##### 



Exhibit 99.1
 (LOGO SUPERIOR ENERGY, INC.)
    
    1105 Peters Road
Harvey, Louisiana 70058
(504) 362-4321
Fax (504) 362-4966
NYSE: SPN
 FOR FURTHER INFORMATION CONTACT:Terence Hall, CEO; Robert Taylor, CFO;Greg Rosenstein, VP of Investor Relations,504-362-4321
 Superior Energy Services Announces Third Quarter 2007 Results  Year-over-Year Earnings Growth Driven by Companys Diversification Strategy
   Factors impacting the quarter as compared to the most recent quarter include the following:
 
    
    Numerous tropical systems in the Gulf of Mexico impacted results in the marine, well
intervention and rental tools segments. The biggest impact from Gulf of Mexico,
weather-related disruptions was to the Companys liftboat activity. Marine segment revenue
decreased 25% as a result of significantly lower utilization.
 
    
    Approximately 54% of total revenue came from domestic land and international market areas.
Increases in domestic land and international revenue more than offset a decrease in Gulf of
Mexico revenue. Revenue from domestic land markets was approximately $137 million, a 13%
increase over the second quarter of 2007, and revenue from international markets was
approximately $78 million, a 2% increase over the most recent quarter. Gulf of Mexico revenue
decreased 7% sequentially to approximately $183 million in the third quarter.
 
    
    Well Intervention revenue increased 6% from the second quarter of 2007 primarily due to
increased well control activity as well as higher coiled tubing, electric line and fishing
services activity.




---



##### 




    
    Revenue from the Rental Tools segment declined 4% from the second quarter, but was
essentially unchanged when excluding the revenue contribution from the business that was sold
in the third quarter.
 
    
    Oil and Gas revenue increased 7% from the second quarter of 2007 due to higher oil prices
and increased oil and gas production.
   Well Intervention Group Segment
  Rental Tools Segment
  Marine Segment




---



##### 



Liftboat Average Dayrates and Utilization by Class Size
Three Months Ended September 30, 2007
 Class
    
    Liftboats
    

AverageDayrate
    
    Utilization145-155
    
    
    11
    
    
    $
    9,681
    
    
    
    55.4
    %160-175
    
    
    6
    
    
    
    13,740
    
    
    
    61.8
    %200
    
    
    5
    
    
    
    18,797
    
    
    
    75.0
    %230-245
    
    
    3
    
    
    
    28,186
    
    
    
    67.8
    %250
    
    
    2
    
    
    
    34,539
    
    
    
    56.0
    %
 Oil and Gas Segment
  Conference
Call Information




---



##### 








---



##### 



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
Three and Nine Months Ended September 30, 2007 and 2006
 Three Months Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    September 30,2007
    
    
    2006
    
    
    2007
    
    
    2006Oilfield service and rental revenues
    
    $
    347,228
    
    
    $
    252,309
    
    
    $
    1,021,712
    
    
    $
    687,441Oil and gas revenues
    
    
    51,696
    
    
    
    38,208
    
    
    
    136,889
    
    
    
    87,304Total revenues
    
    
    398,924
    
    
    
    290,517
    
    
    
    1,158,601
    
    
    
    774,745Cost of oilfield services and rentals
    
    
    159,683
    
    
    
    109,525
    
    
    
    465,085
    
    
    
    304,066Cost of oil and gas sales
    
    
    18,954
    
    
    
    19,562
    
    
    
    55,845
    
    
    
    52,469Total cost of services, rentals and sales
    
    
    178,637
    
    
    
    129,087
    
    
    
    520,930
    
    
    
    356,535Depreciation, depletion, amortization and accretion
    
    
    49,881
    
    
    
    28,831
    
    
    
    133,967
    
    
    
    77,473General and administrative expenses
    
    
    57,150
    
    
    
    44,385
    
    
    
    161,833
    
    
    
    122,124Gain on sale of business
    
    
    7,483
    
    
    
    
    
    
    
    7,483
    
    
    
    Income from operations
    
    
    120,739
    
    
    
    88,214
    
    
    
    349,354
    
    
    
    218,613Other income (expense):Interest expense, net
    
    
    (8,197
    )
    
    
    (5,989
    )
    
    
    (24,938
    )
    
    
    (16,389
    )Interest income
    
    
    795
    
    
    
    1,255
    
    
    
    2,303
    
    
    
    3,477Loss on early extinguishment of debt
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (12,596
    )Earnings (losses) from equity-method investments
    
    
    1,395
    
    
    
    2,704
    
    
    
    (2,447
    )
    
    
    3,852Income before income taxes
    
    
    114,732
    
    
    
    86,184
    
    
    
    324,272
    
    
    
    196,957Income taxes
    
    
    39,682
    
    
    
    31,026
    
    
    
    115,116
    
    
    
    70,904Net income
    
    $
    75,050
    
    
    $
    55,158
    
    
    $
    209,156
    
    
    $
    126,053Basic earnings per share
    
    $
    0.92
    
    
    $
    0.69
    
    
    $
    2.58
    
    
    $
    1.58Diluted earnings per share
    
    $
    0.91
    
    
    $
    0.68
    
    
    $
    2.53
    
    
    $
    1.55Weighted average common shares used
in computing earnings per share:Basic
    
    
    81,470
    
    
    
    79,824
    
    
    
    81,053
    
    
    
    79,754Diluted
    
    
    82,793
    
    
    
    81,340
    
    
    
    82,521
    
    
    
    81,232




---



##### 



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
SEPTEMBER 30, 2007 AND DECEMBER 31, 2006
 9/30/2007
    
    
    12/31/2006(unaudited)
    
    
    (audited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    63,809
    
    
    $
    38,970Accounts receivable, net
    
    
    346,081
    
    
    
    303,800Income taxes receivable
    
    
    
    
    
    
    2,630Current portion of notes receivable
    
    
    15,616
    
    
    
    14,824Prepaid insurance and other
    
    
    58,348
    
    
    
    59,563Total current assets
    
    
    483,854
    
    
    
    419,787Property, plant and equipment, net
    
    
    1,032,764
    
    
    
    804,228Goodwill
    
    
    475,068
    
    
    
    444,687Notes receivable
    
    
    16,364
    
    
    
    16,137Equity-method investments
    
    
    61,282
    
    
    
    64,603Intangible and other long-term assets, net
    
    
    131,754
    
    
    
    125,036Total assets
    
    $
    2,201,086
    
    
    $
    1,874,478LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable
    
    $
    72,817
    
    
    $
    65,451Accrued expenses
    
    
    178,659
    
    
    
    141,684Income taxes payable
    
    
    4,410
    
    
    
    Current portion of decommissioning liabilities
    
    
    34,884
    
    
    
    35,150Current maturities of long-term debt
    
    
    810
    
    
    
    810Total current liabilities
    
    
    291,580
    
    
    
    243,095Deferred income taxes
    
    
    147,784
    
    
    
    112,011Decommissioning liabilities
    
    
    88,791
    
    
    
    87,046Long-term debt
    
    
    711,440
    
    
    
    711,505Other long-term liabilities
    
    
    14,202
    
    
    
    10,133Total stockholders equity
    
    
    947,289
    
    
    
    710,688Total liabilities and stockholders equity
    
    $
    2,201,086
    
    
    $
    1,874,478




---



##### 



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
Segment Highlights
Three months ended September 30, 2007, June 30, 2007 and September 30, 2006
(Unaudited)
 Three months ended,Revenue
    
September 30, 2007
    
    
    June 30, 2007
    
    
    September 30, 2006Well Intervention
    
    $
    202,807
    
    
    $
    190,542
    
    
    $
    122,205Rental tools
    
    
    118,918
    
    
    
    123,736
    
    
    
    98,262Marine
    
    
    26,323
    
    
    
    35,162
    
    
    
    36,013Oil and Gas
    
    
    51,696
    
    
    
    48,164
    
    
    
    38,208Less: Oil
and Gas Eliminations (2)
    
    
    (820
    )
    
    
    (851
    )
    
    
    (4,171
    )Total Revenues
    
    $
    398,924
    
    
    $
    396,753
    
    
    $
    290,517
 Three months ended,Gross Profit (1)
    
    September 30, 2007
    
    
    June 30, 2007
    
    
    September 30, 2006Well Intervention
    
    $
    91,030
    
    
    $
    81,093
    
    
    $
    53,767Rental tools
    
    
    83,776
    
    
    
    84,718
    
    
    
    67,476Marine
    
    
    12,737
    
    
    
    19,805
    
    
    
    21,541Oil and Gas
    
    
    32,744
    
    
    
    29,331
    
    
    
    18,646Total Gross Profit
    
    $
    220,287
    
    
    $
    214,947
    
    
    $
    161,430
 Three months ended,Income from Operations
    
    September 30, 2007
    
    
    June 30, 2007
    
    
    September 30, 2006Well Intervention
    
    $
    47,611
    
    
    $
    42,111
    
    
    $
    28,828Rental tools (3)
    
    
    51,446
    
    
    
    46,640
    
    
    
    35,100Marine
    
    
    8,148
    
    
    
    15,212
    
    
    
    16,168Oil and Gas
    
    
    13,534
    
    
    
    11,918
    
    
    
    8,118Total Income from Operations
    
    $
    120,739
    
    
    $
    115,881
    
    
    $
    88,214
 
 (1)
    
    Gross profit is calculated by subtracting cost of services from revenue for each of the
Companys four segments.(2)
    
    Oil and gas eliminations represent products and services from the companys segments provided
to the Oil and Gas Segment.(3)
    
    Income from operations in the Rental tools Segment includes the gain on sale of business for
the three months ended September 30, 2007.