> 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#܈ ~~9"܈ ~~4#܈ ~~7#܈ ~~3#܈ ~~83ffff̙̙3f3fff3f3f33333f33.NO TITLE$%*Annual Report on Form 10K fortOOil and Gas Operations!bOil and Gas Operations (1)&wvHealth Safety and Environmental#Oil and Natural Gas ReservesNO TITLE (1)Productive Wells Summary#Productive Wells Summary (1)Drilling Activity&ICosts Incurred in Oil and Natur&&Costs Incurred in Oil and N (1)&=We are subject to the cyclical &+VOur industry is highly competit&mjA significant portion of our re&+A significant portion of ou (1)&5We are vulnerable to the potent&]The dangers inherent in our ope&mThe dangers inherent in our (1)&Our oil and gas revenues are su&Factors beyond our control affeVCommon Stock Information#Common Stock Information (1)#1Common Stock Information (2)#aKCommon Stock Information (3)$kMarket drivers and conditionsProved Reserve Estimates#Proved Reserve Estimates (1)#Proved Reserve Estimates (2)#Proved Reserve Estimates (3)#yProved Reserve Estimates (4)#z1Proved Reserve Estimates (5)#ddProved Reserve Estimates (6)#Proved Reserve Estimates (7)#Proved Reserve Estimates (8)#E%Proved Reserve Estimates (9)$UProved Reserve Estimates (10)$LyProved Reserve Estimates (11)$Proved Reserve Estimates (12)$Proved Reserve Estimates (13)$Proved Reserve Estimates (14)$
Proved Reserve Estimates (15)$E8Proved Reserve Estimates (16)$YQProved Reserve Estimates (17)$eyProved Reserve Estimates (18)$*Proved Reserve Estimates (19)$Proved Reserve Estimates (20)$Proved Reserve Estimates (21)$Proved Reserve Estimates (22)$l6Proved Reserve Estimates (23)$OProved Reserve Estimates (24)$yProved Reserve Estimates (25)$Proved Reserve Estimates (26)$xProved Reserve Estimates (27)$Proved Reserve Estimates (28)$Proved Reserve Estimates (29)$Proved Reserve Estimates (30)$Proved Reserve Estimates (31)$,Proved Reserve Estimates (32)$hHProved Reserve Estimates (33)$\Proved Reserve Estimates (34)$(}Proved Reserve Estimates (35)$Proved Reserve Estimates (36)$Proved Reserve Estimates (37)$]Proved Reserve Estimates (38)$Proved Reserve Estimates (39)$:Proved Reserve Estimates (40)$SProved Reserve Estimates (41)$mProved Reserve Estimates (42)$Proved Reserve Estimates (43)$Proved Reserve Estimates (44)$D Proved Reserve Estimates (45)$g Proved Reserve Estimates (46)$ Proved Reserve Estimates (47)$f
Proved Reserve Estimates (48)$e
Proved Reserve Estimates (49)$
Proved Reserve Estimates (50)$Proved Reserve Estimates (51)$r8Proved Reserve Estimates (52)&OStandardized Measure of Discoun&kStandardized Measure of Dis (1)&Standardized Measure of Dis (2)&HStandardized Measure of Dis (3)&Standardized Measure of Dis (4)&Standardized Measure of Dis (5)& Standardized Measure of Dis (6)&6Standardized Measure of Dis (7)&dStandardized Measure of Dis (8)&wStandardized Measure of Dis (9)&ƖStandardized Measure of Di (10)&ƲStandardized Measure of Di (11)&`Standardized Measure of Di (12)&
Standardized Measure of Di (13)&>
Standardized Measure of Di (14)6R
NO TITLE (2)[n
NO TITLE (3)
NO TITLE (4)
NO TITLE (5)
NO TITLE (6)
l )
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??bAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }6}$ }+
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008NO TITLE Delaware
7523793885
(State or other jurisdiction of incorporation
,
$(I.R.S. Employer Identification No.)or organization)
1105 Peters Road
~
F
Harvey, LA
(Zip Code)1)( Address of principal executive offices)&Registrant?s telephone number:(504) 3624321$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2znJ_)H<0=PF0*8X>
@
l HBLN
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }:}$ }}$
H
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008&Annual Report on Form 10K for Page
PART I
Item 1. Business~
Item 1A. Risk Factors
~
*
*"Item 1B. Unresolved Staff Comments~
FItem 2. Properties~
F!Item 3. Legal Proceedings~
F2*Item 4. Submission of Matters to a Vote of~
FSecurity Holders1)Item 4A. Executive Officers of Registrant~
JPART II.&Item 5. Market for Registrant?s Common~
N,$Equity, Related Stockholder Matters,1)and Issuer Purchases of Equity Securities'Item 6. Selected Financial Data~
V4,Item 7. Management?s Discussion and Analysis~
Z80of Financial Condition and Results of Operations%Item 7A. Quantitative and Qualitative~
%Disclosures about Market Risk6.Item 8. Financial Statements and Supplementary~
D(
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))~
)B) *and Corporate Governance'+Item 11. Executive Compensation++~
+B+.,&Item 12. Security Ownership of Certain,,~
,B,4,Beneficial Owners and Management and Related.Stockholder Matters2/*Item 13. Certain Relationships and Related//~
/B//0'Transactions, and Director Independence.1&Item 14. Principal Accountant Fees and11~
1B12Services333334PART IV444455555.6&Item 15. Exhibits, Financial Statement66~
6F67 Schedules&8 Subsidiaries of the Company9 Consent of KPMG LLP.:& Consent of DeGolyer and MacNaughton3;+ Officer's Certification Pursuant to Rule< 13a14(a)3=+ Officer's Certification Pursuant to Rule> 13a14(a)6?. Officer's Certification Pursuant to SectionD lV@N
jFM./`i2@ABCDEFG~
@6A. Officer's Certification Pursuant to Section~
BCD$E____________________________1F)Created by Morningstar Document Research.0G(http://documentresearch.morningstar.com/j=PF0*8X>
@zGGFFEEBBAA@@??>>==<<;;::9988
l b
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }$4
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008Oil and Gas Operations ?&changes in competitive prices;
?
3
+oil and gas prices and industry perceptionsof future prices;
?
0
(fluctuations in the level of activity byoil and gas producers;$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,xl`h\}=PF0*8X>
@
l u
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas Operations!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }:
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008Oil and Gas Operations ?4,changes in the number of liftboats operating in the Gulf of Mexico;
?80the ability of oil and gas producers to generatecapital;
?( general economic conditions; and ? governmental regulation.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0xl`PfZN&=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)Oil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }U5
$SUPERIOR ENERGY SERVICES INC10K
02/28/20082*Health, Safety and Environmental Assurance ?4,Federal and state laws and other regulations  %relating to the oil and gas industry;
?1)changes in such laws and regulations; and
?
)
!the level of enforcement thereof.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*OhpdXL4(=PF0*8X>
@
l ȣ
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$4}$ }
}$ }
}
$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008$Oil and Natural Gas Reserves
As of December 31,
~
^
~
Z
~
V,$Total estimated net proved reserves:
Oil (Mbbls)~
Vz~
{
~
>
Natural gas (Mmcf)
~
&
~
,
~
"r
Total (Mboe) (1)~
*~
~
*"Net proved developed reserves (4):
Oil (Mbbls)~
ve~
h
~
vNatural gas (Mmcf)~
~
~
STotal (Mboe) (1)~
:~
N
~
3+Estimated future net revenues before income~
#~
" ~
: taxes (in thousands) (2)1)Standardized measure of discounted future~
~
~
Ƅ)!net cash flows (in thousands) (3)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:~rfZ.n
[<=PF0*8X>
@j
l :
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesProductive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }U}$ }y<
:
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008NO TITLE~
6 .Barrel of oil equivalents (boe) are determined
0
(using the ratio of 6 thousand cubic feet1)(mcf) of natural gas to 1 barrel (bbl) of/'oil or condensate. Mboe, mbbls and mmcf
1
)mean a thousand boe, a thousand bbl and a)!million cubic feet, respectively.~
2*The December 31, 2007 amount was estimated6.by DeGolyer and MacNaughton using a periodend80crude New York Mercantile Exchange (NYMEX) price7/of $95.98 per bbl for oil and a NYMEX gas price2*of $7.48 per million British Thermal units0(for natural gas, and price differentials4,provided by us. The December 31, 2006 amount6.was also estimated by DeGolyer and MacNaughton/'using a periodend crude NYMEX price of4,$61.05 per bbl for oil and a NYMEX gas price2*of $5.64 per million British Thermal units0(for natural gas, and price differentials4,provided by us. The December 31, 2005 amount6.was also estimated by DeGolyer and MacNaughton/'using a periodend crude NYMEX price of4,$61.04 per bbl for oil and a NYMEX gas priceD
lznJ]t$~+ATj !"#$%&'()*+,./0123456789 2 *of $9.44 per million British Thermal units!!0!(for natural gas, and price differentials""3"+provided by us. Net revenues as they appear##2#*in the table are defined as gross revenue,$$2$*less production taxes, operating expenses,%%$%royalties and capital costs.&~
''.'&The standardized measure of discounted((0((future net cash flows, calculated by us,)).)&represents the present value of future**.*&cash flows after income tax discounted+++at 10%.,~
3+Net proved developed nonproducing reserves..2.*at December 31, 2007 were 3,070 mbbls (39%//4/,of total net proved oil reserves) and 23,1120040,mmcf (66% of total net proved gas reserves).11:12Net proved undeveloped reserves as of December 31,2262.2007 were 1,336 mbbls (17% of total net proved3333+oil reserves) and 518 mmcf (1% of total net444proved gas reserves).56$7____________________________18)Created by Morningstar Document Research.09(http://documentresearch.morningstar.com/8Tf{;/M{7]QE=PF0*8X>
@998877
l P
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }}$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008 Productive Wells Summary
Total
Productive Wells
GrossNetOil~
v
q@
Natural gas
~
)\@@
Total~
>Q"s@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2vj^Q[
^=PF0*8X>
@:
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryDrilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }
}$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008 Productive Wells Summary
Gross Net
Acreage
Acreage
Developed~
z~
^Undeveloped~
Y~
~2
Total~
a~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0vj^4@w=PF0*8X>
@:
l r
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }a}$ } }$ } }
$ } }$ } }$ } }$ } }$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008Drilling Activity
~
^ ~
Z ~
V
Gross
Net
Gross
Net
Gross
NetDevelopment Wells:
Productive~
"@
~
ffffff?~
?
Nonproductive
?
?
?
?
?
?
Total~
"@
~
ffffff?~
?
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2
}qe9+_3zR=PF0*8X>
@b
l %
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }m)}$ }}$ }}
$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/200880Costs Incurred in Oil and Natural Gas Activities
Years Ended December 31,
~
^
~
Z
~
V
*"Acquisition of properties ? proved~
z~
~
ތDevelopment costs~
~
~
n6
Total costs incurred~
zo~
~
J
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0j^RFbD}sg[3=PF0*8X>
@j
l <
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }*}$ }
}$ }
}
$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/200880Costs Incurred in Oil and Natural Gas Activities
~
^ ~
Z ~
V
Proved properties
~
"
~
~
J
+#Accumulated depreciation, depletion~
~
d
~
and amortization
Capitalized costs, net~
~
r ~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0j^RF,D\=PF0*8X>
@b
l #TU
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }=
#
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008JBWe are subject to the cyclical nature of the oil and gas industry. ?6.the level of worldwide oil and gas exploration and production;
?0(the cost of exploring for, producing anddelivering oil and gas;
?/'demand for energy, which is affected by2*worldwide economic activity and populationgrowth; ?4,the ability of the Organization of Petroleum0(Exporting Countries, or OPEC, to set and+#maintain production levels for oil; ?7/the discovery rate of new oil and gas reserves; ?;3political and economic uncertainty, sociopolitical7/unrest and regional instability or hostilities;and ?/'technological advances affecting energy0(exploration, production and consumption.DlXL@41,4uisg !"$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/
(=PF0*8X>
@""!!
l i
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }0
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008+#Our industry is highly competitive. ?&changes in competitive prices;
?
0
(fluctuations in the level of activity inmajor markets;
?
/
'an increased number of liftboats in theGulf of Mexico; ?( general economic conditions; and ? governmental regulation.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4}wk_SaUaU=PF0*8X>
@
l #ā
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }$4
#
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008kcA significant portion of our revenue is derived from our nonUnited States operations, which expose ?,$potential seizure or nationalization
of assets;
?"increased operating costs;
?
0
(social unrest, acts of terrorism, war orother armed conflict; ?3+modification or renegotiating of contracts; ?importexport quotas; ?.&confiscatory taxation or other adverse
tax policies; ?currency fluctuations; ?2*restrictions on the repatriation of funds;and ?2*other forms of government regulation whichare beyond our control.D
l7+x!wf)o<0 !"$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/
(=PF0*8X>
@""!!
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!A significant portion of our re!We are vulnerable to the potent!The dangers inherent in our ope!The dangers inherent in our (1)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }8
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008kcA significant portion of our revenue is derived from our nonUnited States operations, which expose ?7/the awarding of contracts to local contractors;
?

%the employment of local citizens; and ?1)the establishment of foreign subsidiaries
,
$with significant ownership positions.&reserved by the foreign government forlocal citizens.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.K7+QEA=PF0*8X>
@
l ֨
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!A significant portion of our re!A significant portion of ou (1)!The dangers inherent in our ope!The dangers inherent in our (1)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }6
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008WOWe are vulnerable to the potential difficulties associated with rapid expansion ?5lack of sufficient executivelevel personnel;
?
,
$increased administrative burden; and ?,$increased logistical problems common
'
to large, expansive operations.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*mhK?3'h\x=PF0*8X>
@
l Ծ
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our (1)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }:
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008kcThe dangers inherent in our operations and the limits on insurance coverage could expose us to pote ?fires;
?
,
$explosions, blowouts, and cratering; ?80hurricanes and other extreme weather conditions;
?4,mechanical problems, including pipe failure; ?,$abnormally pressured formations; and ?.&environmental accidents, including oil5spills, gas leaks or ruptures, uncontrollable0(flows of oil, gas, brine or well fluids,3+or other discharges of toxic gases or otherpollutants.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<C7+{oD8,~V=PF0*8X>
@
l ,
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!A significant portion of our re!A significant portion of ou (1)!We are vulnerable to the potent!The dangers inherent in our ope!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }2
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008kcThe dangers inherent in our operations and the limits on insurance coverage could expose us to pote ?.&the presence of unanticipated pressure ( or irregularities in formations;
?( equipment failures or accidents;
?
#
adverse weather conditions; ?2*compliance with governmental requirements;and ?1)shortages or delays in obtaining drilling0(rigs or in the delivery of equipment and services.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/87+l`P_&=PF0*8X>
@
l C
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }7
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008E=Our oil and gas revenues are subject to commodity price risk. ?6.there is a change in the expected differential 3 +between the underlying price in the hedging

%agreement and actual prices received; ?.&our production and/or sales of natural
#
gas are less than expected; ?.&payments owed under derivative hedging5contracts typically come due prior to receipt1)of the hedged month?s production revenue;and ?/'the other party to the hedging contract%defaults on its contract obligations.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:N]QE9*pc0$wk_7=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are suCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }I;
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008LDFactors beyond our control affect our ability to market oil and gas. ?4,the level of domestic production and imports of oil and gas;
?91the proximity of gas production to gas pipelines;
?
.
&the availability of pipeline capacity; ?7/the demand for oil and natural gas by utilitiesand other end users; ?3+the availability of alternate fuel sources; ?/'state and federal regulation of oil andgas marketing; and ?5federal regulation of gas sold or transportedin interstate commerce.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@DVJ>2(Y IVJ>=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }
}$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008 Common Stock Information High Low~
Z
First Quarter \(;@ L5@Second Quarter(\A@(\5:@
Third Quarter
A@
q=
ףp5@
Fourth Quarter=
ףp=B@
ףp=
8@~
^
First Quarter 33333B@ 333333<@Second Quarterp=
D@,A@
Third Quarter(\D@ A@Fourth QuarterB@R?@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8F vj^ANCivk_S+=PF0*8X>
@J
l 0
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }<}$ }y}
$ }y}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008 Common Stock Information
Approximate
Total Number of
Dollar Value of
Shares
Shares that MayTotal Number of
Purchased as
Yet be
Shares
Average Price
Part of Publicly
PurchasedPeriod PurchasedPaid per Share
Announced Plan
Under the PlanOctober 2007~
= (\@@
~
=
~
QcK$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.vj^h+z=PF0*8X>
@
l J
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$} $
!!!!!!!!!! !
!!!
!!!!!!!!$SUPERIOR ENERGY SERVICES INC10K
02/28/2008 Common Stock Information
Years Ended December 31,
~
J~
N
~
R~
V~
Z~
^ &Superior Energy Services, Inc.~
~
~
~
~
>~
S?P 500 Stock Index
~
~
~
>
~
Z
~
~
Peer Group~
~
~
J~
z~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.&
vj^f^3'=PF0*8X>
@
l ,j
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }1}$ }
}$ }
}
$ }
}$ }}$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008 Common Stock Information
Years Ended December 31,
~
^
~
Z
~
V
~
R
~
NRevenues~
_~
B ~
,
~
q"~
FIncome from operations~
n~
fW
~
~
~
>
Net income
~
(
~
F}
~
N$
~
20
~
Net income per share:
Basic(\@zG@
ףp=
?
Q?=
ףp=?DilutedHzG@(\@
333333?
Gz?=
ףp=?Total assets~
ŉ~
hr
~
B
~
&F=~
~2,$Longterm debt, less current portion~
g+~
Fm+
~
R8
~
~
r1)Decommissioning liabilities, less current~
za~
P
~
~
~
%portionStockholders? equity~
;~
`+
~
Z
~
^{~
x$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:vj^b&jI7
q=PF0*8X>
@r
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Proved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }*}$ }
}$ }}$}
$ }
}$ }$}$}$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008%Market drivers and conditions
%
%
~
^
Change
~
Z
Change
~
VWorldwide Rig Count (1)
U.S.~
~
%
~
~
N %~
International (2)
~
~
&
%
~
v
~
%
~
2
"Commodity Prices (average)
+#Crude Oil (West Texas Intermediate) \(R@~
& %
QP@
~
F % )\hL@Natural Gas (Henry Hub) ףp=
W!@~
V %
Gz@
21 % Q"@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0}qeY]h=PF0*8X>
@
l Z
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }U}$ }
}$ }
}
$ }
}$ }
}$ }$}$}$ }
}$ }$}$}$ }} $
!!!!!!!!!! !
!!!
!!!!!!!!!!!!!$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Revenue
Gross Margin
~
^
~
Z
Change
~
^
%
~
Z
%
Change
Well Intervention~
r.~
ڡ ~
~
6~
%~
,~
%~
Z
Rental Tools
~
J
~
N
~
>
~
~
%
~
f
~
%
~
:%
Marine~
j~
N
~
A
~
*~
%~
Z~
%~
Oil and Gas~
~
~
~
~
%~
ڄ~
%~
 Less: Oil and Gas Elim.~
~
~!
~
? ? ? ? ?
Total~
_~
B ~
6
~
]5~
%~
re$~
%~
*
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8ui]j@O!1%=PF0*8X>
@
l V
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }U}$ }
}$ }
}
$ }
}$ }
}$ }$}$}$ }
}$ }$}$}$ }} $
!!!!!!!!!! !
!!!
!!!!!!!!!!!!!$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Revenue
Gross Margin
~
Z
~
V
Change
~
Z
%
~
V
%
Change
Well Intervention~
ڡ~
f ~
v
~
,~
%~
N~
%~

Rental Tools
~
N
~
B
~
~
f
~
%
~
:
~
%
~
.
Marine~
N~
S
~
9
~
Z~
%~
e~
%~
Oil and Gas~
~
~
~
ڄ~
%~
N~
%~
Less: Oil and Gas Elim.~
~!~
n%
~
? ? ? ? ?
Total~
B~
, ~
^
~
re$~
%~
~
%~
v
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8ui]j@O!1%=PF0*8X>
@
l +
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }I;
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. ?3+prior to December 15, 2011, during the five 5 businessday period after any ten consecutive
,
$tradingday period (the ?measurement.&period?) in which the trading price of1)$1,000 principal amount of notes for each
1
)trading day in the measurement period was91less than 95% of the product of the last reported7/sale price of our common stock and the exchange!rate on such trading day; ?5if the notes have been called for redemption; ?2*upon the occurrence of specified corporatetransactions; or ?4,at any time beginning on September 15, 2026,2*and ending at the close of business on the1)second business day immediately precedingthe maturity date.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/DY lui]PH?3n."k=PF0*8X>
@
l X
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }U5}$ }}$ }
}
$ }}$ }}$ }
}$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Description ~
b ~
f ~
j
~
n ~
r
Thereafter
4,Longterm debt, including estimated interest~
b~
~
º
~
~
~~
1payments#
Decommissioning liabilities
~
2?
~
&
~
~
~
h
~
rW
Operating leases~
B~
o
~
>
~
Z+~
~
VVessel Construction~
m ?
?
? ? ?
Total~
O~
:R ~
:
~
~
$~
r85$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4ui]1."W=PF0*8X>
@
l F;/0
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }:}$ }
}$ }
}$
F
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. ~
^ ~
Z
ASSETS
Current assets:!Cash and cash equivalents~
'~
`
%Accounts receivable, net of allowance
~
~
4,for doubtful accounts of $16,742 and $17,4193+at December 31, 2007 and 2006, respectivelyIncome taxes receivable ?~
)+#Current portion of notes receivable~
~
Prepaid expenses~
2~
Other current assets~
v}~
Total current assets~
v~
.*"Property, plant and equipment, net~
B5~
=&5Oil and gas assets, net, under the successful~
~
$efforts method of accountingGoodwill~
ʓ~
>$Notes receivable~
r~
&!Equitymethod investments~
z~
n.&Intangible and other longterm assets,~
~
netDc
lui]';n7B\ ! " # $ % & ' ( ) * + ,  . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? Total assets ~
ŉ ~
hr !!!!!!!""""""""",#$LIABILITIES AND STOCKHOLDERS? EQUITY########$Current liabilities:$$$$$$$$%Accounts payable%~
%>%%~
%%&Accrued expenses&&~
&
&&&~
&2_&'Income taxes payable''~
'u''' '?'6(.Current portion of decommissioning liabilities((~
(2?(((~
(:%(,)$Current maturities of longterm debt))~
))))~
))*******!+Total current liabilities++~
+>+++~
++,,,,,,,Deferred income taxes~
* ~
.#.Decommissioning liabilities..~
.za...~
.P./Longterm debt//~
/g+///~
/Fm+/#0Other longterm liabilities00~
0O000~
001Stockholders? equity:1111111172/Preferred stock of $0.01 par value. Authorized,22 2?222 2?2%35,000,000 shares; none issued54Common stock of $0.001 par value. Authorized,44~
4F444~
4F425*125,000,000 shares; issued and outstanding86080,671,650 and 80,617,337 shares at December 31,#72007 and 2006, respectively"8Additional paid in capital88~
8888~
88/9'Accumulated other comprehensive income,99~
9ڍ999~
9 9:net;Retained earnings;;~
;F";;;~
;Ƣ;<<<<<<<"=Total stockholders? equity==~
=;===~
=`+=>>>>>>>2?*Total liabilities and stockholders? equity?~
?ŉ??~
?hr?D}lHLda/RypdhG8c@ A B C D E @@@@@@@AB$C____________________________1D)Created by Morningstar Document Research.0E(http://documentresearch.morningstar.com/udl=PF0*8X>
@j
EEDDCC????%%%%
l >ROc
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }7}$ }
}$ }
}
$ }}$
>
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
~
^ ~
Z ~
V ,
$Oilfield service and rental revenues
~
6T
~
:
~
(
Oil and gas revenues~
~
~
Total revenues
~
_
~
B
~
,
%Cost of oilfield services and rentals~
&~
V
~
b'!Cost of oil and gas sales~
R~
2F
~
1)Total cost of services, rentals and sales~
6*~
]
~
%Depreciation, depletion, amortization~
w~
~
"s
and accretion+#General and administrative expenses~
~
G
~
$Reduction in value of assets ? ?
~
JmGain on sale business~
t ?
~
b7
Income from operations~
n~
fW
~
Other income (expense):
4,Interest expense, net of amounts capitalized~
^~
j
~
jInterest income~
,~
H
~
f",$Loss on early extinguishment of debt ?~
2;
?D'lui]CsKQG.iO
!
"
#
$
%
&
'
(
)
*
+
,

.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
, $Earnings (losses) from equitymethod ~
~
\
~
!investments6".Reduction in value of equitymethod investment"" "?""" "?"" "
~
"z"######## #
#"$Income before income taxes$$~
$e$$$~
$$$ $
~
$x$%Income taxes%%~
%2= %%%~
%R%% %
~
%rT%&&&&&&&& &
&'
Net income'~
'(''~
'F}'' ~
'
N$'(((((((( (
()))))))))) )
)) *Basic earnings per share** (\@*** zG@** *
ףp=
?*++++++++ +
+,,,,,,,,,, ,
,,"Diluted earnings per share HzG@ (\@ 
333333?........ .
.////////// /
//.0&Weighted average common shares used in000000000 0
00%1computing earnings per share:
2Basic22~
26222~
222 2
~
2243,Incremental common shares from stock options33~
3:333~
333 3
~
3314)Incremental common shares from restricted44~
4444~
444 4
~
4R45stock units66666666 6
67Diluted77~
7V777~
7&77 7
~
7788888888 8
89:$;____________________________1<)Created by Morningstar Document Research.0=(http://documentresearch.morningstar.com/@D:#U!ss_E/_7
=PF0*8X>
@==<<;;
******
''''''
l :ѕp
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }6}$ }$}$ }$}
$ }}$ }$}$ }I}$ }}$ }}$ }} $
:!!!!!!!!!! !
!!!
!!!!!!!!!!!!!!!!!!!$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Accumulated
Preferred
Common
Additional
other
stock Preferred
stock
Commonpaidin
comprehensiveRetained shares
stock
shares
stockcapitalincome (loss), netearnings
Total
#Balances, December 31, 2004 ?
$?
~
~qM
~
6~
K~
~
6~
^{ Comprehensive income:
Net income ? ?
?
? ? ?~
N$~
N$ /'Other comprehensive income  Changes in ? ?
?
? ?~
?~
/'fair value of hedging positions, net oftax/'Foreign currency translation adjustment ? ?
?
? ?~
j ?~
j "Total comprehensive income ? ?
?
? ?~
"~
N$~
n 'Grant of restricted stock units ? ?
?
?~
z ? ?~
z !Grant of restricted stock ? ?
~
w
?~
? ?~
!Exercise of stock options ? ?
~
a
~
~
? ?~
&Tax benefit from stock options ? ?
?
?~
? ?~
#Balances, December 31, 2005 ? ?
~
^J
~
>~
n'~
2~
%~
Z Comprehensive income:
Net income ? ?
?
? ? ?~
F}~
F} /'Other comprehensive income  Changes in ? ?
?
? ?~
>j ?~
>j DR"lui]^3`paj, !!!"!#!$!%!&!'!(!)!*!+!,!!.!/!0!1!2!3!4!5!6!7!8!9!/ 'fair value of hedging positions, net of!tax/"'Foreign currency translation adjustment"" "?""" "?"" "
"?""
" "?""" "?"""~
"V""" "?"""~
"V" ###"$Total comprehensive income$$ $?$$$ $?$$ $
$?$$
$ $?$$$ $?$$$~
$$$$~
$F}$$$~
$j$ '%Grant of restricted stock units%% %?%%% %?%% %
%?%%
% %?%%%~
%z%%% %?%%% %?%%%~
%z% 5&Grant of restricted stock, net of forfeitures&& &?&&& &?&& &
~
&^&&
& &?&&&~
&j&&& &?&&& &?&&&~
&j& !'Exercise of stock options'' '?''' '?'' '
~
'>''
'~
''''~
'+''' '?''' '?'''~
'+' &(Tax benefit from stock options(( (?((( (?(( (
(?((
( (?(((~
(V((( (?((( (?(((~
(V( ))!Stock option compensation expense)) )?))) )?)) )
)?))
) )?)))~
)>
))) )?))) )?)))~
)>
) .*&Issuance of common stock in connection** *?*** *?** *
~
*G**
*~
****~
*BR*** *?*** *?***~
*VR* 3++with acquisition of Warrior Energy Services,Corporation&Shares repurchased and retired ? ? 
~
r
~
~
< ? ?~
< .%Purchase of common stock call options.. .?... .?.. .
.?..
. .?...~
.O... .?... .?...~
.O. 1/)related to exchangeable notes, net of tax0benefit of $35,520/1'Sale of common stock warrant related to11 1?111 1?11 1
1?11
1 1?111~
1¯111 1?111 1?111~
1¯1 2exchangeable notes333#4Balances, December 31, 200644 4?44
4$?44 4
~
4}844
~
4F44~
444~
4 44~
4Ƣ44~
4`+4 56$7____________________________18)Created by Morningstar Document Research.09(http://documentresearch.morningstar.com/8W,wN
ZNB=PF0*8X>
@#99 88 77 444444444444
l ' /
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }7}$ }$}$ }$}
$ }}$ }$}$ }U}$ }}$ }
}$ }
} $
'!!!!!!!!!! !
!!!
!!!!!!!!!!!!!!!!!!!$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Accumulated
Preferred
Common
Additional
other
stock Preferred
stock
Commonpaidin
comprehensiveRetained shares
stock
shares
stockcapitalincome (loss), netearnings
Total
#Balances, December 31, 2006 ?
$?
~
}8
~
F~
~
~
Ƣ~
`+ Comprehensive income:
Net income ? ?
?
? ? ?~
(~
( /'Other comprehensive income  Changes in ? ?
?
? ?~
?~
6.fair value of equitymethod hedging positions,
net of tax/'Foreign currency translation adjustment ? ?
?
? ?~
j ?~
j "Total comprehensive income ? ?
?
? ?~
~
(~
'Grant of restricted stock units ? ?
?
?~
"
? ?~
"
5Grant of restricted stock, net of forfeitures ? ?
~
?~
) ? ?~
) !Exercise of stock options ? ?
~
24
~
~
ރ ? ?~
&Tax benefit from stock options ? ?
?
?~
? ?~
)!Stock option compensation expense ? ?
?
?~
? ?~
3+Shares issued under Employee Stock Purchase ? ?
~
Θ
?~
? ?~
Plan&Shares repurchased and retired ? ?
~
~
~
^ ? ?~
Z D!lui]^3`iSrH,jZ !!!"!#!$!%!&!# Balances, December 31, 2007 ?
$?
~
;
~
F ~
~
ڍ ~
F" ~
; !!!"#$$____________________________1%)Created by Morningstar Document Research.0&(http://documentresearch.morningstar.com/xnbV.=PF0*8X>
@#&& %% $$
l VFp$
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }7}$ }
}$ }
}
$ }}$
V
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
~
^ ~
Z ~
V 
%Cash flows from operating activities:
Net income~
(~
F} ~
N$.&Adjustments to reconcile net income to
2
*net cash provided by operating activities:%Depreciation, depletion, amortization~
w~
~
"s
and accretionDeferred income taxes~
:~
~
.&Stockbased and performance share unit~
~
>`
~
compensation expense6.Reduction in value of assets and equitymethod ? ?
~
Ҁ
investment,$(Earnings) losses from equitymethod~
~
~
investments+#Writeoff of debt acquisition costs ?~
,
?.&Amortization of debt acquisition costs~
6~
~
and note discount Gain on sale of business~
?
~
4,Changes in operating assets and liabilities,
%net of acquisitions and dispositions:Receivables~
s~
Z
~
Accounts payable~
~
nq
~
YAccrued expenses~
v~
Υ
~
D)lui]C8;"k7ah
!
"
#
$
%
&
'
(
)
*
+
,

.
/
0
1
2
3
4
5
6
7
8
9
:
;
<
=
>
?
# Decommissioning liabilities ~
~
~
v !Income taxes!!~
!2!!!~
!3!! !
~
!f!"
Other, net""~
"q"""~
""" "
~
"J"######## #
#1$)Net cash provided by operating activities$$~
$` $$$~
$Z$$ $
~
$ $%%%%%%%% %
%&&&&&&&&&& &
&&'%Cash flows from investing activities:''''''''' '
'')(!Payments for capital expenditures((~
((((~
(",(( (
~
(J\(/)'Acquisitions of businesses, net of cash))~
):)))~
)Vd)) )
~
)v)*acquired/+'Acquisitions of oil and gas properties,++~
++++~
+f'++ +
~
+9+,net of cash acquired0(Cash proceeds from sale of business, net~
~
 
~
2.of cash sold4/,Cash contributed to equitymethod investment// /?///~
/.y// /
/?/00(Cash proceeds from sale of equitymethod00 0?000 0?00 0
~
0&01
investment
2Other22~
2222~
2*22 2
~
2233333333 3
34%Net cash used in investing activities44~
4W444~
4z44 4
~
4f455555555 5
56%Cash flows from financing activities:666666666 6
66$7Proceeds from longterm debt77 7?777~
7r*77 7
7?7,8$Principal payments on longterm debt88~
8Z888~
8Z88 8
~
8ʙ8)9!Payment of debt acquisition costs99~
9999~
9.99 9
~
9&95:Purchase of common stock call options related:: :?:::~
:$:: :
:?:;to exchangeable notes0<(Sale of common stock warrants related to<< <?<<<~
<¯<< <
<?<=exchangeable notes/>'Proceeds from exercise of stock options>>~
>>>>~
>+>> >
~
>>2?*Tax benefit from exercise of stock options??~
????~
?V?? ?
???DlCq.E1hH~f^Xj@
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
/@'Proceeds from issuance of stock through@@~
@@@@ @?@@ @
@?@Aemployee benefit plans(B Purchase and retirement of stockBB~
BZBBB~
B<BB B
B?BCCCCCCCC C
CDDDDDDDDDD D
DD0E(Net cash provided by (used in) financingEE~
EEEE~
EdEE E
~
EEF
activitiesGGGGGGGG G
G/H'Effect of exchange rate changes in cashHH~
HHHH~
HHH H
~
HbHIIIIIIII I
I0J(Net increase (decrease) in cash and cashJJ~
JJJJ~
JJJ J
~
J"dJKequivalents.L&Cash and cash equivalents at beginningLL~
L`LLL~
LRLL L
~
LLMof yearNNNNNNNN N
N0O(Cash and cash equivalents at end of yearO~
O'OO~
O`OO ~
O
ROPPPPPPPP P
PQR$S____________________________1T)Created by Morningstar Document Research.0U(http://documentresearch.morningstar.com/0
9VBxb!uWK?=PF0*8X>
@bUUTTSSOOOOOO
l _=ISU
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }}$ }I;
_
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.(a)Basis of Presentation

%The consolidated financial statements/'include the accounts of Superior Energy6.Services, Inc. and subsidiaries (the Company).

%All significant intercompany accounts91and transactions are eliminated in consolidation.0(Certain previously reported amounts have0(been reclassified to conform to the 2007
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$the end of their life cycle.80The Company also acquires oil and gas propertiesD lui] ]I\P QB: !"#$%&'()*+,./0123456789:;<=>? 4 ,in order to provide additional opportunities!!!/!'for its well intervention operations in"""0"(the Gulf of Mexico. The Company acquires###5#and produces oil and gas properties, provides$$$+$#various productionrelated services%%%/%'to the properties and decommissions and&&&.&&abandons the properties (see note 19).'(((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....%estimates and assumptions that affect///6/.the reported amounts of assets and liabilities000/0'and disclosure of contingent assets and11101(liabilities at the date of the financial222.2&statements and the reported amounts of33323*revenues and expenses during the reporting44404(period. Actual results could differ from5555those estimates.677(d)737+Major Customers and Concentration of Credit8888Risk9:::/:'A majority of the Company?s business is;;;0;(conducted with major and independent oil<<<2<*and gas exploration companies. The Company===/='evaluates the financial strength of its>>>>%customers and provides allowances for???4?,probable credit losses when deemed necessaryDlMEI=7.)w7+6@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^@@@2@*but does not require collateral to supportAAA!Athe customer receivables.BCCC1C)The market for the Company?s services andDDD0D(products is the offshore and onshore oilEEE1E)and gas industry in the United States andFFF.F&select international market areas. OilGGG3G+and gas companies make capital expendituresHHH/H'on exploration, drilling and productionIII3I+operations. The level of these expendituresJJJJ%has been characterized by significantKKKKvolatility.LMMM5MThe Company derives a large amount of revenueNNN4N,from a small number of major and independentOOO0O(oil and gas companies. In 2007, 2006 andPPP/P'2005, Shell accounted for approximatelyQQQ0Q(11%, 12% and 10%, respectively, of totalRRR1R)revenue, primarily related to our oil andSSS4S,gas and rental tools segments. The Company?sTTT1T)inability to continue to perform servicesUUU1U)for a number of large existing customers,VVV1V)if not offset by sales to new or existingWWW0W(customers, could have a material adverseXXX6X.effect on the Company?s business and financialYYYY
condition.Z[$\____________________________1])Created by Morningstar Document Research.0^(http://documentresearch.morningstar.com/B=X]QG?TH7/z!p=PF0*8X>
@^^]]\\
l =mx
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }}$ }y<
=
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.(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 approximately.&$26.9 million and $14.7 million of rawD lui]Q RA3+ !"#$%&'()*+,./0123456789:;< . &materials and supplies at December 31,!!!2!*2007 and 2006, respectively. Raw materials"""4",and supplies consist principally of products###3#+which are consumed in our services provided$$$.$&to customers, spare parts and supplies%%%7%/for equipment used in providing these services,&&&5&and raw materials used for finished products.'''.'&These supplies are stated at the lower(((4(,of cost or market. Cost primarily represents)))0)(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 stated00010)at cost, except for assets acquired using111/1'purchase accounting, which are recorded22242,at fair value as of the date of acquisition.33363.With the exception of the Company?s liftboats,444:42derrick barge and oil and gas assets, depreciation55525*is computed using the straightline method66666.over the estimated useful lives of the related7777assets as follows:89$:____________________________1;)Created by Morningstar Document Research.0<(http://documentresearch.morningstar.com/>
0PC1}z"rV\PD=PF0*8X>
@<<;;::
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }2}$ }m}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates." 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/*hui]!Y'=PF0*8X>
@
l 7
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }8
7
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.1)The Company?s liftboats and derrick barge 5 are depreciated using the unitsofproduction
6
.method based on the utilization of the vessels5and are subject to a minimum amount of annual/'depreciation. The Company?s oil and gas
/
'producing assets are depleted using the6.unitsofproduction method based on applicable/'quantities of oil and gas produced. The.&unitsofproduction method is used for%these assets because depreciation and%depletion occur primarily through use0(rather than through the passage of time./'The Company capitalizes interest on the1)cost of major capital projects during the/'active construction period. Capitalized7/interest is added to the cost of the underlying/'assets and is amortized over the useful4,lives of the assets. The Company capitalized0(approximately $1.5 million, $0.9 million0(and $0.5 million in 2007, 2006 and 2005,%respectively, of interest for variouscapital projects.D
lui]I>31%uh\ !"#$%&'()*+,./0123456 2 *Longlived assets and certain identifiable!!!/!'intangibles are reviewed for impairment"""3"+whenever events or changes in circumstances###/#'indicate that the carrying amount of an$$$4$,asset may not be recoverable. Recoverability%%%1%)of assets to be held and used is measured&&&1&)by a comparison of the carrying amount of'''2'*an asset to future net cash flows expected(((5(to be generated by the assets. If such assets)))5)are considered to be impaired, the impairment***2**to be recognized is measured by the amount+++2+*by which the carrying amount of the assets,,,2,*exceeds the fair value. Assets are grouped4,by subsidiary or division for the impairment.../.'testing, except for liftboats which are///7//grouped together by size. Assets to be disposed00040,of are reported at the lower of the carrying11101(amount or fair value less costs to sell.23$4____________________________15)Created by Morningstar Document Research.06(http://documentresearch.morningstar.com/2OA5{!m[g=PF0*8X>
@665544
l v=%M
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }@
v
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.0(The Company?s subsidiary, SPN Resources, 4 ,LLC, acquires oil and natural gas properties
/
'and assumes the related decommissioning7/liabilities. The Company follows the successful7/efforts method of accounting for its investment
0
(in oil and natural gas properties. Under0(the successful efforts method, the costs2*of successful exploratory wells and leases7/containing productive reserves are capitalized.7/Costs incurred to drill and equip developmental1)wells, including unsuccessful development/'wells are capitalized. Other costs such/'as geological and geophysical costs and6.the drilling costs of unsuccessful exploratory3+wells are expensed. SPN Resources? property5purchases are recorded at the value exchanged0(at closing, combined with an estimate of6.its proportionate share of the decommissioning.&liability assumed in the purchase. All%capitalized costs are accumulated and.&recorded separately for each field and4,allocated to leasehold costs and well costs.=5Leasehold costs are depleted on a unitsofproduction.&basis based on the estimated remainingD
lui]v#8Dao#> !"#$%&'()*+,./0123456789:;<=>? . &equivalent proved oil and gas reserves!!.!&of each field. Well costs are depleted""/"'on a unitsofproduction basis based on##1#)the estimated remaining equivalent proved$$5$developed oil and gas reserves of each field.%&&/&'Oil and gas properties are assessed for''/''impairment in value on a fieldbyfield((,($basis whenever impairment indicators))4),become evident. The Company uses its current**1*)estimate of future revenues and operating++.+&expenses to test the capitalized costs,,5,for impairment. In the event net undiscounted4,cash flows are less than the carrying value,../.'an impairment loss is recorded based on//0/(the present value of expected future net0010)cash flows over the economic lives of the111 reserves.23(i)33Goodwill45535+The Company accounts for goodwill and other6666.intangible assets in accordance with Statement7717)of Financial Accounting Standards No. 1428858(FAS No. 142), ?Goodwill and Other Intangible9939+Assets.? FAS No. 142 requires that goodwill::/:'as well as other intangible assets with;;0;(indefinite lives no longer be amortized,<<3<+but instead tested annually for impairment.==6=.To test for impairment, the Company identifies>>1>)its reporting units (which are consistent??/?'with the Company?s reportable segments)D%ll!w,Iazjz+E@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@1@)and determines the carrying value of eachAA.A&reporting unit by assigning the assetsBB/B'and liabilities, including goodwill andCC2C*intangible assets, to the reporting units.DD1D)The Company then estimates the fair valueEE1E)of each reporting unit and compares it toFF2F*the reporting unit?s carrying value. BasedGG6G.on this test, the fair values of the reportingHH/H'units exceeded the carrying amounts. NoII3I+impairment loss was recognized in the yearsJJ3J+ended December 31, 2007, 2006 or 2005 underKK1K)this method. However, in 2005 the CompanyLL6L.reduced the value of goodwill by approximatelyMM3M+$3.8 million to approximate the sales priceNN.N&of its environmental subsidiary, whichOO7O/was sold in 2006 (see notes 4 and 11). GoodwillPP0P(increased by approximately $29.0 millionQQ5Qin 2007 as a result of the Company?s businessRR,R$acquisition and disposition activitySS0S(during the year. Goodwill also increasedTTT%approximately $9.6 million related toUU.U&the 2006 acquisition of Warrior EnergyVV5VServices Corporation as the Company finalizedWW4W,the initial valuation of the acquired assetsXX/X'and liabilities. Additionally, goodwillYY7Y/increased in 2007 by approximately $0.7 millionZZ4Z,as the result of changes in foreign currency[[5[exchange rates and approximately $0.6 million\\/\'as a result of additional consideration]].]&paid for a prior acquisition. Goodwill^^6^.has been allocated to the Company?s reportable__._&segments as follows: $329.7 million toD3li6K`u"=^
r~3`abcdefghijklmnopqrstu``5`the well intervention segment; $143.7 millionaa6a.to the rental tools segment; and $11.2 millionbbbto the marine segment.cd(j)ddNotes Receivableeff/f'Notes receivable consist of commitmentsgg2g*from the sellers of oil and gas propertieshh/h'towards the abandonment of the acquirediii%properties. Pursuant to the agreementjj2j*with the sellers, the Company will invoicekk9k1the sellers agreed upon amounts at the completionll.l&of certain decommissioning activities.mm1m)These receivables are recorded at presentnn6n.value, and the related discounts are amortizedoo1o)to interest income, based on the expectedpp1p)timing of the decommissioning activities.qr$s____________________________1t)Created by Morningstar Document Research.0u(http://documentresearch.morningstar.com/0]#;YmuiA=PF0*8X>
@uuttss
l ;
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }<(}$ }}$ } }
$ }}$ }}$ } }$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
December 31, 2007
December 31, 2006
Gross
Accumulated
Net
Gross
Accumulated
Net
AmountAmortization
Balance
AmountAmortizationBalanceCustomer relationships~
F~
B ~
2
~
d~
~
]
Tradenames
~
Z
~
~
Z
~
~
2
~
Noncompete agreements~
~~
~
Z
~
~
~
Debt acquisition costs~
6~
2
~
~
5~
~
/)!Deferred compensation plan assets~
v ?
~
v
~
B ?~
B
Other~
~
~
~
~
&~
Total~
ja ~
NB ~
~
j~
J~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:ui]1S`#?:."=PF0*8X>
@
l Y".7
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }>
Y
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.+#Customer relationships, tradenames, 0 (and noncompete agreements are amortized
/
'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. Amortization/'expense was approximately $7.8 million,4,$0.6 million, and $0.3 million for the years/'ended December 31, 2007, 2006 and 2005,3+respectively. Estimated annual amortization1)will be approximately $9 million for each5of the next five years, excluding the effects6.of any acquisitions or dispositions subsequentto December 31, 2007.(l)!Decommissioning Liability<4The Company records estimated future decommissioning80liabilities related to its oil and gas producing%properties pursuant to the provisionsD lui]4K^x)9P !"#$%&'()*+,./0123456789:;<=>? , $of Statement of Financial Accounting!!4!,Standards No. 143 (FAS No. 143), ?Accounting""."&for Asset Retirement Obligations.? FAS##/#'No. 143 requires entities to record the$$6$.fair value of a liability at estimated present%%0%(value for an asset retirement obligation&&,&$(decommissioning liabilities) in the'';'3period in which it is incurred with a corresponding((6(.increase in the carrying amount of the related))/)'longlived asset. Subsequent to initial**2**measurement, the decommissioning liability++1+)is required to be accreted each period to,,4,,present value. The Company?s decommissioning/'liabilities consist of costs related to..8.0the plugging of wells, the removal of facilities//1/)and equipment and site restoration on oil000and gas properties.12212)The Company estimates the cost that would3343,be incurred if it contracted an unaffiliated4464.third party to plug and abandon wells, abandon55.5&the pipelines, decommission and remove6616)the platforms and pipelines and clear the7707(sites of its oil and gas properties, and8868.uses that estimate to record its proportionate99/9'share of the decommissioning liability.::4:,In estimating the decommissioning liability,;;0;(the Company performs detailed estimating<<,<$procedures, analysis and engineering==0=(studies. Whenever practical, the Company>>5>utilizes its own equipment and labor services??7?/to perform well abandonment and decommissioningDlh5D^o"BY
p @@ABCDEFGHIJKLMNOPQRSTUVWX@@7@/work. When the Company performs these services,AA.A&all recorded intercompany revenues areBB0B(eliminated in the consolidated financialCC0C(statements. The recorded decommissioningDD5Dliability associated with a specific propertyEE/E'is fully extinguished when the propertyFF/F'is abandoned. The recorded liability isGG3G+first reduced by all cash expenses incurredHH1H)to abandon and decommission the property.II0I(If the recorded liability exceeds (or isJJ0J(less than) the Company?s incurred costs,KK1K)then the difference is reported as incomeLL2L*(or loss) within revenue during the periodMM3M+in which the work is performed. The CompanyNN3N+reviews the adequacy of its decommissioningOOO%liability whenever indicators suggestPP/P'that the estimated cash flows needed toQQ6Q.satisfy the liability have changed materially.RR2R*The timing and amounts of these cash flowsSS+S#are estimates, and changes to theseTU$V____________________________1W)Created by Morningstar Document Research.0X(http://documentresearch.morningstar.com/6cz/Hcw.C=PF0*8X>
@XXWWVV
l P
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }0.}$ }U}$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. Year Ended December 31,
~
^
~
Z
.&Decommissioning liabilities, beginning~
Ru~
p of period)
!Liabilities acquired and incurred
~
~
7
Liabilities settled~
~
Accretion~
ZE~
L)!Revision in estimated liabilities~
~
*.&Total decommissioning liabilities, end~
~
Ru of periodLess: current portion~
2?~
:%#Decommissioning liabilities~
za~
P$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/> 0ui]R.2MV=PF0*8X>
@R
l Ni>tx
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }UN
N
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.(m)Revenue Recognition
.
&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. The.&Company recognizes oil and gas revenue0(from its interests in producing wells as5oil and natural gas is sold from those wells.2*The Company is accounting for the revenues6.and related costs on its contract to constructIAa derrick barge for a third party on the percentageofcompletion.&method utilizing engineering estimates/'and construction progress (see note 7).(n)&Taxes Collected from CustomersD lui]#)? !!.!&Pursuant to Emerging Issues Task Force""1")Issue No. 063, ?How Taxes Collected from##.#&Customers and Remitted to Governmental$$.$&Authorities Should Be Presented in the%%.%&Income Statement?, the Company elected&&5&to net taxes collected from customers against''0'(those remitted to government authorities((.(&in the financial statements consistent))0)(with the historical presentation of this***information.+,(o),,Income Taxes..0.(The Company provides for income taxes in//./&accordance with Statement of Financial0030+Accounting Standards No. 109 (FAS No. 109),1121*?Accounting for Income Taxes.? FAS No. 1092202(requires an asset and liability approach33.3&for financial accounting and reporting44/4'for income taxes. Deferred income taxes5535+reflect the impact of temporary differences6616)between amounts of assets and liabilities7717)for financial reporting purposes and such88(8 amounts as measured by tax laws.9:(p)::Earnings per Share;<</<'Basic earnings per share is computed by==8=0dividing income available to common stockholders>>0>(by the weighted average number of common???%shares outstanding during the period.Du
l].L;Rn!K?@ABCDEFGHIJKLM@@.@&Diluted earnings per share is computedAA0A(in the same manner as basic earnings perBB6B.share except that the denominator is increasedCC2C*to include the number of additional commonDD/D'shares that could have been outstandingEE.E&assuming the exercise of stock optionsFF4F,and restricted stock units and the potentialGG0G(shares that would have a dilutive effectHHHon earnings per share.IJ$K____________________________1L)Created by Morningstar Document Research.0M(http://documentresearch.morningstar.com/ bj5_SG=PF0*8X>
@MMLLKK
l \w
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }:
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.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 $45.58 per share price isreached (see note 8).(q)Financial Instruments1)The fair value of the Company?s financial1)instruments of cash equivalents, accounts6.receivable and current maturities of longterm1)debt approximates their carrying amounts.D lui]
u'?VnH<Z !"#$%&'()*+,./0123456789:;<=>? 1 )The fair value of the Company?s longterm!!/!'debt is approximately $708.3 million at"""December 31, 2007.#$(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 rates,,1,)in effect at the balance sheet dates, and%the resulting translation adjustments..7./are reported as accumulated other comprehensive///%income in the Company?s stockholders?000equity.123363.For nonU.S. subsidiaries where the functional44.4¤cy is the U.S. dollar, financial5535+statements are remeasured into U.S. dollars66.6&using the historical exchange rate for7747,most of the longterm assets and liabilities8808(and the balance sheet date exchange rate9979/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 expensesD
lh2&H[z'Ifw*E@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@4@,in the consolidated statements of operationsAA4A,in the period in which the currency exchangeBB8B0rates change. The Company recorded approximatelyCC.C&$0.5 million, $0.8 million, and $(0.2)DD3D+million of these transaction (gains) lossesEE.E&in general and administrative expensesFF2F*in the years ended December 31, 2007, 2006GGGand 2005, respectively.HI(s)I IStock Based CompensationJKK.K&Effective January 1, 2006, the CompanyLL1L)adopted Statement of Financial AccountingMM.M&Standards No. 123(R) (FAS No. 123(R)),NN0N(?ShareBased Payment (as amended)? whichOO1O)requires that compensation costs relatingPP.P&to sharebased payment transactions beQQ/Q'recognized in the financial statements.RR5RThe cost is measured at the grant date, basedSS2S*on the calculated fair value of the award,TT0T(and is recognized as an expense over theUU6U.employee?s requisite service period (generallyVV0V(the vesting period of the equity award).WW5WThe Company is using the modified prospectiveXX,X$application method and, accordingly,YYY%financial statement amounts for priorZZ7Z/periods presented in these financial statements[[2[*have not been restated to reflect the fair\\0\(value method of recognizing compensation]]]%costs relating to nonqualified stock^^^options (see note 3)._D,l`s)UIh:O`.`abcdefghijklmnopqrstuvwxyz{}~``6`.Prior to January 1, 2006, the Company followedaa3a+the disclosureonly provisions of Statementbb1b)of Financial Accounting Standards No. 123cc2c*(FAS No. 123), ?Accounting for StockBaseddd6d.Compensation? using the measurement principlesee3e+prescribed in Accounting Principles Board?sff4f,Opinion No. 25, ?Accounting for Stock Issuedgg2g*to Employees.? No stockbased compensationhh/h'costs were recognized for stock optionsii2i*in net income prior to January 1, 2006, asjj1j)all options granted had an exercise pricekk3k+equal to the market value of the underlyingll4l,common stock on the date of the grant. Stockmm7m/compensation costs from the grant of restrictednn6n.stock and restricted stock units were expensedoooas incurred.pq(t)qqHedging Activitiesrss5sThe Company entered into hedging transactionstt2t*in 2004 that expired on August 31, 2006 touu1u)secure a commodity price for a portion ofvv2v*its oil production and reduce its exposureww.w&to oil price fluctuations. The Companyxx3x+does not enter into derivative transactionsyy.y&for trading purposes. The Company usedz{$____________________________1})Created by Morningstar Document Research.0~(http://documentresearch.morningstar.com/BX
X_r#:P[+;V}=PF0*8X>
@~~}}
l *E8
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }I;
*
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates./'financiallysettled crude oil swaps and  %zerocost collars that provided floor
.
&and ceiling prices with varying upside0(price participation. The Company?s swaps%and zerocost collars were designated
2
*and accounted for as cash flow hedges. The1)Company has not hedged any of its natural.&gas production. The Company recognized4,the fair value of all derivative instruments/'as assets or liabilities on the balance0(sheet. Changes in the fair value of cash0(flow hedges, to the extent the hedge was91effective, were recognized in other comprehensive0(income until the hedged item was settled1)and recorded in oil and gas revenues. For3+the years ended December 31, 2006 and 2005,/'hedging settlement payments reduced oil7/and gas revenues by approximately $13.8 million3+and $10.2 million respectively. The Company3+did not record any material gains or losses.&due to hedge ineffectiveness for theseperiods.(u))!Other Comprehensive Income (Loss)D lui]3Oj}1JY !"#$%&'() !!1!)The following table reconciles the change""1")in accumulated other comprehensive income##/#'(loss) for the years ended December 31,$$$%2007 and 2006 (amounts in thousands):%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/Z=PF0*8X>
@))((''
l %B
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }6}$ }}$ }
}$
%
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. Year Ended December 31,
~
^
~
Z
.&Accumulated other comprehensive income~
~
20((loss), net, December 31, 2006 and 2005,
respectively.&Other comprehensive income (loss), netof tax:Hedging activities:/'Reclassification adjustment for settled ?~
Z/'contracts, net of tax of $5,124 in 20064,Changes in fair value of outstanding hedging ?~
1)positions, net of tax of ($1,131) in 20065Unrealized loss on equitymethod investments?~
?0(hedging activities, net of tax of $1,515in 2007/'Foreign currency translation adjustment~
j~
V/'Total other comprehensive (loss) income~
~
/'Accumulated other comprehensive income,~
ڍ~
5net, December 31, 2007 and 2006, respectivelyDlui]Rd/Qf' ! " # $ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/
P=PF0*8X>
@R
$$##""
l <Fn
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }6}$ }
}$ }
}
$ }U}$
<
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
~
^ ~
Z ~
V
Cash paid for interest
~
~
~
J
"Cash paid for income taxes~
9~
>! ~
)!Details of business acquisitions:
Fair value of assets~
~
~
g!Fair value of liabilities~
.~
N
~
'Note payable due on acquisition~
R ?
?Common stock issued ?~
?
Cash paid~
F~
~
gLess cash acquired~
~
~
~
&Net cash paid for acquisitions~
~
~
d
5Details of oil and gas property acquisitions:
%Fair value of assets received~
~
~
%Fair value of assets disposed~
?
?!Fair value of liabilities ?~
~
jL
Cash paid~
}~
?Less cash acquired ? ?
~
jDlui]C7'j^3\H'm
!
"
#
$
%
&
'
(
)
*
+
,

.
/
0
1
2
3
4
5
6
7
8
9
:
;
&!Net cash paid for acquisitions!~
!}!!~
!!! ~
!
j!"""""""" "
"2#*Details of proceeds from sale of business:######### #
##$Book value of assets$~
$&$$~
$>6$$ ~
$
$!%Book value of liabilities%% %?%%%~
%%% %
%?%%&Note receivable due from sale&&~
&&&& &?&& &
&?& 'Gain on sale of business''~
't''' '?'' '
~
'b7'(((((((( (
()
Cash received))~
))))~
)#)) )
~
)2)*Less cash sold** *?***~
*** *
*?*++++++++ +
+1,)Net cash proceeds from sale of subsidiary,~
,,,~
,,, ~
,
2, 
$.Noncash investing activity:......... .
..)/!Receivable from sale of affiliate/
/$?//
/$?// ~
/
f/00000000 0
01111111111 1
11$2Noncash financing activity:222222222 2
2203(Deferred tax asset on purchase of common3
3$?33~
3+33
3
$?324*stock call options related to exchangeable
5notes66666666 6
678$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/<tcu*^q=PF0*8X>
@"$;;::99333333
//////
,,,,,,
$$$$$$
!!!!!!
l 5
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ } }$}$ } }$}
$ } }$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Years Ended December 31,
~
^
~
Z
~
V
ActualActual
Pro Forma%Weightedaverage fair value of grants Gz,@
ףp=
*@
zG@
)!BlackScholesMerton Assumptions:
Risk free interest rate\(\
@ %HzG@ %
@ %Expected life (years)~
~
~
Volatility33333sC@ %Gz.F@ %
GztC@ %Dividend yield ? ?
?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4 ui]ynGPc=PF0*8X>
@j
l %MO
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }2}$ }}$
%
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. ~
V
Net income, as reported
~
N$
2*Stockbased employee compensation expense,~
net of tax
Pro forma net income~
:!Basic earnings per share:Earnings, as reported ףp=
?2*Stockbased employee compensation expense,Q
net of tax$Pro forma earnings per share Q?#Diluted earnings per share:Earnings, as reported 333333?2*Stockbased employee compensation expense,Q
net of tax$Pro forma earnings per share HzG?D lui]!>(F:$r6( !"#$ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/
P=PF0*8X>
@R
$$##""
l (otx
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }'}$ }y}
$ }U}$
(
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Weighted
Weighted
Average
Aggregate
Average
Remaining
Intrinsic Number ofOption
Contractual
Value (in
Options
Price
Term (in years)
thousands)
( Outstanding at December 31, 2004~
a \( @
Granted~
24 (\u1@
Exercised~
"Z (\@
Forfeited~
 (\u$@
( Outstanding at December 31, 2005~
zG&@
Granted~
~
v
Exercised~
(\&@
Forfeited~
n 0@
( Outstanding at December 31, 2006~
] R)@
Granted~
QA@
Exercised~
q=
ףp#@
Forfeited~
ffffff"@
( Outstanding at December 31, 2007~
" =
ףp@
ffffff@
~
.
( Exercisable at December 31, 2007~
vg Q8)@
@
~
JDWlui]TL{7fM !"#$%&'
!Options expected to vest!!~
!m!!! =
ףp+@!! !
!333333"@!!
~
!!"""""""" "
""
""#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/]d=PF0*8X>
@"$''&&%%!!!!
l p
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }}$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Options Outstanding Options Exercisable
Range of
Weighted Average
Weighted
Weighted
Exercise
Remaining
AverageAverage PricesShares
Contractual Life
PriceShares
Price
$4.75  $5.75~
8
1.5 years
@~
8 @
$7.31  $8.79~
"
4.2 years
=
ףp @~
"
=
ףp @
$9.10  $9.90~
2
4.0 years
ףp=
"@~
2 ףp=
"@$10.36  $10.90~
BS
6.6 years
RQ%@~
BS RQ%@$12.45  $17.46~
)
7.4 years
Qk1@~
) Gzn1@$24.90  $25.00~
8.1 years
=
ףp8@~
VS =
ףp8@$35.60  $35.70~
9.0 years
QA@~
QA@$35.80  $35.90~
9.9 years
QA@ ?
$?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:ui]1kS;(=PF0*8X>
@3
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }%}$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. Weighted
Average
Grant Number of Date Fair
Options
Value
'Nonvested at December 31, 2006~
ףp=
*@Granted~
Gz,@Vested~
ףp=
*@ Forfeited ?
$?'Nonvested at December 31, 2007~
m =
ףp+@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8ui]"Vo&?=PF0*8X>
@z
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }%}$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. Weighted
Average Grant
Number Date Fair of Shares
Value'
Nonvested at December 31, 2006
~
Hz>@
Granted~
n
ףp=A@Vested~
{Gz8@ Forfeited~
> Hz@@'Nonvested at December 31, 2007~
Z (\@@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6Vui]Wa"G;/=PF0*8X>
@r
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }'}$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. Number of Weighted
Restricted
Average Grant
Stock UnitsDate Fair Value( Outstanding at December 31, 2006~
I (\5@
Granted
~
ZF
\(D@
( Outstanding at December 31, 2007~
)\;@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0ui]!+\th@=PF0*8X>
@b
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Year Ended
December 31,
~
ZRevenues~
.J
Net income~
: Basic earnings per share (\@"Diluted earnings per share )\(@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6ui]!y?U%e=PF0*8X>
@R
l $0
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }6}$ }
}$ }
}$
$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. ~
^ ~
Z 
%Buildings, improvements and leasehold
~
.
~
?
improvements$Marine vessels and equipment~
b
~
:E
Machinery and equipment
~
Z4
~
F"
2*Automobiles, trucks, tractors and trailers~
~
VtFurniture and fixtures~
bT~
Constructioninprogress~
~
JLand~
~
r~
O~
8 Accumulated depreciation~
*~
V*"Property, plant and equipment, net~
B5~
=&Oil and gas assets~
j~
F
Accumulated depletion~
z~
5Oil and gas assets, net, under the successful~
~
$efforts method of accountingDlui]xWI5gy ! " # $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/<=PF0*8X>
@Z##""!!
l !*+
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }U5}$ }}$ }}$
!
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. ~
^ ~
Z 4
,Senior Notes ? interest payable semiannually
~
O
~
O
at 6.875%, due June 2014'Discount on 6.875% Senior Notes~
>~
4
,Senior Exchangeable Notes ? interest payable
~
j
~
j
0(semiannually at 1.5% until December 2011/'and 1.25% thereafter, due December 2026,$U.S. Government guaranteed longterm~
~
R0(financing ? interest payable semianually0(at 6.45%, due in semiannual installmentsthrough June 2027.&Revolver ? interest payable monthly at ? ?'floating rate, due in June 2011~
ft+~
y+Less current portion~
~
Longterm debt~
g+~
Fm+$____________________________1)Created by Morningstar Document Research.D
lui]b_cF3?1% 0 (http://documentresearch.morningstar.com/H=PF0*8X>
@J
l *DG
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }$}$ }I;
*
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. ?2*during any fiscal quarter (and only during  %such fiscal quarter) commencing after
1
)March 31, 2007, if the last reported sale6.price of the Company?s common stock is greater80than or equal to 135% of the applicable exchange
2
*price of the notes for at least 20 trading4,days in the period of 30 consecutive trading2*days ending on the last trading day of the!preceding fiscal quarter; ?3+prior to December 15, 2011, during the five5businessday period after any ten consecutive,$tradingday period (the ?measurement.&period?) in which the trading price of1)$1,000 principal amount of notes for each1)trading day in the measurement period was91less than 95% of the product of the last reported0(sale price of the Company?s common stock2*and the exchange rate on such trading day; ?5if the notes have been called for redemption; ?2*upon the occurrence of specified corporatetransactions; orD
lui]T<=1x$uc !"#$%&'() ! !?!4!,at any time beginning on September 15, 2026,"""2"*and ending at the close of business on the###1#)second business day immediately preceding$$$$the maturity date.%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/=b=PF0*8X>
@))((''
l U\
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }U}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.~
b ~
~
f
~
~
j~
~
n~
~
r
~
Thereafter~
p+
Total~
*+$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4ui]!mu9=PF0*8X>
@*
l #d{y
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }y
}$ }
}$ }
}
$ }U}$
#
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
~
^ ~
Z ~
V
Current
Federal~
.~
& ~
f
State~
~
v
~
Foreign
~
:0
~
~
_
~
w~
^
~
M
Deferred
Federal~
~
~
State~
J~
~
zForeign~
~
6
~
~
:~
~
~
2= ~
R ~
rT
Dlui]CtS]
dP6
!
"
$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/
(=PF0*8X>
@b""!!
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }*}$ }
}$ }U}
$ }U}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
~
^ ~
Z ~
V %
Computed expected tax expense
~
2=
~
<
~
C
+#Increase (decrease) resulting from:
&State and foreign income taxes~
. ~
~
Other
~
~
~
Income tax expense~
2= ~
R ~
rT
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2 ui]C)
nfZN&=PF0*8X>
@b
l *v
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }I;}$ }}$ }}$
*
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. ~
^ ~
Z
Deferred tax assets:
'Allowance for doubtful accounts~
f2~
zW3+Operating loss and tax credit carryforwards~
~~
>j!
Decommissioning liability
~
~
~
r
91Deferred interest expense related to exchangeable~
~
+
notes
Other~
~
~
z~
"}Valuation allowance~
N~
zNet deferred tax assets~
JH~
!Deferred tax liabilities:%Property, plant and equipment~
:
~
.I
Note receivable~
ڮ~
,$Goodwill and other intangible assets~
~
j
Other~
n~
6D
lui]~WPu xo ! " # $ % & ' ( ) Deferred tax liabilities ~
r@ ~
!!!!!!!""""""""""#Net deferred tax liability#~
#* ##~
#.#$$$$$$$%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/x$F=PF0*8X>
@J ))((''####
l $
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }
}$ }
}
$ }}$ }}$ }}$ }
}$
$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Oil ? Gas
Well
Rental
Eliminations
Consolid.~
^ Interven.
Tools
Marine
Oil ? Gas
? Unallocated
Total
Revenues
~
r.
~
J
~
j
~
~
~
_
,$Cost of services, rentals, and sales~
~
~
B
~
R~
~
6*%Depreciation, depletion, amortization~
~
jF
~
v
~
B ?~
w
and accretion"General and administrative~
>~
JV
~
~
?~
Gain on sale of business ?~
t
?
? ?~
tIncome from operations~
J
~
ڑ
~
6
~
fc ?~
nInterest expense, net ? ?
?
?~
^~
^Interest income ? ?
?
~
~
~
,%Losses from equitymethod investments ? ?
?
~
?~
"Income before income taxes~
J
~
ڑ ~
6
~
H~
~
e
Identifiable assets~
J<~
") ~
>
~
n ~
~
ŉ
Capital expenditures~
~
0
~
,
~
6~
8~
ZDlui]1,AtPX6Tg]9
!"# $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/<=PF0*8X>
@2&##""!!
l $ ,
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }a/}$ }
}$ }
}
$ }}$ }}$ }
}$ }
}$
$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Oil ? Gas
Well
Rental
Eliminations
Consolid.~
Z Interven.
Tools
Marine
Oil ? Gas
? Unallocated
Total
Revenues
~
ڡ
~
N
~
N
~
~
~!
~
B
,$Cost of services, rentals, and sales~
t~
~
m
~
2F~
~!~
]%Depreciation, depletion, amortization~
%~
*0
~
b
~
?~
and accretion"General and administrative~
~
J
~
~
b ?~
G
Income from operations~
G~
~
Z
~
^ ?~
fWInterest expense, net ? ?
?
?~
j~
jInterest income ? ?
?
~
~
j5~
H,$Loss on early extinguishment of debt ? ?
?
?~
2;~
2;/'Earnings from equitymethod investments ? ?
?
~
\ ?~
\
"Income before income taxes~
G~
~
Z
~
~~
~
Identifiable assets~
G3~
~
6s
~
fm~
~
hr
Capital expenditures~
bM~
~
~
~
~
Dlui]1,AtPX6\YO+ !"# $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/<=PF0*8X>
@2&##""!!
l &6D9
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }a/}$ }
}$ }}
$ }}$ }}$ }
}$ }
}$
&
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Oil ? Gas
Well
Rental
Eliminations
Consolid.~
V Interven.
Tools
Marine
Oil ? Gas
? Unallocated
Total
Revenues
~
f
~
B
~
S
~
~
n%
~
,
,$Costs of services, rentals and sales~
~
~
~
~
n%~
%Depreciation, depletion, amortization~
^~
6
~
Z
~
:@ ?~
"s
and accretion"General and administrative~
U~
T
~
~
V ?~
&Reduction in sale of liftboats~
K ?
?
~
!~
Jm Gain on sale of business ? ?
~
b7
?~
b7Income from operations~
^~
~
>
~
M ?~
Interest expense, net ? ?
?
?~
j~
jInterest income ? ?
?
~
"~
F~
f"/'Earnings from equitymethod investments ?~
?
? ?~
/'Earnings from equitymethod investments ?~
z
?
? ?~
z
"Income before income taxes~
^~
V ~
>
~
&_~
~
x
Identifiable assets~
S~
^ ~
o
~
N ~
r~
B
DPlui]1,AtPX6Ld _ !"#$% Capital expenditures ~
> ~
NI ~
~
~
3
$? ~
!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/%d=PF0*8X>
@2&%%$$##
l Q
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }
}$ }
}
$ }}$ }
}$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Revenues
LongLived Assets
Years Ended December 31,
December 31,~
^~
Z ~
V
~
^~
Z
United States~
M~
n8 ~
z&
~
67~
+
Other Countries
~
*<
~
^T
~
"
~
~
&d
Total~
_~
B ~
,
~
"OB~
1
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0vui]aG2'=PF0*8X>
@
l l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }
}$ }
}
$ }
}$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Three Months Ended
March 31
June 30
Sept. 30
Dec. 31~
^
Revenues~
&~
F7 ~
2Y
~
B
Gross profit
~
[
~
~
q
~
q
Net income~
N~
G
~
~
rd
Earnings per share:
Basic HzG? Q?
q=
ףp?
{Gz?Diluted(\?333333?
Q?
)\(?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4?ui][Ww5J>2
=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }
}$ }
}
$ }
}$ }
}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Three Months Ended
March 31
June 30
Sept. 30
Dec. 31~
Z
Revenues~
~
~
V
~
y
Gross profit
~
~
.
~
Z
~
Net income~
~
]
~
]
~
Earnings per share:
Basic ? \(\?
Gz?
(\?Diluted?Q?
(\?
RQ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4?ui][Ww5J>2
=PF0*8X>
@
l JG4M
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }7}$ }I}$ }
}
$ }
}$ }}$ }
}$ }
}$
J
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Non
Guarantor
Guarantor
ParentIssuer
Subsidiaries
SubsidiariesEliminationsConsolidatedASSETS
Current assets:
!Cash and cash equivalents
$?~
~
~
^
$?~
' Accounts receivable, net ?~
B4
~
Z
~
~
~
Income taxes receivable~
?
?
?~
?+#Current portion of notes receivable ? ?
~
? ?~
Prepaid expenses ?~
zW
~
~
M ?~
2Other current assets ?~
N
~
J
~
R ?~
v}
Total current assets~
~
`
~
v?
~
b~
~
v
*"Property, plant and equipment, net ?~
I
~
j9
~
R ?~
"OB
Goodwill, net ? ?
~
6
~
?~
ʓNotes receivable ?~
B
~
~
* ?~
r!Equitymethod investments~
~
j]"
~
j
?~
J~
z.&Intangible and other longterm assets, ?~
u
~
F
~
v ?~
netDlui]1%^Udxh8 !"#$%&'()*+,./0123456789:;<=>?
!!!!!!!!!! !
!!!
!!!!!!!!!!!"Total assets"~
"ʗ""~
"%"" ~
"
v""
~
"nz""~
"F""~
"ŉ"######## #
##
########,$$LIABILITIES AND STOCKHOLDERS? EQUITY$$$$$$$$$ $
$$$
$$$$$$$$$$$%%%%%%%%%% %
%%%
%%%%%%%%%%%&Current liabilities:&&&&&&&&& &
&&&
&&&&&&&&&&&'Accounts payable'
'$?''~
''' ~
'
{''
~
'''~
'
''~
'>'(Accrued expenses((~
((((~
((( (
~
(A((
(~
(N((( (?(((~
(
()Income taxes payable)) )?))) )?)) )
)?))
)~
)w)))~
))))~
)u)6*.Current portion of decommissioning liabilities** *?*** *?** *
~
*2?**
* *?*** *?***~
*2?*,+$Current maturities of longterm debt++ +?+++ +?++ +
+?++
+~
++++ +?+++~
++,,,,,,,, ,
,,
,,,,,,,, 

!.Total current liabilities..~
....~
... .
~
...
.~
....~
....~
.>.//////// /
//
////////0000000000 0
000
000000000001Deferred income taxes11~
1` 111 1?11 1
1?11
1~
1f111 1?111~
1* 1#2Decommissioning liabilities22 2?222 2?22 2
~
2za22
2 2?222 2?222~
2za23Longterm debt33 3?333~
3}*33 3
3?33
3~
3333 3?333~
3g+3+4#Intercompany payables/(receivables)44~
4r444~
4z44 4
~
4#44
4~
4VZ444~
4444 4?4#5Other longterm liabilities55~
5x555~
5&55 5
5?55
5~
5555 5?555~
5O56666666666 6
666
666666666667Stockholders? equity:777777777 7
777
77777777777*8"Preferred stock of $.01 par value.88 8?888 8?88 8
8?88
8 8?888 8?888 8?8(9 Common stock of $.001 par value.99~
9F999 9?99 9
9?99
9~
9999~
9
999~
9F9":Additional paid in capital::~
::::~
::: :
:?::
:~
::::~
:&:::~
::.;&Accumulated other comprehensive income;; ;?;;; ;?;; ;
~
;;;
;~
;*;;; ;?;;;~
;ڍ;<(loss)#=Retained earnings (deficit)==~
=Rb===~
=== =
~
=r&A==
=~
=6=== =?===~
=F"=>>>>>>>> >
>>
>>>>>>>>?????????? ?
???
???????????D'lTT
b
&OcQO=@ABCDEFGHI"@Total stockholders? equity@@~
@R@@@~
@@@ @
~
@"@@@
@~
@@@@~
@.z@@@~
@;@AAAAAAAA A
AA
AAAAAAAABBBBBBBBBB B
BBB
BBBBBBBBBBB2C*Total liabilities and stockholders? equityC~
CʗCC~
C%CC ~
C
vCC
~
CnzCC~
CFCC~
CŉCDDDDDDDD D
DD
DDDDDDDDEF$G____________________________1H)Created by Morningstar Document Research.0I(http://documentresearch.morningstar.com/`=PF0*8X>
@"$IIHHGGCCCCCC
CCCCCC''''''
''''''""""""
""""""
l IZ = 7C
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }7}$ }
}$ }
}
$ }
}$ }}$ }
}$ }
}$
I
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Non
Guarantor
Guarantor
ParentIssuer
Subsidiaries
SubsidiariesEliminationsConsolidatedASSETS
Current assets:
!Cash and cash equivalents
$?~
" ~
~
`
$?~
` Accounts receivable, net ?~
:
~
V
~
zg~
F~
Income taxes receivable~
*q ?
?
?~
~
)+#Current portion of notes receivable ? ?
~
? ?~
Prepaid expenses ?~
J
~
~
?~
Other current assets ?~
~
"w
~
?~
Total current assets~
*q~
W
~
~
~
6~
.
*"Property, plant and equipment, net ?~
(
~
:
~
?~
1
Goodwill, net ? ?
~
~
R ?~
>$Notes receivable ? ?
~
&
? ?~
&!Equitymethod investments~
~
N#
~
.
?~
:V~
n.&Intangible and other longterm assets, ?~
>t
~
+
~
?~
netDlui]1%^Ucwg9 !"#$%&'()*+,./0123456789:;<=>?
!!!!!!!!!! !
!!!
!!!!!!!!!!!"Total assets"~
"""~
"""" ~
"
f""
~
"m ""~
"n&""~
"hr"######## #
##
########,$$LIABILITIES AND STOCKHOLDERS? EQUITY$$$$$$$$$ $
$$$
$$$$$$$$$$$%%%%%%%%%% %
%%%
%%%%%%%%%%%&Current liabilities:&&&&&&&&& &
&&&
&&&&&&&&&&&'Accounts payable'
'$?''~
'V'' ~
'
''
~
'C''~
'F''~
''(Accrued expenses((~
((((~
(i(( (
~
(f((
(~
(
((( (?(((~
(2_()Income taxes payable)) )?))) )?)) )
)?))
)~
)H)))~
)))) )?)6*.Current portion of decommissioning liabilities** *?*** *?** *
~
*:%**
* *?*** *?***~
*:%*,+$Current maturities of longterm debt++ +?+++ +?++ +
+?++
+~
++++ +?+++~
++,,,,,,,, ,
,,
,,,,,,,, 

!.Total current liabilities..~
....~
.z.. .
~
.B..
.~
.V...~
.6...~
..//////// /
//
////////0000000000 0
000
000000000001Deferred income taxes11~
1111 1?11 1
1?11
1~
14111 1?111~
1.1#2Decommissioning liabilities22 2?222 2?22 2
~
2P22
2 2?222 2?222~
2P23Longterm debt33 3?333~
3v*33 3
3?33
3~
3333 3?333~
3Fm+3+4#Intercompany payables/(receivables)44~
4P444~
4&44 4
~
4/44
4~
4No444~
4^444 4?4#5Other longterm liabilities55~
5`555~
5"55 5
5?55
5 5?555 5?555~
556666666666 6
666
666666666667Stockholders? equity:777777777 7
777
77777777777*8"Preferred stock of $.01 par value.88 8?888 8?88 8
8?88
8 8?888 8?888 8?8(9 Common stock of $.001 par value.99~
9F999 9?99 9
9?99
9~
9999~
9n999~
9F9":Additional paid in capital::~
::::~
::: :
:?::
:~
:C:::~
::::~
::.;&Accumulated other comprehensive income;; ;?;;; ;?;; ;
;?;;
;~
; ;;; ;?;;;~
; ;#<Retained earnings (deficit)<<~
<Ύ<<<~
<<< <
~
<%<<
<~
<<<< <?<<<~
<Ƣ<======== =
==
========>>>>>>>>>> >
>>>
>>>>>>>>>>>"?Total stockholders? equity??~
?ʫ???~
??? ?
~
?%??
?~
?
???~
?b???~
?`+?D(lTT
c'PdSR@ABCDEFGH@@@@@@@@ @
@@
@@@@@@@@AAAAAAAAAA A
AAA
AAAAAAAAAAA2B*Total liabilities and stockholders? equityB~
BBB~
B"BB ~
B
fBB
~
Bm BB~
Bn&BB~
BhrBCCCCCCCC C
CC
CCCCCCCCDE$F____________________________1G)Created by Morningstar Document Research.0H(http://documentresearch.morningstar.com/k=PF0*8X>
@"$HHGGFFBBBBBB
BBBBBB''''''
''''''""""""
""""""
l 6&q 2
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }1}$ }U}$ }U}
$ }
}$ }
}$ }
}$ }
}$
6
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Non
Guarantor
Guarantor
ParentIssuer
Subsidiaries
SubsidiariesEliminationsConsolidated,$Oilfield service and rental revenues
$?
$? ~
6K
~
1~
~
6T
Oil and gas revenues
?
?
~
?
?
~
Total revenues ? ?
~
V
~
1~
~
_
%Cost of oilfield services and rentals ? ?
~
i#
~
^S~
~
&!Cost of oil and gas sales ? ?
~
R
? ?~
R
1)Total cost of services, rentals and sales ? ?
~
Jz'
~
^S~
~
6*
%Depreciation, depletion, amortization ?~
f
~
f
~
?~
w
and accretion+#General and administrative expenses~
^
~
;
~
S
~
P ?~
Gain on sale of business ?~
t
?
? ?~
t
Dlui]1%Gc7 <B !"#$%&'()*+,./012345 Income from operations ~
~
.
~
~
? ~
n !!!!!!!! !
!!
!!!!!!!!"""""""""" "
"""
"""""""""""#Other income (expense):######### #
###
###########$Interest expense, net$$ $?$$$~
$$$ $
~
$$$
$~
$$$$ $?$$$~
$^$%Interest income%% %?%%%~
%>%% %
~
%%%
%~
%%%% %?%%%~
%,%,&$Earnings (losses) from equitymethod&& &?&&&~
&.&& &
~
&&&
& &?&&& &?&&&~
&&'investments(((((((( (
((
(((((((()))))))))) )
)))
)))))))))))"*Income before income taxes**~
****~
*JR** *
~
*ڙ**
*~
**** *?***~
*e*++++++++++ +
+++
+++++++++++,Income taxes,,~
,",,, ,?,, ,
,?,,
,~
,,,, ,?,,,~
,2= , 

.......... .
...
.........../Net income (loss)/~
///~
/JR// ~
/
ڙ//
~
/h//
/$?//~
/(/00000000 0
00
0000000012$3____________________________14)Created by Morningstar Document Research.05(http://documentresearch.morningstar.com/0`w`P]=PF0*8X>
@554433//////
//////
l 5ܳ
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }1}$ }U}$ }U}
$ }
}$ }
}$ }
}$ }
}$
5
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Non
Guarantor
Guarantor
ParentIssuer
Subsidiaries
SubsidiariesEliminationsConsolidated,$Oilfield service and rental revenues
$?
$? ~
~5
~
Υ~
J~
:
Oil and gas revenues
?
?
~
?
?
~
Total revenues ? ?
~
<
~
Υ~
J~
B
%Cost of oilfield services and rentals ? ?
~
~
~
J~
V!Cost of oil and gas sales ? ?
~
2F
? ?~
2F
1)Total cost of services, rentals and sales ? ?
~
~
~
J~
]
%Depreciation, depletion, amortization ?~
~
J'
~
?~
and accretion+#General and administrative expenses~
~
~
2
~
?~
G
Income from operations~
.~
9
~
~
nE ?~
fWDlui]1%Gc7 <B^ !"#$%&'()*+,./01234
!!!!!!!!!! !
!!!
!!!!!!!!!!!"Other income (expense):""""""""" "
"""
"""""""""""#Interest expense, net## #?###~
#&## #
~
###
#~
#### #?###~
#j#$Interest income$$ $?$$$~
$($$ $
~
$$$
$~
$$$$ $?$$$~
$H$,%$Loss on early extinguishment of debt%% %?%%%~
%2;%% %
%?%%
% %?%%% %?%%%~
%2;%/&'Earnings from equitymethod investments&& &?&&&~
&^&& &
~
&[&&
& &?&&& &?&&&~
&\&'''''''' '
''
''''''''(((((((((( (
(((
(((((((((((")Income before income taxes))~
).)))~
)R)) )
~
)L))
)~
)8))) )?)))~
))********** *
***
***********+Income taxes++~
++++ +?++ +
+?++
+~
+֘+++ +?+++~
+R+,,,,,,,, ,
,,
,,,,,,,, 

.Net income (loss).~
..>..~
.R.. ~
.
L..
~
.
..
.$?..~
.F}.//////// /
//
////////01$2____________________________13)Created by Morningstar Document Research.04(http://documentresearch.morningstar.com/.biYf=PF0*8X>
@443322......
......
l 7 /
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }8}$ }U}$ }}
$ }}$ }}$ }
}$ }}$
7
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Non
Guarantor
Guarantor
ParentIssuer
Subsidiaries
SubsidiariesEliminationsConsolidated,$Oilfield service and rental revenues
$?
$? ~
>%
~
~
Jh~
(
Oil and gas revenues
?
?
~
?
?
~
Total revenues ? ?
~
:)
~
~
Jh~
,
%Cost of oilfield services and rentals ? ?
~
~
r~
Jh~
b'!Cost of oil and gas sales ? ?
~
? ?~
1)Total cost of services, rentals and sales ? ?
~
Z
~
r~
Jh~
%Depreciation, depletion, amortization ? ?
~
f
~
t ?~
"s
and accretion+#General and administrative expenses~
2~
~
7
~
n ?~
$Reduction in value of assets ? ?
~
Jm
? ?~
Jm Gain on sale of business ? ?
~
b7
? ?~
b7
Dlui]1%Gc7 <C !"#$%&'()*+,./0123456
!Income from operations!!~
!!!!~
!.6!! !
~
!!!
!~
!!!! !?!!!~
!!"""""""" "
""
""""""""########## #
###
###########$Other income (expense):$$$$$$$$$ $
$$$
$$$$$$$$$$$%Interest expense, net%% %?%%%~
%^%% %
~
%%%
%~
%&%%% %?%%%~
%j%&Interest income&& &?&&&~
&&& &
~
&&&
&~
&&&& &?&&&~
&f"&/''Earnings from equitymethod investments'' '?''' '?'' '
'?''
'~
'''' '?'''~
''7(/Reduction in value of equity method investment(( (?((( (?(( (
(?((
(~
(z((( (?(((~
(z()))))))) )
))
))))))))********** *
***
***********"+Income before income taxes++~
++++~
+b++ +
~
+++
+~
++++ +?+++~
+x+,,,,,,,,,, ,
,,,
,,,,,,,,,,,Income taxes~
v
 ? 
?
~
F ?~
rT........ .
..
........////////// /
///
///////////0Net income (loss)0~
0^00~
0b00 ~
0
00
~
000
0$?00~
0N$011111111 1
11
1111111123$4____________________________15)Created by Morningstar Document Research.06(http://documentresearch.morningstar.com/2Rw4IY4#=PF0*8X>
@665544000000
000000
l W4
WS
d
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }U5}$ }}$ }U}
$ }I}$ }}$ }
}$
W
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Guarantor
NonGuarantor
Parent
Issuer
Subsidiaries
Subsidiaries
Consolidated
%Cash flows from operating activities:
Net income (loss)~
~
JR
~
ڙ
~
h~
(.
&Adjustments to reconcile net income to
0(net cash provided by (used in) operatingactivities:%Depreciation, depletion, amortization ?~
f
~
f
~
~
w
and accretionDeferred income taxes~
N ?
?
~
~
:.&Stockbased and performance share unit ?~
?
?~
compensation expense,$(Earnings) losses from equitymethod ?~
~
.
?~
investments.&Amortization of debt acquisition costs ?~
6
?
?~
6and note discount Gain on sale of business ?~
?
?~
4,Changes in operating assets and liabilities,
%net of acquisitions and dispositions:Receivables ?~
&
~
{
~
~
sAccounts payable ?~
~
ʂ
~
~
Accrued expenses~
~
&
~
[
~
~
v#Decommissioning liabilities ? ?
~
?~
Dilui]asb{Y%iA*p`K !"#$%&'()*+,./0123456789:;<=>? Income taxes ~
` ?
?
~
$ ~
2 !
Other, net!!~
!!!!~
!+!! !
~
!!!
!~
!!!!~
!q!"""""""" "
""
"""""########## #
###
#######0$(Net cash provided by (used in) operating$$~
$$$$~
$"$$ $
~
$#$$
$~
$$$$~
$` $%
activities&&&&&&&& &
&&
&&&&&'''''''''' '
'''
'''''''(%Cash flows from investing activities:((((((((( (
(((
((((((())!Payments for capital expenditures)) )?)))~
))) )
~
)))
)~
)`)))~
))/*'Acquisitions of businesses, net of cash** *?***~
*** *
*?**
*~
*~****~
*:*+acquired/,'Acquisitions of oil and gas properties,,, ,?,,, ,?,, ,
~
,,,
, ,?,,,~
,,net of cash acquired0.(Cash proceeds from the sale of business,.. .?...~
... .
.?..
. .?...~
../net
0Other00 0?000~
000 0
0?00
0 0?000~
00)1!Intercompany receivables/payables11~
1^111~
1F11 1
~
1~11
1~
18111 1?122222222 2
22
222223333333333 3
333
333333304(Net cash provided by (used in) investing44~
4^444~
444 4
~
444
4~
4z444~
4W45
activities66666666 6
66
666667777777777 7
777
77777778%Cash flows from financing activities:888888888 8
888
8888888,9$Principal payments on longterm debt99 9?999 9?99 9
9?99
9~
9Z999~
9Z9):!Payment of debt acquisition costs:: :?:::~
::: :
:?::
: :?:::~
::/;'Proceeds from exercise of stock options;;~
;;;; ;?;; ;
;?;;
; ;?;;;~
;;2<*Tax benefit from exercise of stock options<<~
<<<< <?<< <
<?<<
< <?<<<~
<</='Proceeds from issuance of stock through==~
==== =?== =
=?==
= =?===~
==>employee benefit plans(? Purchase and retirement of stock??~
?Z??? ???? ?
????
? ?????~
?Z?Dl $ $tT),0,0mC@ABCDEFGHIJKLMNOPQRSTUV@@@@@@@@ @
@@
@@@@@AAAAAAAAAA A
AAA
AAAAAAA0B(Net cash provided by (used in) financingBB~
BBBB~
BBB B
B?BB
B~
BZBBB~
BBC
activitiesDDDDDDDD D
DD
DDDDDEEEEEEEEEE E
EEE
EEEEEEE/F'Effect of exchange rate changes on cashFF F?FFF F?FF F
F?FF
F~
FFFF~
FFGGGGGGGG G
GG
GGGGGHHHHHHHHHH H
HHH
HHHHHHH0I(Net increase (decrease) in cash and cashII I?III~
IvII I
~
I:II
I~
IrBIII~
IIJequivalentsKKKKKKKKKK K
KKK
KKKKKKK.L&Cash and cash equivalents at beginningLL L?LLL~
L"LL L
~
LLL
L~
L`LLL~
L`LMof yearNNNNNNNN N
NN
NNNNNOOOOOOOOOO O
OOO
OOOOOOO0P(Cash and cash equivalents at end of yearP
P$?PP~
PPP ~
P
PP
~
P^PP~
P'PQQQQQQQQ Q
QQ
QQQQQRS$T____________________________1U)Created by Morningstar Document Research.0V(http://documentresearch.morningstar.com/2@DAE[_2!%3sg[3=PF0*8X>
@VVUUTTPPPPPP
PPPP
l X
h
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }U5}$ }}$ }I}
$ }
}$ }
}$ }
}$
X
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Non
Guarantor
Guarantor
ParentIssuer
Subsidiaries
SubsidiariesConsolidated%Cash flows from operating activities:
Net income (loss)
~
.>
~
R
~
L
~
~
F}
.&Adjustments to reconcile net income to
0(net cash provided by (used in) operatingactivities:%Depreciation, depletion, amortization ?~
~
J'
~
~
and accretionDeferred income taxes~
?
?
~
6~
.&Stockbased and performance share unit ?~
>`
?
?~
>`compensation expense/'Earnings from equitymethod investments ?~
~
R
?~
+#Writeoff of debt acquisition costs ?~
,
?
?~
,.&Amortization of debt acquisition costs ?~
?
?~
and note discount4,Changes in operating assets and liabilities,
%net of acquisitions and dispositions:Receivables ?~
~
}
~
~
ZAccounts payable ?~
~
ZI
~
$~
nqAccrued expenses~
~
f
~
~
~
Υ#Decommissioning liabilities ? ?
~
?~
D8lui]ay~M6f@ !"#$%&'()*+,./0123456789:;<=>? Income taxes ~
v ?
?
~
 ~
3 !
Other, net!!~
!!!!~
!!! !
~
!&!!
!~
!jQ!!!~
!!"""""""" "
""
"""""########## #
###
#######0$(Net cash provided by (used in) operating$$~
$+$$$~
$`$$ $
~
$R$$
$~
$b$$$~
$Z$%
activities&&&&&&&& &
&&
&&&&&'''''''''' '
'''
'''''''(%Cash flows from investing activities:((((((((( (
(((
((((((())!Payments for capital expenditures)) )?)))~
)~)) )
~
)=))
)~
))))~
)",)/*'Acquisitions of businesses, net of cash** *?***~
*Vd** *
*?**
* *?***~
*Vd*+acquired/,'Acquisitions of oil and gas properties,,, ,?,,, ,?,, ,
~
,f',,
, ,?,,,~
,f',net of cash acquired0.(Cash proceeds from sale of business, net.. .?...~
... .
.?..
. .?...~
..4/,Cash contributed to equitymethod investment// /?/// /?// /
~
/.y//
/ /?///~
/.y/
0Other00 0?000~
0&00 0
~
000
0 0?000~
0*0)1!Intercompany receivables/payables11~
1z111~
1.11 1
~
1411
1~
1x111 1?122222222 2
22
222223333333333 3
333
333333304(Net cash provided by (used in) investing44~
4z444~
4K44 4
~
444
4~
4^444~
4z45
activities66666666 6
66
666667777777777 7
777
77777778%Cash flows from financing activities:888888888 8
888
8888888$9Proceeds from longterm debt99 9?999~
9r*99 9
9?99
9 9?999~
9r*9,:$Principal payments on longterm debt:: :?:::~
::: :
:?::
:~
:Z:::~
:Z:);!Payment of debt acquisition costs;; ;?;;;~
;.;; ;
;?;;
; ;?;;;~
;.;<Purchase of option<<~
<$<<< <?<< <
<?<<
< <?<<<~
<$<=Sale of warrant==~
=¯=== =?== =
=?==
= =?===~
=¯=/>'Proceeds from exercise of stock options>>~
>+>>> >?>> >
>?>>
> >?>>>~
>+>2?*Tax benefit from exercise of stock options??~
?V??? ???? ?
????
? ?????~
?V?Dz l $ $uU*o]@ABCDEFGHIJKLMNOPQRSTUVW(@ Purchase and retirement of stock@@~
@<@@@ @?@@ @
@?@@
@ @?@@@~
@<@AAAAAAAA A
AA
AAAAABBBBBBBBBB B
BBB
BBBBBBB0C(Net cash provided by (used in) financingCC~
CQCCC~
CCC C
C?CC
C~
CZCCC~
CdCD
activitiesEEEEEEEE E
EE
EEEEEFFFFFFFFFF F
FFF
FFFFFFF/G'Effect of exchange rate changes on cashGG G?GGG G?GG G
G?GG
G~
GGGG~
GGHHHHHHHH H
HH
HHHHHIIIIIIIIII I
III
IIIIIII0J(Net increase (decrease) in cash and cashJJ J?JJJ~
JJJ J
~
JjJJ
J~
JJJJ~
JJKequivalentsLLLLLLLLLL L
LLL
LLLLLLL.M&Cash and cash equivalents at beginningMM M?MMM~
MNMM M
~
Mv/MM
M~
MMMM~
MRMNof yearOOOOOOOO O
OO
OOOOOPPPPPPPPPP P
PPP
PPPPPPP0Q(Cash and cash equivalents at end of yearQ
Q$?QQ~
Q"QQ ~
Q
QQ
~
Q`QQ~
Q`QRRRRRRRR R
RR
RRRRRST$U____________________________1V)Created by Morningstar Document Research.0W(http://documentresearch.morningstar.com/49!"8<PD8=PF0*8X>
@WWVVUUQQQQQQ
QQQQ
l V
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }7}$ }U}$ }
}
$ }}$ }
}$ }}$
V
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Non
Guarantor
Guarantor
ParentIssuer
Subsidiaries
SubsidiariesConsolidated%Cash flows from operating activities:
Net income (loss)
~
^
~
b
~
~
~
N$
.&Adjustments to reconcile net income to
0(net cash provided by (used in) operatingactivities:%Depreciation, depletion, amortization ? ?
~
f
~
t~
"s
and accretionDeferred income taxes~
?
?
~
~
.&Stockbased and performance share unit ?~
?
?~
compensation expense6.Reduction in value of assets and equitymethod ? ?
~
Jm
~
~
Ҁ
investment/'Earnings from equitymethod investments ? ?
?
~
~
.&Amortization of debt acquisition costs ?~
?
?~
and note discount Gain on sale of business ? ?
~
?~
4,Changes in operating assets and liabilities,
%net of acquisitions and dispositions:Receivables ?~
Z
~
~
~
Accounts payable ?~
~
Z
~
~
YD?lui]ay~M6
`J f !"#$%&'()*+,./0123456789:;<=>? Accrued expenses ~
2 ~
(
~
2
~
6 ~
#!Decommissioning liabilities!! !?!!! !?!! !
~
!v!!
! !?!!!~
!v!"Income taxes""~
"z""" "?"" "
"?""
"~
""""~
"f"#
Other, net## #?###~
### #
~
#n)##
#~
#~###~
#J#$$$$$$$$ $
$$
$$$$$%%%%%%%%%% %
%%%
%%%%%%%0&(Net cash provided by (used in) operating&&~
&&&&~
&Z;&& &
~
&nt&&
&~
&i&&&~
& &'
activities(((((((( (
((
((((()))))))))) )
)))
)))))))*%Cash flows from investing activities:********* *
***
*******)+!Payments for capital expenditures++ +?+++ +?++ +
~
+,++
+~
+/+++~
+J\+/,'Acquisitions of businesses, net of cash,, ,?,,,~
,v,, ,
,?,,
, ,?,,,~
,v,acquired/.'Acquisitions of oil and gas properties,.. .?... .?.. .
~
.9..
. .?...~
.9./net of cash acquired00(Cash proceeds from the sale of business,00 0?000 0?00 0
~
0200
0 0?000~
0201net02(Cash proceeds from sale of equitymethod22 2?222 2?22 2
2?22
2~
2&222~
2&23
investment
4Other44 4?444~
444 4
~
444
4 4?444~
44)5!Intercompany receivables/payables55~
5FS555~
5Ҷ55 5
~
555
5~
5)555 5?566666666 6
66
666667777777777 7
777
777777708(Net cash provided by (used in) investing88~
8FS888~
8><88 8
~
86j88
8~
8888~
8f89
activities:::::::: :
::
:::::;;;;;;;;;; ;
;;;
;;;;;;;<%Cash flows from financing activities:<<<<<<<<< <
<<<
<<<<<<<,=$Principal payments on longterm debt== =?===~
=r== =
=?==
=~
=Z===~
=ʙ=)>!Payment of debt acquisition costs>> >?>>>~
>&>> >
>?>>
> >?>>>~
>&>/?'Proceeds from exercise of stock options??~
???? ???? ?
????
? ?????~
??DZlmC#yyt@ABCDEFGHIJKLMNOPQRSTU@@@@@@@@ @
@@
@@@@@AAAAAAAAAA A
AAA
AAAAAAA0B(Net cash provided by (used in) financingBB~
BBBB~
BBB B
B?BB
B~
BZBBB~
BBC
activitiesDDDDDDDD D
DD
DDDDDEEEEEEEEEE E
EEE
EEEEEEE/F'Effect of exchange rate changes on cashFF F?FFF F?FF F
F?FF
F~
FbFFF~
FbFGGGGGGGG G
GG
GGGGGHHHHHHHHHH H
HHH
HHHHHHHINet increase in cashII I?III~
I*II I
~
III
I~
IZnIII~
I"dIJJJJJJJJJJ J
JJJ
JJJJJJJ.K&Cash and cash equivalents at beginningKK K?KKK~
Kr7KK K
~
KPKK
K~
KfKKK~
KKL of periodMMMMMMMM M
MM
MMMMMNNNNNNNNNN N
NNN
NNNNNNN2O*Cash and cash equivalents at end of periodO
O$?OO~
ONOO ~
O
v/OO
~
OOO~
OROPPPPPPPP P
PP
PPPPPQR$S____________________________1T)Created by Morningstar Document Research.0U(http://documentresearch.morningstar.com/0@DAE[_FJ
JNZZ=PF0*8X>
@UUTTSSOOOOOO
OOOO
l 27
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$4}$ }
}$ }}$

$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates. Crude Oil Natural Gas
(Mbbls)
(Mmcf)2*Proveddeveloped and undeveloped reserves:December 31, 2004~
~
%
Purchase of reserves in place
~
~

Revisions~
2~
J
Production~
~
December 31, 2005~
>~
"r3+Purchase of reserves in place and additions~
~
Revisions~
~
Production~
&~
VDecember 31, 2006~
{~
,2*Purchase and sale of reserves in place and~
~
:k additions Revisions~
~
b
Production~
~
vtD
lui]XA;Uhan ! " # $ % & ' ( ) * + , !December 31, 2007!!~
!Vz!!!~
!&!"""""""""#########"$Proveddeveloped reserves:$$$$$$$$%December 31, 2005%%~
%
v%%%~
%S%&December 31, 2006&&~
&h&&&~
&&'December 31, 2007''~
've'''~
''()$*____________________________1+)Created by Morningstar Document Research.0,(http://documentresearch.morningstar.com/{;42&=PF0*8X>
@:,,++**
l N
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }m)}$ }}$ }}
$ }}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008!Proved Reserve Estimates.
Years Ended December 31,
~
^
~
Z
~
V
*"Acquisition of properties ? proved~
z~
~
ތDevelopment costs~
~
~
n6
Total costs incurred~
zo~
~
J
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0ui]y[0~rJ=PF0*8X>
@j
l j
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }1}$ }I}$ }I}
$ }I}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves
~
^ ~
Z ~
V
Future cash inflows
~
?
~
B)
~
Z0
Future production costs~
Q~
Ґ
~
0(Future development and abandonment costs~
~
S
~
!
Future income tax expense
~
~
V
~
:
0(Future net cash flows after income taxes~
v~
~
n0(10% annual discount for estimated timing~
~
.
~
of cash flows
1)Standardized measure of discounted future~
~
~
Ƅnet cash flows
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0MA5)~@,bk2&=PF0*8X>
@b
l #
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!Standardized Measure of Discoun!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }2}$ }I}$ }
}
$ }
}$
#
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves
~
^ ~
Z ~
V
Beginning of the period
~
~
Ƅ
~
T
2*Sales and transfers of oil and natural gas~
~
¡
~
)!produced, net of production costs2
*Net changes in prices and production costs
~
r
~
>
~
'Revisions of quantity estimates~
~
~
jC"Development costs incurred~
&I~
~
n6.&Changes in estimated development costs~
f~
~
~/"Extensions and discoveries~
y~
@
?/'Purchase and sales of reserves in place~
~
J
~
0(Changes in production rates (timing) and~
~
~
q
otherAccretion of discount~
K~
~
Y"Net change in income taxes~
F~
~
J#
Net increase~
~
d
~
/
End of period~
~
~
Ƅ
DlMA5)z8p"Z&d=
!
"
$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/
(=PF0*8X>
@b""!!
l ͦ
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }8

$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves(a) (1) Financial Statements
.
&The following financial statements are1)included in Part II of this Annual Report
on Form 10K:
/'Management?s Report on Internal Control over Financial Reporting/'Report of Independent Registered Public7/Accounting Firm ? Audit of Financial Statements/'Report of Independent Registered Public3+Accounting Firm ? Audit of Internal Control over Financial Reporting2*Consolidated Balance Sheets ? December 31,
2007 and 2006%Consolidated Statements of Operations3+for the years ended December 31, 2007, 2006and 2005%Consolidated Statements of Changes inD9lMA5)G
w,3l` !"#$%&'()*+, 0 (Stockholders? Equity for the years ended!!(! December 31, 2007, 2006 and 2005"###%Consolidated Statements of Cash Flows$$3$+for the years ended December 31, 2007, 2006%%%and 2005&''2'*Notes to Consolidated Financial Statements()$*____________________________1+)Created by Morningstar Document Research.0,(http://documentresearch.morningstar.com/gpdF:.=PF0*8X>
@,,++**
l E
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!Standardized Measure of Discoun!Standardized Measure of Dis (1)!Standardized Measure of Dis (2)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$ }U}$ }I"
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves~
$Financial Statement Schedule
.
&Schedule II ? Valuation and Qualifying1)Accounts for the years ended December 31,2007, 2006 and 2005
/'All other schedules are omitted because/'they are not applicable or the required3+information is included in the consolidated.&financial statements or notes thereto.~
Exhibits$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6MA5)P%X=PF0*8X>
@R
l ,
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }I;
,
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
@91Agreement and Plan of Merger, dated September 22,7/2006, by and among the Company, SPN Acquisition
9
1Sub, Inc. and Warrior Energy Services Corporation80(incorporated herein by reference to Exhibit 2.12*the Company?s Form 8K filed September 25,~
Z@3+Certificate of Incorporation of the Company0((incorporated herein by reference to the1)Company?s Quarterly Report on Form 10QSB.&for the quarter ended March 31, 1996). @2*Amended and Restated Bylaws of the Company/'(as amended through September 12, 2007)91(incorporated herein by reference to Exhibit 3.1180to the Company?s Form 8K filed on September 18,~
^ffffff
@1)Certificate of Amendment to the Company?s2*Certificate of Incorporation (incorporated6.herein by reference to the Company?s QuarterlyD lMA5)LPc\hw !"#$%&'()*+ 1 )Report on Form 10Q for the quarter ended!!!June 30, 1999)."""#ffffff@#0#(Specimen Stock Certificate (incorporated$$1$)herein by reference to Amendment No. 1 to%%9%1the Company?s Form S4 on Form SB2 (Registration&&!&Statement No. 3394454)).'($)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/n\
h+=PF0*8X>
@++**))
l elY?
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }y<
e
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
@0(Indenture, dated May 22, 2006, among the%Company, SESI, L.L.C., the guarantors
3
+identified therein and The Bank of New York5Trust Company, N.A., as trustee (incorporated1)herein by reference to Exhibit 4.2 to the/'Company?s Form 8K filed May 23, 2006),%as amended by Supplemental Indenture,5dated December 12, 2006, by and among Warrior2*Energy Services Corporation, SESI, L.L.C.,/'the other Guarantors (as defined in the.&Indenture referred to therein) and The0(Bank of New York Trust Company, N.A., as1)trustee (incorporated herein by reference1)to Exhibit 4.1 to the Company?s 8K filed2*December 13, 2006 for the period beginning.&December 12, 2006), as further amended6.by Supplemental Indenture, dated September 13,1)2007 but effective as of August 29, 2007,4,by and among AOS, SESI, the other Guarantors0((as defined in the Indenture referred to.&therein) and the Trustee (incorporatedD,
lMA5)Ul:Wq#: !"#$%&'()*+,./0123456789:;<=>? 1 )herein by reference to Exhibit 4.1 to the!!1!)Company?s Form 8K filed on September 18,""~
"^###$333333@$.$&Indenture, dated December 12, 2006, by%%0%(and among the Company, SESI, L.L.C., the&&0&(guarantors named therein and The Bank of''0'(New York Trust Company, N.A., as trustee((8(0(incorporated herein by reference to Exhibit 4.1))4),to the Company?s Form 8K filed December 13,**1*)2006 for the period beginning December 7,++4+,2006), as amended by Supplemental Indenture,,,5,dated December 12, 2006, by and among Warrior2*Energy Services Corporation, SESI, L.L.C.,../.'the other Guarantors (as defined in the//./&Indenture referred to therein) and The0000(Bank of New York Trust Company, N.A., as1111)trustee (incorporated herein by reference2202(to Exhibit 4.2 to the Company?s Form 8K33.3&filed December 13, 2006 for the period4404(beginning December 12, 2006), as further5505(amended by Supplemental Indenture, dated66961September 13, 2007 but effective as of August 29,77:722007, by and among AOS, SESI, the other Guarantors8808((as defined in the Indenture referred to99.9&therein) and the Trustee (incorporated::1:)herein by reference to Exhibit 4.2 to the;;;%Company?s Form 8K filed on September<<<
18, 2007).===>333333$@>6>.Amended and Restated Superior Energy Services,??4?,Inc. 1995 Stock Incentive Plan (incorporatedDlf@4DVs'DWk@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@9@1herein by reference to Exhibit A to the Company?sAA1A)Definitive Proxy Statement dated June 25,BB~
B6CCCDffffff$@D3D+First Amended and Restated Credit AgreementEE0E(dated July 1, 2007 among Superior EnergyFF.F&Services, Inc., SESI, L.L.C., JPMorganGG6G.Chase Bank, N.A. and the lenders party theretoHH9H1(incorporated herein by reference to Exhibit 10.1II2I*to the Company?s Form 8K filed on July 6,JJ~
J^KKKL$@L2L*Wreck Removal Contract, dated December 31,MM3M+2007, by and among Wild Well Control, Inc.,NN.N&BP America Production Company, ChevronOO2O*U.S.A. Inc. and GOM Shelf LLC (The CompanyPP/P'agrees to furnish supplementally a copyQQ8Q0of any omitted exhibits to the SEC upon request)RR9R1(incorporated herein by reference to Exhibit 10.1SS5Sto the Company?s Form 8K filed on January 4,TT~
TbUUUV$@VV%Employment Agreement between SuperiorWW3W+Energy Services, Inc. and Patrick J. Zuber,XX2X*dated January 1, 2008 (incorporated hereinYY5Yby reference to Exhibit 10.1 to the Company?sZZ+Z#Form 8K filed on January 7, 2008).[[[\%@\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).DIl^8s)4GdjD 4x&`abcd`a$b____________________________1c)Created by Morningstar Document Research.0d(http://documentresearch.morningstar.com/
P=PF0*8X>
@ddccbb
l Z!x6
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }=
Z
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
333333%@4,Superior Energy Services, Inc. 2007 Employee0(Stock Purchase Plan (incorporated herein
5
by reference to Exhibit 10.1 to the Company?s( Form 8K filed on May 24, 2007).ffffff%@%Form of Employment Agreement executed2*by Superior Energy Services, Inc. and each0(of Alan P. Bernard, Lynton G. Cook, III,0(James A. Holleman, Gregory L. Miller and.&Danny R. Young (incorporated herein by2*reference to Exhibit 10.2 to the Company?s( Form 8K filed on June 6, 2007).%@%Employment Agreement between Superior0(Energy Services, Inc. and Charles Hardy,2*dated January 1, 2008 (incorporated herein5by reference to Exhibit 10.2 to the Company?s+#Form 8K filed on January 7, 2008).%@1)Superior Energy Services, Inc. 1999 Stock.&Incentive Plan (incorporated herein byD lMA5)QpLc;.r !"#$%&'()*+,./0123456789:;<=>? 0 (reference to the Company?s Annual Report!!4!,on Form 10K for the year ended December 31,""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).((()333333$@)0)(Employment Agreement between the Company**0*(and Terence E. Hall (incorporated herein++3++by reference to the Company?s Annual Report,,4,,on Form 10K for the year ended December 31,3+1999), as amended by Letter Agreement dated..1.)November 12, 2004 between the Company and//,/$Terence E. Hall (incorporated herein0050by reference to Exhibit 10.1 to the Company?s111%Form 8K filed on November 15, 2004).2223Q8$@363.Amended and Restated Superior Energy Services,4444,Inc. 2002 Stock Incentive Plan (incorporated5535+herein by reference to the Company?s Annual66;63Report on Form 10K for the year ended December 31,77/7'2003), as amended by First Amendment to8818)Superior Energy Services, Inc. 2002 Stock9939+Incentive Plan, effective as of December 7,::.:&2004 (incorporated herein by reference;;1;)to Exhibit 10.1 to the Company?s Form 8K<<$<filed on December 20, 2004).===>=
ףp=$@>3>+Superior Energy Services, Inc. Nonqualified??0?(Deferred Compensation Plan (incorporatedDld2/D`JT m#r@ABCDEFGHIJKLMNOPQRSTUVWXY@@3@+herein by reference to the Company?s AnnualAA;A3Report on Form 10K for the year ended December 31,BB~
BRCCCD(\B$@D1D)Superior Energy Services, Inc. 2005 StockEE.E&Incentive Plan (incorporated herein byFF0F(reference to Appendix A to the Company?sGG2G*Definitive Proxy Statement dated April 18,HH~
HVIIIJHzG$@J6J.Amended and Restated Superior Energy Services,KK2K*Inc. 2004 Directors Restricted Stock UnitsLL.L&Plan (incorporated herein by referenceMM1M)to Appendix B to the Company?s DefinitiveNN.N&Proxy Statement dated April 20, 2006).OOOPL$@P2P*Purchase and Sale Agreement, dated May 15,QQ/Q'2006, by and between Noble Energy, Inc.RR.R&and Coldren Resources LP (incorporatedSS2S*herein by reference to Exhibit 10.1 to theTT/T'Company?s Form 8K filed May 17, 2006).UV$W____________________________1X)Created by Morningstar Document Research.0Y(http://documentresearch.morningstar.com/8OZ4s'7REbVJ"=PF0*8X>
@YYXXWW
l ]N@Zsc
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }=
]
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
RQ$@/'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 betweenD lMA5)V q$?3DmI !"#$%&'()*+,./0123456789:;<=>? 8 0SESI, L.L.C. and Lehman Brothers OTC Derivatives!!.!&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 the0030+Company and Lehman Brothers OTC Derivatives11.1&Inc. (incorporated herein by reference2212)to Exhibit 10.6 to the Company?s Form 8K33830filed December 13, 2006 for the period beginning444December 7, 2006).5556Qk$@666.Form of Performance Share Unit Award Agreement77971(incorporated herein by reference to Exhibit 10.18848,to the Company?s Form 8K filed December 20,99~
9Z:::;q=
ףp$@;4;,Form of Stock Option Agreement for the grant<<0<(of nonqualified stock options under the==1=)Superior Energy Services, Inc. 2005 Stock>>.>&Incentive Plan (incorporated herein by??2?*reference to Exhibit 10.2 to the Company?sDQlbgzV2BW!P`@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\@@*@"Form 8K filed December 20, 2006).AAAB(\u$@B8B0Form of Restricted Stock Agreement (incorporatedCC2C*herein by reference to Exhibit 10.3 to theDD4D,Company?s Form 8K filed December 20, 2006).EEEF333333,@F9F1Code of business ethics and conduct (incorporatedGG3G+herein by reference to the Company?s AnnualHH;H3Report on Form 10K for the year ended December 31,II~
INJJJ
K21.1*K$KSubsidiaries of the Company.LLL
M23.1*MMConsent of KPMG LLP.NNN
O23.2*O,O$Consent of DeGolyer and MacNaughton.PPP
Q31.1*Q;Q3Officer?s certification pursuant to Rules 13a14(a)RR3R+and 15d14(a) under the Securities ExchangeSS SAct of 1934, as amended.TTT
U31.2*U;U3Officer?s certification pursuant to Rules 13a14(a)VV3V+and 15d14(a) under the Securities ExchangeWW WAct of 1934, as amended.XY$Z____________________________1[)Created by Morningstar Document Research.0\(http://documentresearch.morningstar.com/>0=PF0*8X>
@\\[[ZZ
l 0w
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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 (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }:
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
32.1*80Officer?s certification pursuant to Section 1350%of Title 18 of the U.S. Code.
32.2*80Officer?s certification pursuant to Section 1350%of Title 18 of the U.S. Code.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.MA5)N
OC7=PF0*8X>
@
l Q
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }%}$
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves
Additions
Balance at the
Charged to
Balancebeginning of costs and
Balances from
at the endDescriptionthe yearexpenses
acquisitions
Deductionsof the year%
Year ended December 31, 2007:
'Allowance for doubtful accounts~
.~
; ~
R
~
L~
%Year ended December 31, 2006:
'Allowance for doubtful accounts~
ƴ~
&3 ~
E
~
~~
.
%Year ended December 31, 2005:
'Allowance for doubtful accounts~
~
.8
$?
~
~
ƴ$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8MA5)+/1/#=PF0*8X>
@
l ,M
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }I;
,
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
@91Agreement and Plan of Merger, dated September 22,7/2006, by and among the Company, SPN Acquisition
9
1Sub, Inc. and Warrior Energy Services Corporation80(incorporated herein by reference to Exhibit 2.12*the Company?s Form 8K filed September 25,~
Z@3+Certificate of Incorporation of the Company0((incorporated herein by reference to the1)Company?s Quarterly Report on Form 10QSB.&for the quarter ended March 31, 1996). @2*Amended and Restated Bylaws of the Company/'(as amended through September 12, 2007)91(incorporated herein by reference to Exhibit 3.1180to the Company?s Form 8K filed on September 18,~
^ffffff
@1)Certificate of Amendment to the Company?s2*Certificate of Incorporation (incorporated6.herein by reference to the Company?s QuarterlyD lMA5)LPc\hw !"#$%&'()*+ 1 )Report on Form 10Q for the quarter ended!!!June 30, 1999)."""#ffffff@#0#(Specimen Stock Certificate (incorporated$$1$)herein by reference to Amendment No. 1 to%%9%1the Company?s Form S4 on Form SB2 (Registration&&!&Statement No. 3394454)).'($)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/n\
h+=PF0*8X>
@++**))
l e"
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }y<
e
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
@0(Indenture, dated May 22, 2006, among the%Company, SESI, L.L.C., the guarantors
3
+identified therein and The Bank of New York5Trust Company, N.A., as trustee (incorporated1)herein by reference to Exhibit 4.2 to the/'Company?s Form 8K filed May 23, 2006),%as amended by Supplemental Indenture,5dated December 12, 2006, by and among Warrior2*Energy Services Corporation, SESI, L.L.C.,/'the other Guarantors (as defined in the.&Indenture referred to therein) and The0(Bank of New York Trust Company, N.A., as1)trustee (incorporated herein by reference1)to Exhibit 4.1 to the Company?s 8K filed2*December 13, 2006 for the period beginning.&December 12, 2006), as further amended6.by Supplemental Indenture, dated September 13,1)2007 but effective as of August 29, 2007,4,by and among AOS, SESI, the other Guarantors0((as defined in the Indenture referred to.&therein) and the Trustee (incorporatedD,
lMA5)Ul:Wq#: !"#$%&'()*+,./0123456789:;<=>? 1 )herein by reference to Exhibit 4.1 to the!!1!)Company?s Form 8K filed on September 18,""~
"^###$333333@$.$&Indenture, dated December 12, 2006, by%%0%(and among the Company, SESI, L.L.C., the&&0&(guarantors named therein and The Bank of''0'(New York Trust Company, N.A., as trustee((8(0(incorporated herein by reference to Exhibit 4.1))4),to the Company?s Form 8K filed December 13,**1*)2006 for the period beginning December 7,++4+,2006), as amended by Supplemental Indenture,,,5,dated December 12, 2006, by and among Warrior2*Energy Services Corporation, SESI, L.L.C.,../.'the other Guarantors (as defined in the//./&Indenture referred to therein) and The0000(Bank of New York Trust Company, N.A., as1111)trustee (incorporated herein by reference2202(to Exhibit 4.2 to the Company?s Form 8K33.3&filed December 13, 2006 for the period4404(beginning December 12, 2006), as further5505(amended by Supplemental Indenture, dated66961September 13, 2007 but effective as of August 29,77:722007, by and among AOS, SESI, the other Guarantors8808((as defined in the Indenture referred to99.9&therein) and the Trustee (incorporated::1:)herein by reference to Exhibit 4.2 to the;;;%Company?s Form 8K filed on September<<<
18, 2007).===>333333$@>6>.Amended and Restated Superior Energy Services,??4?,Inc. 1995 Stock Incentive Plan (incorporatedDlf@4DVs'DWk@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@9@1herein by reference to Exhibit A to the Company?sAA1A)Definitive Proxy Statement dated June 25,BB~
B6CCCDffffff$@D3D+First Amended and Restated Credit AgreementEE0E(dated July 1, 2007 among Superior EnergyFF.F&Services, Inc., SESI, L.L.C., JPMorganGG6G.Chase Bank, N.A. and the lenders party theretoHH9H1(incorporated herein by reference to Exhibit 10.1II2I*to the Company?s Form 8K filed on July 6,JJ~
J^KKKL$@L2L*Wreck Removal Contract, dated December 31,MM3M+2007, by and among Wild Well Control, Inc.,NN.N&BP America Production Company, ChevronOO2O*U.S.A. Inc. and GOM Shelf LLC (The CompanyPP/P'agrees to furnish supplementally a copyQQ8Q0of any omitted exhibits to the SEC upon request)RR9R1(incorporated herein by reference to Exhibit 10.1SS5Sto the Company?s Form 8K filed on January 4,TT~
TbUUUV$@VV%Employment Agreement between SuperiorWW3W+Energy Services, Inc. and Patrick J. Zuber,XX2X*dated January 1, 2008 (incorporated hereinYY5Yby reference to Exhibit 10.1 to the Company?sZZ+Z#Form 8K filed on January 7, 2008).[[[\%@\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).DIl^8s)4GdjD 4x&`abcd`a$b____________________________1c)Created by Morningstar Document Research.0d(http://documentresearch.morningstar.com/
P=PF0*8X>
@ddccbb
l Y6X
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }=
Y
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
333333%@4,Superior Energy Services, Inc. 2007 Employee0(Stock Purchase Plan (incorporated herein
5
by reference to Exhibit 10.1 to the Company?s( Form 8K filed on May 24, 2007).ffffff%@%Form of Employment Agreement executed2*by Superior Energy Services, Inc. and each0(of Alan P. Bernard, Lynton G. Cook, III,0(James A. Holleman, Gregory L. Miller and.&Danny R. Young (incorporated herein by2*reference to Exhibit 10.2 to the Company?s'Fom 8K filed on June 6, 2007).%@%Employment Agreement between Superior0(Energy Services, Inc. and Charles Hardy,2*dated January 1, 2008 (incorporated herein5by reference to Exhibit 10.2 to the Company?s+#Form 8K filed on January 7, 2008).%@1)Superior Energy Services, Inc. 1999 Stock.&Incentive Plan (incorporated herein byD lMA5)QpLc<}/s !"#$%&'()*+,./0123456789:;<=>? 0 (reference to the Company?s Annual Report!!4!,on Form 10K for the year ended December 31,""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).((()333333$@)0)(Employment Agreement between the Company**0*(and Terence E. Hall (incorporated herein++3++by reference to the Company?s Annual Report,,4,,on Form 10K for the year ended December 31,3+1999), as amended by Letter Agreement dated..1.)November 12, 2004 between the Company and//,/$Terence E. Hall (incorporated herein0050by reference to Exhibit 10.1 to the Company?s111%Form 8K filed on November 15, 2004).2223Q8$@363.Amended and Restated Superior Energy Services,4444,Inc. 2002 Stock Incentive Plan (incorporated5535+herein by reference to the Company?s Annual66;63Report on Form 10K for the year ended December 31,77/7'2003), as amended by First Amendment to8818)Superior Energy Services, Inc. 2002 Stock9939+Incentive Plan, effective as of December 7,::.:&2004 (incorporated herein by reference;;1;)to Exhibit 10.1 to the Company?s Form 8K<<$<filed on December 20, 2004).==
ףp=$@=3=+Superior Energy Services, Inc. Nonqualified>>0>(Deferred Compensation Plan (incorporated??3?+herein by reference to the Company?s AnnualDld2/D`JT m#A@ABCDEFGHIJKLMNOPQRSTUVWX@@;@3Report on Form 10K for the year ended December 31,AA~
ARBBBC(\B$@C1C)Superior Energy Services, Inc. 2005 StockDD.D&Incentive Plan (incorporated herein byEE0E(reference to Appendix A to the Company?sFF2F*Definitive Proxy Statement dated April 18,GG~
GVHHHIHzG$@I6I.Amended and Restated Superior Energy Services,JJ2J*Inc. 2004 Directors Restricted Stock UnitsKK.K&Plan (incorporated herein by referenceLL1L)to Appendix B to the Company?s DefinitiveMM.M&Proxy Statement dated April 20, 2006).NNNOL$@O2O*Purchase and Sale Agreement, dated May 15,PP/P'2006, by and between Noble Energy, Inc.QQ.Q&and Coldren Resources LP (incorporatedRR2R*herein by reference to Exhibit 10.1 to theSS/S'Company?s Form 8K filed May 17, 2006).TU$V____________________________1W)Created by Morningstar Document Research.0X(http://documentresearch.morningstar.com/6_v(8W3Jq=PF0*8X>
@XXWWVV
l ]")
4
=
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }=
]
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
RQ$@/'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 betweenD lMA5)V q$?3DmI !"#$%&'()*+,./0123456789:;<=>? 8 0SESI, L.L.C. and Lehman Brothers OTC Derivatives!!.!&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 the0030+Company and Lehman Brothers OTC Derivatives11.1&Inc. (incorporated herein by reference2212)to Exhibit 10.6 to the Company?s Form 8K33830filed December 13, 2006 for the period beginning444December 7, 2006).5556Qk$@666.Form of Performance Share Unit Award Agreement77971(incorporated herein by reference to Exhibit 10.18848,to the Company?s Form 8K filed December 20,99~
9Z:::;q=
ףp$@;4;,Form of Stock Option Agreement for the grant<<0<(of nonqualified stock options under the==1=)Superior Energy Services, Inc. 2005 Stock>>.>&Incentive Plan (incorporated herein by??2?*reference to Exhibit 10.2 to the Company?sDQlbgzV2BW!P`@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\@@*@"Form 8K filed December 20, 2006).AAAB(\u$@B8B0Form of Restricted Stock Agreement (incorporatedCC2C*herein by reference to Exhibit 10.3 to theDD4D,Company?s Form 8K filed December 20, 2006).EEEF333333,@F9F1Code of business ethics and conduct (incorporatedGG3G+herein by reference to the Company?s AnnualHH;H3Report on Form 10K for the year ended December 31,II~
INJJJ
K21.1*K$KSubsidiaries of the Company.LLL
M23.1*MMConsent of KPMG LLP.NNN
O23.2*O,O$Consent of DeGolyer and MacNaughton.PPP
Q31.1*Q;Q3Officer?s certification pursuant to Rules 13a14(a)RR3R+and 15d14(a) under the Securities ExchangeSS SAct of 1934, as amended.TTT
U31.2*U;U3Officer?s certification pursuant to Rules 13a14(a)VV3V+and 15d14(a) under the Securities ExchangeWW WAct of 1934, as amended.XY$Z____________________________1[)Created by Morningstar Document Research.0\(http://documentresearch.morningstar.com/>0=PF0*8X>
@\\[[ZZ
l Q
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }}$ }:
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008UMStandardized Measure of Discounted Future Net Cash Flows Relating to Reserves Exhibit No. Description
32.1*80Officer?s certification pursuant to Section 1350%of Title 18 of the U.S. Code.
32.2*80Officer?s certification pursuant to Section 1350%of Title 18 of the U.S. Code.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.MA5)N
OC7=PF0*8X>
@
l i
m
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (3)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }1}$ }

$SUPERIOR ENERGY SERVICES INC10K
02/28/2008NO TITLE STATE OF JURISDICTION
OF INCORPORATION ORNAMEORGANIZATION 1105 Peters Road, L.L.C. Louisiana'
Advanced Oilwell Services, Inc.
Louisiana!Balance Point Group, B.V.NetherlandsBlowout Tools, Inc.
Texas0(Concentric Pipe and Tool Rentals, L.L.C. Louisiana%Connection Technology, L.L.C. Louisiana/'Duffy ? McGovern Accommodation ServicesUnited KingdomLimitedFastorq, L.L.C. LouisianaH.B. Rentals, L.C. Louisiana/'International Snubbing Services, L.L.C. Louisiana( Premier Oilfield Rentals LimitedScotland0(Production Management Industries, L.L.C. LouisianaSES Canada, ULCCanadaSESI, L.L.C.DelawareSPN Resources, LLC Louisiana0(Southeast Australian Services Pty., Ltd. Australia( Stabil Drill Specialties, L.L.C. Louisiana!SubSurface Tools, L.L.C. Louisiana)!Superior Energy Liftboats, L.L.C. LouisianaDP lznJa
@,,++**
l (
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (4)NO TITLE (5)NO TITLE (6)U }$}$ }:
(
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008NO TITLE~
2*I have reviewed this annual report on Form / '10K of Superior Energy Services, Inc.;
~
/'Based on my knowledge, this report does6.not contain any untrue statement of a material
7
/fact or omit to state a material fact necessary0(to make the statements made, in light of5the circumstances under which such statements.&were made, not misleading with respect%to the period covered by this report;~
80Based on my knowledge, the financial statements,0(and other financial information included6.in this report, fairly present in all material1)respects the financial condition, results6.of operations and cash flows of the registrant0(as of, and for, the periods presented inthis report;~
1)The registrant?s other certifying officer.&and I are responsible for establishing/'and maintaining disclosure controls and.&procedures (as defined in Exchange Act3+Rules 13a15(e) and 15d15(e)) and internalD lznz(8CX~/ !"#$%&' 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>
@''&&%%
l 2

dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (5)NO TITLE (6)U }$ }U}$ }8
2
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008NO TITLE
a)%Designed such disclosure controls and  %procedures, or caused such disclosure
.
&controls and procedures to be designed6.under our supervision, to ensure that material/'information relating to the registrant,
0
(including its consolidated subsidiaries,2*is made known to us by others within those0(entities, particularly during the period/'in which this report is being prepared;
b)5Designed such internal control over financial2*reporting, or caused such internal control/'over financial reporting to be designed4,under our supervision, to provide reasonable.&assurance regarding the reliability of/'financial reporting and the preparation5of financial statements for external purposes%in accordance with generally acceptedaccounting principles;
c)7/Evaluated the effectiveness of the registrant?s.&disclosure controls and procedures and0(presented in this report our conclusions1)about the effectiveness of the disclosureD
lznl_VJ:19v !"#$%&'()*+,./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//
l (
.
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (6)U }$}$ }:
(
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008NO TITLE~
2*I have reviewed this annual report on Form / '10K of Superior Energy Services, Inc.;
~
/'Based on my knowledge, this report does6.not contain any untrue statement of a material
7
/fact or omit to state a material fact necessary0(to make the statements made, in light of5the circumstances under which such statements.&were made, not misleading with respect%to the period covered by this report;~
80Based on my knowledge, the financial statements,0(and other financial information included6.in this report, fairly present in all material1)respects the financial condition, results6.of operations and cash flows of the registrant0(as of, and for, the periods presented inthis report;~
1)The registrant?s other certifying officer.&and I are responsible for establishing/'and maintaining disclosure controls and.&procedures (as defined in Exchange Act3+Rules 13a15(e) and 15d15(e)) and internalD lznz(8CX~/ !"#$%&' 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>
@''&&%%
l 2
"
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??b
NO TITLEAnnual Report on Form 10K forOil and Gas OperationsOil and Gas Operations (1)!Health Safety and EnvironmentalOil and Natural Gas ReservesNO TITLE (1)Productive Wells SummaryProductive Wells Summary (1)Drilling Activity!Costs Incurred in Oil and Natur!Costs Incurred in Oil and N (1)!We are subject to the cyclical !Our industry is highly competit!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)!Our oil and gas revenues are su!Factors beyond our control affeCommon Stock InformationCommon Stock Information (1)Common Stock Information (2)Common Stock Information (3)Market drivers and conditionsProved Reserve EstimatesProved Reserve Estimates (1)Proved Reserve Estimates (2)Proved Reserve Estimates (3)Proved Reserve Estimates (4)Proved Reserve Estimates (5)Proved Reserve Estimates (6)Proved Reserve Estimates (7)Proved Reserve Estimates (8)Proved Reserve Estimates (9)Proved Reserve Estimates (10)Proved Reserve Estimates (11)Proved Reserve Estimates (12)Proved Reserve Estimates (13)Proved Reserve Estimates (14)Proved Reserve Estimates (15)Proved Reserve Estimates (16)Proved Reserve Estimates (17)Proved Reserve Estimates (18)Proved Reserve Estimates (19)Proved Reserve Estimates (20)Proved Reserve Estimates (21)Proved Reserve Estimates (22)Proved Reserve Estimates (23)Proved Reserve Estimates (24)Proved Reserve Estimates (25)Proved Reserve Estimates (26)Proved Reserve Estimates (27)Proved Reserve Estimates (28)Proved Reserve Estimates (29)Proved Reserve Estimates (30)Proved Reserve Estimates (31)Proved Reserve Estimates (32)Proved Reserve Estimates (33)Proved Reserve Estimates (34)Proved Reserve Estimates (35)Proved Reserve Estimates (36)Proved Reserve Estimates (37)Proved Reserve Estimates (38)Proved Reserve Estimates (39)Proved Reserve Estimates (40)Proved Reserve Estimates (41)Proved Reserve Estimates (42)Proved Reserve Estimates (43)Proved Reserve Estimates (44)Proved Reserve Estimates (45)Proved Reserve Estimates (46)Proved Reserve Estimates (47)Proved Reserve Estimates (48)Proved Reserve Estimates (49)Proved Reserve Estimates (50)Proved Reserve Estimates (51)Proved Reserve Estimates (52)!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)!Standardized Measure of Dis (9)!Standardized Measure of Di (10)!Standardized Measure of Di (11)!Standardized Measure of Di (12)!Standardized Measure of Di (13)!Standardized Measure of Di (14)NO TITLE (2)NO TITLE (3)NO TITLE (4)NO TITLE (5)U }$ }U}$ }8
2
$SUPERIOR ENERGY SERVICES INC10K
02/28/2008NO TITLE
a)%Designed such disclosure controls and  %procedures, or caused such disclosure
.
&controls and procedures to be designed6.under our supervision, to ensure that material/'information relating to the registrant,
0
(including its consolidated subsidiaries,2*is made known to us by others within those0(entities, particularly during the period/'in which this report is being prepared;
b)5Designed such internal control over financial2*reporting, or caused such internal control/'over financial reporting to be designed4,under our supervision, to provide reasonable.&assurance regarding the reliability of/'financial reporting and the preparation5of financial statements for external purposes%in accordance with generally acceptedaccounting principles;
c)7/Evaluated the effectiveness of the registrant?s.&disclosure controls and procedures and0(presented in this report our conclusions1)about the effectiveness of the disclosureD
lznl_VJ:19v !"#$%&'()*+,./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//
Root Entry FBook
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~
!"#$%&'()*+,./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{}~