%(exclusive of debt acquisition costs)5was approximately $9.1 million, $7.8 million,91and $0.6 million for the years ended December 31,4,2008, 2007 and 2006, respectively. Estimated0(annual amortization of intangible assets%(exclusive of debt acquisition costs).&will be approximately $8.5 million for2*each of the next five years, excluding the3+effects of any acquisitions or dispositions( subsequent to December 31, 2008.(l)!Decommissioning LiabilityDJlNB6*(vm[S>9 !"#$%&'()*+,./0123456 !!!3!+Prior to the sale of 75% of its interest in"""5"SPN Resources, the Company recorded estimated###2#*future decommissioning liabilities related$$$/$'to its oil and gas producing properties%%%/%'pursuant to the provisions of Statement&&&1&)of Financial Accounting Standards No. 143'''7'/(FAS No. 143), ?Accounting for Asset Retirement(((3(+Obligations.? FAS No. 143 requires entities)))2)*to record the fair value of a liability at***7*/estimated present value for an asset retirement+++0+(obligation (decommissioning liabilities),,,2,*in the period in which it is incurred with0(a corresponding increase in the carrying.../.'amount of the related longlived asset.///./&Subsequent to initial measurement, the000.0&decommissioning liability was required11141,to be accreted each period to present value.23$4____________________________15)Created by Morningstar Document Research.06(http://documentresearch.morningstar.com/2v<4!h^[=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition. Year Ended December 31,
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.(m)Revenue Recognition
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&Revenue is recognized when services or5equipment are provided. The Company contracts7/for marine, well intervention and environmental
0
(projects either on a day rate or turnkey80basis, with a majority of its projects conducted1)on a day rate basis. The Company?s rental1)tools are rented on a day rate basis, and80revenue from the sale of equipment is recognized5when the equipment is shipped. Reimbursements3+from customers for the cost of rental tools80that are damaged or lost downhole are reflected3+as revenue at the time of the incident. The5Company accounted for the revenue and related4,costs on its contract to construct a derrick?7barge for a third party on the percentageofcompletion.&method utilizing engineering estimates/'and construction progress (see note 7)./'Additionally, the Company is accounting:2for the revenue and related costs on a largescale,$platform decommissioning contract on+#the percentageofcompletion method0(utilizing costs incurred as a percentageDlNB6*%n\D,ie !"#$%&'()*+,./0123456789:;<=>? 4 ,of total estimated costs (see note 7). Prior!!!1!)to the sale of 75% of its interest in SPN""""%Resources, the Company recognized oil###7#/and gas revenue from its interests in producing$$$2$*wells as oil and natural gas was sold from%%%%those wells.&''(n)'&'Taxes Collected from Customers())).)&Pursuant to Emerging Issues Task Force***1*)Issue No. 063, ?How Taxes Collected from+++.+&Customers and Remitted to Governmental,,,.,&Authorities Should Be Presented in the.&Income Statement,? the Company elected...5.to net taxes collected from customers against///0/(those remitted to government authorities000.0&in the financial statements consistent11101(with the historical presentation of this2222information.344(o)44Income Taxes566606(The Company provides for income taxes in777.7&accordance with Statement of Financial88838+Accounting Standards No. 109 (FAS No. 109),99929*?Accounting for Income Taxes.? FAS No. 109:::0:(requires an asset and liability approach;;;.;&for financial accounting and reporting<<</<'for income taxes. Deferred income taxes===3=+reflect the impact of temporary differences>>>1>)between amounts of assets and liabilities???1?)for financial reporting purposes and suchDlK=B=2H
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.4,In connection with the Company?s outstanding . &senior exchangeable notes, there could
2
*be a dilutive effect on earnings per share2*if the price of the Company?s common stock4,exceeds the initial exchange price of $45.58
1
)per share for a specified period of time./'In the event the Company?s common stock0(exceeds $45.58 per share for a specified1)period of time, the first $1.00 the price4,exceeds $45.58 would cause a dilutive effect/'of approximately 188,400 shares. As the3+share price continues to increase, dilution2*would continue to occur but at a declining7/rate. The impact on the calculation of earnings1)per share varies depending on when during1)the quarter the $45.58 per share price isreached (see note 8).(q)Financial Instruments1)The fair value of the Company?s financial1)instruments of cash equivalents, accounts%receivable, equitymethod investments0(and current maturities of longterm debtD
lNB6*xh`T@I=7 !"#$%&'()*+,./0123456789:;<=>? , $approximates their carrying amounts.!!!1!)The fair value of the Company?s longterm"""/"'debt is approximately $515.5 million at####December 31, 2008.$%%(r)%%Foreign Currency&'''6'.Results of operations for foreign subsidiaries((((%with functional currencies other than)))4),the U.S. dollar are translated using average***0*(exchange rates during the period. Assets+++5+and liabilities of these foreign subsidiaries,,,/,'are translated using the exchange rates1)in effect at the balance sheet dates, and....%the resulting translation adjustments///7//are reported as accumulated other comprehensive0000%income in the Company?s stockholders?1111equity.233363.For nonU.S. subsidiaries where the functional444.4¤cy is the U.S. dollar, financial55535+statements are remeasured into U.S. dollars666.6&using the historical exchange rate for77747,most of the longterm assets and liabilities88818)and the balance sheet dates exchange rate99979/for most of the current assets and liabilities.:::1:)An average exchange rate is used for each;;;/;'period for revenues and expenses. These<<<0<(transaction gains and losses, as well as===2=*any other transactions in a currency other>>>2>*than the functional currency, are included???.?&in general and administrative expensesDllSk_PD7A:&v@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@@4@,in the consolidated statements of operationsAAA4A,in the period in which the currency exchangeBBB8B0rates change. The Company recorded approximatelyCCC6C.$(4.3) million, $0.5 million, and $0.8 millionDDD.D&of these transaction (gains) losses inEEE.E&general and administrative expenses inFFF/F'the years ended December 31, 2008, 2007GGGGand 2006, respectively.HII(s)I IStockBased CompensationJKKK.K&Effective January 1, 2006, the CompanyLLL1L)adopted Statement of Financial AccountingMMM.M&Standards No. 123(R) (FAS No. 123(R)),NNN1N)?ShareBased Payment (as amended),? whichOOO1O)requires that compensation costs relatingPPP.P&to share based payment transactions beQQQ/Q'recognized in the financial statements.RRR5RThe cost is measured at the grant date, basedSSS2S*on the calculated fair value of the award,TTT0T(and is recognized as an expense over theUUU6U.employee?s requisite service period (generallyVVV0V(the vesting period of the equity award).WXX(t)XXHedging ActivitiesYZZZ5ZThe Company entered into hedging transactions[[[2[*in 2004 that expired on August 31, 2006 to\\\1\)secure a commodity price for a portion of]]]5]its oil production and to reduce its exposure^^^.^&to oil price fluctuations. The Company___3_+does not enter into derivative transactionsDGlH4@4.&yjcWG`abcdefghijklmnopqrstuvwxyz{}```.`&for trading purposes. The Company usedaaa/a'financiallysettled crude oil swaps andbbbb%zerocost collars that provided floorccc.c&and ceiling prices with varying upsideddd0d(price participation. The Company?s swapseeee%and zerocost collars were designatedfff2f*and accounted for as cash flow hedges. Forggg1g)the year ended December 31, 2006, hedginghhh/h'settlement payments reduced oil and gasiii/i'revenue by approximately $13.8 million.jjj6j.The Company did not record any gains or losseskkk5kdue to hedge ineffectiveness for this period.lmmm5mDuring 2008, the Company entered into forwardnnn/n'foreign exchange contracts to hedge theooo0o(impact of foreign currency fluctuations.ppp.p&The forward foreign exchange contractsqqq.q&generally have maturities ranging fromrrr0r(one to eighteen months. The Company doessss/s'not enter into forward foreign exchangettt7t/contracts for trading purposes. At December 31,uuu.u&2008, the Company had foreign currencyvvv.v&forward contracts outstanding in orderwww2w*to hedge exposure to currency fluctuationsxxx.x&between the British Pound Sterling andyz${____________________________1)Created by Morningstar Document Research.0}(http://documentresearch.morningstar.com/@PDSPH
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.4,the Euro. These contracts are not designated 0 (as hedges, for hedge accounting, and are
0
(marked to fair market value each period.6.Based on the exchange rates as of December 31,0(2008, the Company recorded an immaterial
.
&gain to adjust these forward contracts6.to their fair market value. The counterparties4,to the forward contracts are major financial:2institutions. In the event that the counterparties7/fail to meet the terms of the forward contract,0(the Company?s exposure is limited to the+#foreign currency rate differential.(u))!Other Comprehensive Income (Loss)1)The following table reconciles the change1)in accumulated other comprehensive income/'(loss) for the years ended December 31,%2008 and 2007 (amounts in thousands):$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition. Year Ended December 31,
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02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.
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02/27/2009TLLongTerm Construction Accounting for Revenue and Profit (Loss) Recognition.
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02/27/2009UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves.&The following financial statements are 1 )included in Part II of this Annual Report
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02/27/2009UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
@
0
(Indenture, dated May 22, 2006, among the%Company, SESI, L.L.C., the guarantors3+identified therein and The Bank of New York
5
Trust Company, N.A., as trustee (incorporated1)herein by reference to Exhibit 4.2 to the/'Company?s Form 8K filed May 23, 2006),%as amended by Supplemental Indenture,5dated December 12, 2006, by and among Warrior2*Energy Services Corporation, SESI, L.L.C.,/'the other Guarantors (as defined in the.&Indenture referred to therein) and The0(Bank of New York Trust Company, N.A., as1)trustee (incorporated herein by reference1)to Exhibit 4.1 to the Company?s 8K filed2*December 13, 2006 for the period beginning.&December 12, 2006), as further amended6.by Supplemental Indenture, dated September 13,1)2007 but effective as of August 29, 2007,4,by and among AOS, SESI, the other Guarantors0((as defined in the Indenture referred to.&therein) and the Trustee (incorporated1)herein by reference to Exhibit 4.1 to theDU
lMA5)y0C^{/G^ !"#$%&'()*+,./0123456789:;<=>?  %Company?s Form 8K filed on September!!!
18, 2007)."""#333333@#.#&Indenture, dated December 12, 2006, by$$0$(and among the Company, SESI, L.L.C., the%%0%(guarantors named therein and The Bank of&&0&(New York Trust Company, N.A., as trustee''4',(incorporated herein by reference to Exhibit((8(04.1 to the Company?s Form 8K filed December 13,))1))2006 for the period beginning December 7,**4*,2006), as amended by Supplemental Indenture,++5+dated December 12, 2006, by and among Warrior,,2,*Energy Services Corporation, SESI, L.L.C.,/'the other Guarantors (as defined in the....&Indenture referred to therein) and The//0/(Bank of New York Trust Company, N.A., as0010)trustee (incorporated herein by reference1101(to Exhibit 4.2 to the Company?s Form 8K22.2&filed December 13, 2006 for the period3303(beginning December 12, 2006), as further4404(amended by Supplemental Indenture, dated55951September 13, 2007 but effective as of August 29,66:622007, by and among AOS, SESI, the other Guarantors7707((as defined in the Indenture referred to88.8&therein) and the Trustee (incorporated9919)herein by reference to Exhibit 4.2 to the:::%Company?s Form 8K filed on September;;;
18, 2007).<<<
=10.1^=6=.Amended and Restated Superior Energy Services,>>4>,Inc. 1995 Stock Incentive Plan (incorporated??/?'herein by reference to Exhibit A to theDle}1@Qp#AJgu@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@,@$Company?s Definitive Proxy StatementAAAdated June 25, 1997).BBBCffffff$@C3C+First Amended and Restated Credit AgreementDD0D(dated July 1, 2007 among Superior EnergyEE.E&Services, Inc., SESI, L.L.C., JPMorganFF6F.Chase Bank, N.A. and the lenders party theretoGG9G1(incorporated herein by reference to Exhibit 10.1HH2H*to the Company?s Form 8K filed on July 6,II~
I^JJJK$@K2K*Wreck Removal Contract, dated December 31,LL3L+2007, by and among Wild Well Control, Inc.,MM.M&BP America Production Company, ChevronNN2N*U.S.A. Inc. and GOM Shelf LLC (The CompanyOO/O'agrees to furnish supplementally a copyPP8P0of any omitted exhibits to the SEC upon request)QQ9Q1(incorporated herein by reference to Exhibit 10.1RR5Rto the Company?s Form 8K filed on January 4,SS~
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U10.4^UU%Employment Agreement between SuperiorVV3V+Energy Services, Inc. and Patrick J. Zuber,WW2W*dated January 1, 2008 (incorporated hereinXX5Xby reference to Exhibit 10.1 to the Company?sYY+Y#Form 8K filed on January 7, 2008).ZZZ
[10.5^[0[(Form of Employment Agreement for Kenneth\\7\/L. Blanchard and Robert S. Taylor (incorporated]]2]*herein by reference to Exhibit 10.1 to the^^2^*Company?s Form 8K filed on June 6, 2007)._Dl[p{U1DWg+o`abc`$a____________________________1b)Created by Morningstar Document Research.0c(http://documentresearch.morningstar.com/<=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
10.6^
4
,Superior Energy Services, Inc. 2007 Employee0(Stock Purchase Plan (incorporated herein5by reference to Exhibit 10.1 to the Company?s
(
Form 8K filed on May 24, 2007).
10.7^%Form of Employment Agreement executed2*by Superior Energy Services, Inc. and each0(of Alan P. Bernard, Lynton G. Cook, III,:2James A. Holleman and Danny R. Young (incorporated2*herein by reference to Exhibit 10.2 to the2*Company?s Form 8K filed on June 6, 2007).
10.8^%Employment Agreement between Superior0(Energy Services, Inc. and Charles Hardy,2*dated January 1, 2008 (incorporated herein5by reference to Exhibit 10.2 to the Company?s+#Form 8K filed on January 7, 2008).
10.9^1)Superior Energy Services, Inc. 1999 Stock.&Incentive Plan (incorporated herein by0(reference to the Company?s Annual Report4,on Form 10K for the year ended December 31,D lMA5)v*q#3s%:}3 !"#$%&'()*+,./0123456789:;<=>? 0 (1999), as amended by Second Amendment to!!1!)Superior Energy Services, Inc. 1999 Stock""3"+Incentive Plan, effective as of December 7,##.#&2004 (incorporated herein by reference$$1$)to Exhibit 10.2 to the Company?s Form 8K%%$%filed on December 20, 2004).&&&'10.10^'0'(Employment Agreement between the Company((0((and Terence E. Hall (incorporated herein))3)+by reference to the Company?s Annual Report**4*,on Form 10K for the year ended December 31,++3++1999), as amended by Letter Agreement dated,,1,)November 12, 2004 between the Company and/'Terence E. Hall (incorporated herein by..2.*reference to Exhibit 10.1 to the Company?s//0/(Form 8K filed on November 15, 2004), as0010)amended by Amendment No. 2 to Amended and11.1&Restated Employment Agreement dated as2212)of December 29, 2008, between the Company3303(and Terence E. Hall (incorporated herein4424*by reference to Item 10.1 to the Company?s55(5 Form 8K filed January 2, 2009).666710.11^767.Amended and Restated Superior Energy Services,8848,Inc. 2002 Stock Incentive Plan (incorporated9939+herein by reference to the Company?s Annual::;:3Report on Form 10K for the year ended December 31,;;/;'2003), as amended by First Amendment to<<1<)Superior Energy Services, Inc. 2002 Stock==3=+Incentive Plan, effective as of December 7,>>.>&2004 (incorporated herein by reference??1?)to Exhibit 10.1 to the Company?s Form 8KDlgA0D_{/y!+D@ABCDEFGHIJKLMNOPQRSTUVWXYZ@@$@filed on December 20, 2004).AAAB10.12*^B3B+Superior Energy Services, Inc. NonqualifiedCC#CDeferred Compensation Plan.DDDE10.13^E1E)Superior Energy Services, Inc. 2005 StockFF.F&Incentive Plan (incorporated herein byGG0G(reference to Appendix A to the Company?sHH2H*Definitive Proxy Statement dated April 18,II~
IVJJJK10.14^K6K.Amended and Restated Superior Energy Services,LL2L*Inc. 2004 Directors Restricted Stock UnitsMM.M&Plan (incorporated herein by referenceNN1N)to Appendix B to the Company?s DefinitiveOO.O&Proxy Statement dated April 20, 2006).PPPQL$@Q2Q*Purchase and Sale Agreement, dated May 15,RR/R'2006, by and between Noble Energy, Inc.SS.S&and Coldren Resources LP (incorporatedTT2T*herein by reference to Exhibit 10.1 to theUU/U'Company?s Form 8K filed May 17, 2006).VW$X____________________________1Y)Created by Morningstar Document Research.0Z(http://documentresearch.morningstar.com/:FFb
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
RQ$@
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'Purchase Agreement, dated May 17, 2006,1)by and among SESI, L.L.C., the guarantors/'identified therein, Bear, Stearns ? Co.
1
)Inc., J.P. Morgan Securities Inc., Howard1)Weil Incorporated, Johnson Rice ? Company0(L.L.C., Pritchard Capital Partners, LLC,4,Raymond James ? Associates, Inc. and Simmons%? Company International (incorporated2*herein by reference to Exhibit 10.1 to the/'Company?s Form 8K filed May 23, 2006).ףp=
W$@%Confirmation of OTC Exchangeable Note5Hedge, dated December 7, 2006, by and between5SESI, L.L.C. and Bear, Stearns International,1)Limited (incorporated herein by reference1)to Exhibit 10.3 to the Company?s Form 8K80filed December 13, 2006 for the period beginningDecember 7, 2006).\(\$@%Confirmation of OTC Exchangeable Note5Hedge, dated December 7, 2006, by and between80SESI, L.L.C. and Lehman Brothers OTC DerivativesD
lMA5)zHcWhm !"#$%&'()*+,./0123456789:;<=>? . &Inc. (incorporated herein by reference!!1!)to Exhibit 10.4 to the Company?s Form 8K""8"0filed December 13, 2006 for the period beginning###December 7, 2006).$$$%zGa$@%1%)Confirmation of OTC Warrant Confirmation,&&2&*dated December 7, 2006, by and between the''0'(Company and Bear, Stearns International,((1()Limited (incorporated herein by reference))1))to Exhibit 10.5 to the Company?s Form 8K**8*0filed December 13, 2006 for the period beginning+++December 7, 2006).,,,ffffff$@1)Confirmation of OTC Warrant Confirmation,..2.*dated December 7, 2006, by and between the//3/+Company and Lehman Brothers OTC Derivatives00.0&Inc. (incorporated herein by reference1111)to Exhibit 10.6 to the Company?s Form 8K22820filed December 13, 2006 for the period beginning333December 7, 2006).444510.21*^575/Form of Performance Share Unit Award Agreement.666710.22*^747,Form of Stock Option Agreement for the grant8808(of nonqualified stock options under the9919)Superior Energy Services, Inc. 2005 Stock:::Incentive Plan;;;<10.23*^<+<#Form of Restricted Stock Agreement.===>{Gz$@>>%Purchase, Contribution and Redemption??.?&Agreement, dated February 25, 2008, byD
lih43LuQ0?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@@%and among Dynamic Offshore Resources,AA1A)LLC, Moreno Group LLC, SESI, LLC, and SPNBB.B&Resources, LLC (incorporated herein byCC2C*reference to Exhibit 10.1 to the Company?sDD*D"Form 8K filed February 29, 2008).EEEF10.25^F2F*Employment Agreement, dated March 1, 2008,GG0G(by and between Superior Energy Services,HH1H)Inc. and William B. Masters (incorporatedII2I*herein by reference to Exhibit 10.1 to theJJ0J(Company?s Form 8K filed March 6, 2008).KKKL10.26*^L0L(Letter agreement between Superior EnergyMM2M*Services, Inc. and Patrick J. Zuber, datedNNNDecember 22, 2008.OOOP10.27*^P3P+Superior Energy Services, Inc. SupplementalQQ"QExecutive Retirement Plan.RRRS333333,@S9S1Code of business ethics and conduct (incorporatedTT3T+herein by reference to the Company?s AnnualUU;U3Report on Form 10K for the year ended December 31,VV~
VNWWW
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Z23.1*Z3Z+Consent of KPMG LLP, independent registered[[[public accounting firm.\]$^____________________________1_)Created by Morningstar Document Research.D.
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
NO TITLE (10)U }}$ }=
$SUPERIOR ENERGY SERVICES INC10K
02/27/2009UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
23.2*
+
#Consent of DeGoyler and MacNaughton
31.1*;3Officer?s certification pursuant to Rules 13a14(a)
3
+and 15d14(a) under the Securities Exchange Act of 1934, as amended.
31.2*;3Officer?s certification pursuant to Rules 13a14(a)3+and 15d14(a) under the Securities Exchange Act of 1934, as amended.
32.1*80Officer?s certification pursuant to Section 1350%of Title 18 of the U.S. Code.
32.2*80Officer?s certification pursuant to Section 1350%of Title 18 of the U.S. Code.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@DMA5)[tPiE.=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009.&PERFORMANCE SHARE UNIT AWARD AGREEMENT0 (Performance Level Compared to Peer Group Performance
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009.&PERFORMANCE SHARE UNIT AWARD AGREEMENT & SUPERIOR ENERGY SERVICES, INC.
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)INCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009TIME OF EXERCISE Scheduled Vesting Date Number of Shares To Vest
December 31, 20???
December 31, 20???December 31, 20???
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009AWARD OF SHARES Number of Shares of
Scheduled Vesting Date
Restricted Stock To VestJanuary 1, 20???January 1, 20???
January 1, 20???
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009&ENTIRE AGREEMENT; MODIFICATION & SUPERIOR ENERGY SERVICES, INC.
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)
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02/27/2009NO TITLE$ Participant?s Age ? Years of Retirement Contribution
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02/27/2009Pension Plan Years of Service Vested Percentage
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009NO TITLE STATE OF JURISDICTION
OF INCORPORATION ORNAMEORGANIZATION
1105 Peters Road, L.L.C.
Louisiana!Balance Point Group, B.V.NetherlandsBlowout Tools, Inc.
TexasH.B. Rentals, UK, Ltd.United KingdomH.B. Rentals, L.C. Louisiana/'International Snubbing Services, L.L.C. Louisiana( Premier Oilfield Rentals LimitedScotlandSESI, L.L.C.Delaware( Stabil Drill Specialties, L.L.C. Louisiana!SubSurface Tools, L.L.C. Louisiana( Superior Energy Services, L.L.C. Louisiana+#Warrior Energy Services CorporationDelawareWild Well Control, Inc.
TexasWorkstrings, L.L.C. Louisiana$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D~lznJ=q2Z
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (8)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009NO TITLE~
2*I have reviewed this annual report on Form / '10K of Superior Energy Services, Inc.;
~
/'Based on my knowledge, this report does6.not contain any untrue statement of a material
7
/fact or omit to state a material fact necessary0(to make the statements made, in light of5the circumstances under which such statements.&were made, not misleading with respect%to the period covered by this report;~
80Based on my knowledge, the financial statements,0(and other financial information included6.in this report, fairly present in all material1)respects the financial condition, results6.of operations and cash flows of the registrant0(as of, and for, the periods presented inthis report;~
1)The registrant?s other certifying officer.&and I are responsible for establishing/'and maintaining disclosure controls and.&procedures (as defined in Exchange Act3+Rules 13a15(e) and 15d15(e)) and internalD lznz(8CX~/ !"#$%&' 4 ,control over financial reporting (as defined!!6!.in Exchange Act Rules 13a15(f) and 15d15(f))""$"for the registrant and have:#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/+^=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (9)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009NO TITLE
a)%Designed such disclosure controls and  %procedures, or caused such disclosure
.
&controls and procedures to be designed6.under our supervision, to ensure that material/'information relating to the registrant,
0
(including its consolidated subsidiaries,2*is made known to us by others within those0(entities, particularly during the period/'in which this report is being prepared;
b)5Designed such internal control over financial2*reporting, or caused such internal control/'over financial reporting to be designed4,under our supervision, to provide reasonable.&assurance regarding the reliability of/'financial reporting and the preparation5of financial statements for external purposes%in accordance with generally acceptedaccounting principles;
c)7/Evaluated the effectiveness of the registrant?s.&disclosure controls and procedures and0(presented in this report our conclusions1)about the effectiveness of the disclosureD
lznl_VJ:19v !"#$%&'()*+,./01 1 )controls and procedures, as of the end of!!!/!'the period covered by this report based""""on such evaluation; and#$
$d)$2$*Disclosed in this report any change in the%%%4%,registrant?s internal control over financial&&&7&/reporting that occurred during the registrant?s'''4',most recent fiscal quarter (the registrant?s(((6(.fourth fiscal quarter in the case of an annual))))%report) that has materially affected,***5*or is reasonably likely to materially affect,+++.+&the registrant?s internal control over,,, ,financial reporting; and.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(5TP E,z$=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009NO TITLE~
2*I have reviewed this annual report on Form / '10K of Superior Energy Services, Inc.;
~
/'Based on my knowledge, this report does6.not contain any untrue statement of a material
7
/fact or omit to state a material fact necessary0(to make the statements made, in light of5the circumstances under which such statements.&were made, not misleading with respect%to the period covered by this report;~
80Based on my knowledge, the financial statements,0(and other financial information included6.in this report, fairly present in all material1)respects the financial condition, results6.of operations and cash flows of the registrant0(as of, and for, the periods presented inthis report;~
1)The registrant?s other certifying officer.&and I are responsible for establishing/'and maintaining disclosure controls and.&procedures (as defined in Exchange Act3+Rules 13a15(e) and 15d15(e)) and internalD lznz(8CX~/ !"#$%&' 4 ,control over financial reporting (as defined!!6!.in Exchange Act Rules 13a15(f) and 15d15(f))""$"for the registrant and have:#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/+^=PF0*8X>
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NO TITLEAnnual Report on Form 10K forMarine Services!Health Safety and Environmental!We are subject to the cyclical We are subject to the cycl (1)!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)Patrick J ZuberPatrick J Zuber (1)Patrick J Zuber (2)Patrick J Zuber (3)Patrick J Zuber (4)Market drivers and conditions!LongTerm Construction Accountin!LongTerm Construction Accou (1)!LongTerm Construction Accou (2)!LongTerm Construction Accou (3)!LongTerm Construction Accou (4)!LongTerm Construction Accou (5)!LongTerm Construction Accou (6)!LongTerm Construction Accou (7)!LongTerm Construction Accou (8)!LongTerm Construction Accou (9)!LongTerm Construction Acco (10)!LongTerm Construction Acco (11)!LongTerm Construction Acco (12)!LongTerm Construction Acco (13)!LongTerm Construction Acco (14)!LongTerm Construction Acco (15)!LongTerm Construction Acco (16)!LongTerm Construction Acco (17)!LongTerm Construction Acco (18)!LongTerm Construction Acco (19)!LongTerm Construction Acco (20)!LongTerm Construction Acco (21)!LongTerm Construction Acco (22)!LongTerm Construction Acco (23)!LongTerm Construction Acco (24)!LongTerm Construction Acco (25)!LongTerm Construction Acco (26)!LongTerm Construction Acco (27)!LongTerm Construction Acco (28)!LongTerm Construction Acco (29)!LongTerm Construction Acco (30)!LongTerm Construction Acco (31)!LongTerm Construction Acco (32)!LongTerm Construction Acco (33)!LongTerm Construction Acco (34)!LongTerm Construction Acco (35)!LongTerm Construction Acco (36)!LongTerm Construction Acco (37)!LongTerm Construction Acco (38)!LongTerm Construction Acco (39)!LongTerm Construction Acco (40)!LongTerm Construction Acco (41)!LongTerm Construction Acco (42)!LongTerm Construction Acco (43)!LongTerm Construction Acco (44)!LongTerm Construction Acco (45)!LongTerm Construction Acco (46)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!Standardized Measure of Dis (3)!Standardized Measure of Dis (4)!Standardized Measure of Dis (5)!Standardized Measure of Dis (6)!Standardized Measure of Dis (7)!Standardized Measure of Dis (8)!NONQUALIFIED DEFERRED COMPENSAT!NONQUALIFIED DEFERRED COMPE (1)!PERFORMANCE SHARE UNIT AWARD AG!PERFORMANCE SHARE UNIT AWAR (1)!PERFORMANCE SHARE UNIT AWAR (2)TIME OF EXERCISEINCONSISTENT PROVISIONSAWARD OF SHARESENTIRE AGREEMENT MODIFICATIONNO TITLE (1)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)Pension PlanNO TITLE (6)NO TITLE (7)NO TITLE (8)NO TITLE (9)U }$ }U}$ }8
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$SUPERIOR ENERGY SERVICES INC10K
02/27/2009NO TITLE
a)%Designed such disclosure controls and  %procedures, or caused such disclosure
.
&controls and procedures to be designed6.under our supervision, to ensure that material/'information relating to the registrant,
0
(including its consolidated subsidiaries,2*is made known to us by others within those0(entities, particularly during the period/'in which this report is being prepared;
b)5Designed such internal control over financial2*reporting, or caused such internal control/'over financial reporting to be designed4,under our supervision, to provide reasonable.&assurance regarding the reliability of/'financial reporting and the preparation5of financial statements for external purposes%in accordance with generally acceptedaccounting principles;
c)7/Evaluated the effectiveness of the registrant?s.&disclosure controls and procedures and0(presented in this report our conclusions1)about the effectiveness of the disclosureD
lznl_VJ:19v !"#$%&'()*+,./01 1 )controls and procedures, as of the end of!!!/!'the period covered by this report based""""on such evaluation; and#$
$d)$2$*Disclosed in this report any change in the%%%4%,registrant?s internal control over financial&&&7&/reporting that occurred during the registrant?s'''4',most recent fiscal quarter (the registrant?s(((6(.fourth fiscal quarter in the case of an annual))))%report) that has materially affected,***5*or is reasonably likely to materially affect,+++.+&the registrant?s internal control over,,, ,financial reporting; and.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(5TP E,z$=PF0*8X>
@1100//
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