##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
 (Mark One)
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2009
 or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
 For the Transition Period From  to
 Commission File No. 001-34037
 SUPERIOR ENERGY SERVICES, INC.
 (Exact name of registrant as specified in its charter)
 Delaware
    
    75-2379388(State or other jurisdiction of
    
    (I.R.S. Employerincorporation or organization)
    
    Identification No.)601 Poydras, Suite 2400New Orleans, Louisiana
    
    70130(Address of principal executive offices)
    
    (Zip Code)
 Registrants telephone number, including area code: (504) 587-7374
 þ o
 o o
  Large accelerated filer þ
    
    Accelerated filer o
    
    Non-accelerated filer o
(Do not check if a smaller reporting company)
    
    Smaller reporting company o
 o þ




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##### 



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
 TABLE OF CONTENTS
 PagePART I. FINANCIAL INFORMATIONItem 1. Financial Statements
    
    
    3Item 2. Managements Discussion and Analysis of Financial Condition
and Results of Operations
    
    
    17Item 3. Quantitative and Qualitative Disclosures about Market Risk
    
    
    23Item 4. Controls and Procedures
    
    
    24PART II. OTHER INFORMATIONItem 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    25Item 6. Exhibits
    
    
    25EX-31.1EX-31.2EX-32.1EX-32.2
  2




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##### Table of Contents



PART I. FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
 3/31/09
    
    
    12/31/2008 *ASSETSCurrent assets:Cash and cash equivalents
    
    $
    110,374
    
    
    $
    44,853Accounts receivable, net
    
    
    353,429
    
    
    
    360,357Income taxes receivable
    
    
    3,092
    
    
    
    Prepaid expenses
    
    
    30,912
    
    
    
    18,041Other current assets
    
    
    293,286
    
    
    
    223,598Total current assets
    
    
    791,093
    
    
    
    646,849Property, plant and equipment, net
    
    
    1,144,486
    
    
    
    1,114,941Goodwill
    
    
    477,189
    
    
    
    477,860Equity-method investments
    
    
    119,400
    
    
    
    122,308Intangible and other long-term assets, net
    
    
    127,150
    
    
    
    128,187Total assets
    
    $
    2,659,318
    
    
    $
    2,490,145LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable
    
    $
    59,586
    
    
    $
    87,207Accrued expenses
    
    
    146,437
    
    
    
    152,536Income taxes payable
    
    
    
    
    
    
    20,861Deferred income taxes
    
    
    67,815
    
    
    
    36,830Current maturities of long-term debt
    
    
    810
    
    
    
    810Total current liabilities
    
    
    274,648
    
    
    
    298,244Deferred income taxes
    
    
    241,969
    
    
    
    246,824Long-term debt, net
    
    
    792,204
    
    
    
    654,199Other long-term liabilities
    
    
    36,968
    
    
    
    36,605Stockholders equity:Preferred stock of $.01 par value. Authorized, 5,000,000
shares; none issued
    
    
    
    
    
    
    Common stock of $.001 par value. Authorized, 125,000,000 shares; issued
and outstanding, 78,076,137 shares at March 31, 2009, and 78,028,072
shares at December 31, 2008
    
    
    78
    
    
    
    78Additional paid in capital
    
    
    378,093
    
    
    
    375,436Accumulated other comprehensive loss, net
    
    
    (32,847
    )
    
    
    (32,641
    )Retained earnings
    
    
    968,205
    
    
    
    911,400Total stockholders equity
    
    
    1,313,529
    
    
    
    1,254,273Total liabilities and stockholders equity
    
    $
    2,659,318
    
    
    $
    2,490,145
   3




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##### Table of Contents



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
 2009
    
    
    2008 *Oilfield service and rental revenues
    
    $
    437,109
    
    
    $
    386,319Oil and gas revenues
    
    
    
    
    
    
    55,072Total revenues
    
    
    437,109
    
    
    
    441,391Cost of oilfield services and rentals
    
    
    222,465
    
    
    
    191,132Cost of oil and gas sales
    
    
    
    
    
    
    12,986Total cost of services, rentals and sales
(exclusive of items shown separately below)
    
    
    222,465
    
    
    
    204,118Depreciation, depletion, amortization and accretion
    
    
    49,868
    
    
    
    41,879General and administrative expenses
    
    
    64,986
    
    
    
    69,606Gain on sale of businesses
    
    
    
    
    
    
    37,888Income from operations
    
    
    99,790
    
    
    
    163,676Other income (expense):Interest expense, net
    
    
    (13,288
    )
    
    
    (12,183
    )Earnings from equity-method investments, net
    
    
    2,256
    
    
    
    3,957Income before income taxes
    
    
    88,758
    
    
    
    155,450Income taxes
    
    
    31,953
    
    
    
    55,921Net income
    
    $
    56,805
    
    
    $
    99,529Basic earnings per share
    
    $
    0.73
    
    
    $
    1.23Diluted earnings per share
    
    $
    0.72
    
    
    $
    1.21Weighted average common shares used
in computing earnings per share:Basic
    
    
    78,032
    
    
    
    80,776Incremental common shares from stock-based
compensation
    
    
    396
    
    
    
    1,310Diluted
    
    
    78,428
    
    
    
    82,086
   4




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##### Table of Contents



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
 2009
    
    
    2008 *Cash flows from operating activities:Net income
    
    $
    56,805
    
    
    $
    99,529Adjustments to reconcile net income to net cash provided
by operating activities:Depreciation, depletion, amortization and accretion
    
    
    49,868
    
    
    
    41,879Deferred income taxes
    
    
    27,151
    
    
    
    (6,813
    )Non-cash interest expense related to 1.5% senior exchangeable notes
    
    
    4,476
    
    
    
    4,183Tax benefit from exercise of stock options
    
    
    
    
    
    
    (2,347
    )Stock-based and performance share unit compensation expense
    
    
    3,277
    
    
    
    4,818Retirement and deferred compensation plans expense, net
    
    
    1,445
    
    
    
    950(Earnings) losses from equity-method investments, net of cash received
    
    
    1,099
    
    
    
    (3,957
    )Amortization of debt acquisition costs and note discount
    
    
    829
    
    
    
    798Gain on sale of businesses
    
    
    
    
    
    
    (37,888
    )Changes in operating assets and liabilities, net of acquisitions
and dispositions:Receivables
    
    
    6,211
    
    
    
    (36,641
    )Other current assets
    
    
    (69,846
    )
    
    
    3,973Accounts payable
    
    
    (27,517
    )
    
    
    (1,528
    )Accrued expenses
    
    
    (9,813
    )
    
    
    8,315Decommissioning liabilities
    
    
    
    
    
    
    (6,160
    )Income taxes
    
    
    (23,769
    )
    
    
    52,536Other, net
    
    
    (3,872
    )
    
    
    2,674Net cash provided by operating activities
    
    
    16,344
    
    
    
    124,321Cash flows from investing activities:Payments for capital expenditures
    
    
    (82,270
    )
    
    
    (88,883
    )Cash proceeds from sale of businesses, net of cash sold
    
    
    
    
    
    
    151,753Other
    
    
    (2,440
    )
    
    
    (3,414
    )Net cash provided by (used in) investing activities
    
    
    (84,710
    )
    
    
    59,456Cash flows from financing activities:Net borrowings from revolving credit facility
    
    
    133,400
    
    
    
    Proceeds from exercise of stock options
    
    
    9
    
    
    
    2,010Tax benefit from exercise of stock options
    
    
    
    
    
    
    2,347Proceeds from issuance of stock through employee benefit plans
    
    
    677
    
    
    
    479Purchase and retirement of stock
    
    
    
    
    
    
    (8,793
    )Net cash provided by (used in) financing activities
    
    
    134,086
    
    
    
    (3,957
    )Effect of exchange rate changes on cash
    
    
    (199
    )
    
    
    372Net increase in cash and cash equivalents
    
    
    65,521
    
    
    
    180,192Cash and cash equivalents at beginning of period
    
    
    44,853
    
    
    
    51,649Cash and cash equivalents at end of period
    
    $
    110,374
    
    
    $
    231,841
   5




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##### Table of Contents



SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
 Basis of Presentation
   Adoption of Recent Accounting Pronouncement and Debt
  NetPeriod
    
    Principal
    
    Unamortized
    
    CarryingEnded
    
    Amount
    
    Discount
    
    ValueDecember 31, 2008
    
    $
    400,000
    
    
    $
    56,631
    
    
    $
    343,369March 31, 2009
    
    $
    400,000
    
    
    $
    52,155
    
    
    $
    347,845
  As originally
    
    Effect of
    
    Asreported
    
    Change
    
    AdjustedIntangible assets and other
long-term assets, net
    
    $
    129,675
    
    
    $
    (1,488
    )
    
    $
    128,187Long-term debt, net
    
    $
    710,830
    
    
    $
    (56,631
    )
    
    $
    654,199Deferred income taxes
    
    $
    226,421
    
    
    $
    20,403
    
    
    $
    246,824Additional paid in capital
    
    $
    320,309
    
    
    $
    55,127
    
    
    $
    375,436Retained earnings
    
    $
    931,787
    
    
    $
    (20,387
    )
    
    $
    911,400
 6




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##### Table of Contents



Three MonthsEnded
    
    
    Twelve Months EndedMarch 31,
    
    
    December 31,2008
    
    
    2008
    
    
    2007
    
    
    2006Additional pre-tax non-cash interest expense, net
    
    $
    (4,067
    )
    
    $
    (16,266
    )
    
    $
    (15,178
    )
    
    $
    (917
    )Additional deferred tax benefit
    
    
    1,505
    
    
    
    6,018
    
    
    
    5,616
    
    
    
    340Retrospective change in net income and retained
earnings
    
    $
    (2,562
    )
    
    $
    (10,248
    )
    
    $
    (9,562
    )
    
    $
    (577
    )Change to basic and diluted
earnings per share
    
    $
    (0.03
    )
    
    $
    (0.13
    )
    
    $
    (0.12
    )
    
    $
    (0.01
    )
   rd rd
 st st
 th th
 7




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##### Table of Contents




    
    during any fiscal quarter (and only during such fiscal quarter), if the last reported
sale price of the Companys common stock is greater than or equal to 135% of the applicable
exchange price of the notes for at least 20 trading days in the period of 30 consecutive
trading days ending on the last trading day of the preceding fiscal quarter;
    
    prior to December 15, 2011, during the five business-day period after any ten
consecutive trading-day period (the measurement period) in which the trading price of
$1,000 principal amount of notes for each trading day in the measurement period was less
than 95% of the product of the last reported sale price of the Companys common stock and
the exchange rate on such trading day;
    
    if the notes have been called for redemption;
    
    upon the occurrence of specified corporate transactions; or
    
    at any time beginning on September 15, 2026, and ending at the close of business on the
second business day immediately preceding the maturity date.
  Acquisitions and Dispositions
     8




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Long-Term Contracts
   Stock-Based and Deferred Compensation
  Stock Options
  Restricted Stock
  9




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##### Table of Contents



Restricted Stock Units
  Performance Share Units
  Employee Stock Purchase Plan
  Deferred Compensation Plan
  Earnings per Share
   10




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##### Table of Contents

s

Stockholders Equity
   Segment Information
 Business Segments
   Well
    
    Rental
    
    
    
    
    
    
    
    
    
    ConsolidatedThree Months Ended March 31, 2009
    
    Intervention
    
    Tools
    
    Marine
    
    Unallocated
    
    TotalRevenues
    
    $
    288,057
    
    
    $
    125,944
    
    
    $
    23,108
    
    
    $
    
    
    
    $
    437,109Cost of services, rentals and sales
(exclusive of items shown separately below)
    
    
    165,489
    
    
    
    42,036
    
    
    
    14,940
    
    
    
    
    
    
    
    222,465Depreciation and amortization
    
    
    22,057
    
    
    
    25,371
    
    
    
    2,440
    
    
    
    
    
    
    
    49,868General and administrative expenses
    
    
    38,811
    
    
    
    23,228
    
    
    
    2,947
    
    
    
    
    
    
    
    64,986Income from operations
    
    
    61,700
    
    
    
    35,309
    
    
    
    2,781
    
    
    
    
    
    
    
    99,790Interest expense, net
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (13,288
    )
    
    
    (13,288
    )Earnings from equity-method
investments, net
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,256
    
    
    
    2,256Income (loss) before income taxes
    
    $
    61,700
    
    
    $
    35,309
    
    
    $
    2,781
    
    
    $
    (11,032
    )
    
    $
    88,758
 11




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##### Table of Contents



Oil & GasWell
    
    Rental
    
    
    
    
    
    
    
    
    
    Eliminations
    
    ConsolidatedThree Months Ended March 31, 2008
    
    Intervention
    
    Tools
    
    Marine
    
    Oil & Gas
    
    & Unallocated
    
    TotalRevenues
    
    $
    234,115
    
    
    $
    130,327
    
    
    $
    23,089
    
    
    $
    55,072
    
    
    $
    (1,212
    )
    
    $
    441,391Cost of services, rentals and sales
(exclusive of items shown separately below)
    
    
    132,399
    
    
    
    44,100
    
    
    
    15,845
    
    
    
    12,986
    
    
    
    (1,212
    )
    
    
    204,118Depreciation, depletion, amortization and accretion
    
    
    16,261
    
    
    
    20,746
    
    
    
    2,073
    
    
    
    2,799
    
    
    
    
    
    
    
    41,879General and administrative expenses
    
    
    35,177
    
    
    
    23,056
    
    
    
    2,593
    
    
    
    8,780
    
    
    
    
    
    
    
    69,606Gain on sale of businesses
    
    
    500
    
    
    
    3,332
    
    
    
    
    
    
    
    34,056
    
    
    
    
    
    
    
    37,888Income from operations
    
    
    50,778
    
    
    
    45,757
    
    
    
    2,578
    
    
    
    64,563
    
    
    
    
    
    
    
    163,676Interest expense, net
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (12,183
    )
    
    
    (12,183
    )Earnings from equity-method
investments, net
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,957
    
    
    
    3,957Income (loss) before income taxes
    
    $
    50,778
    
    
    $
    45,757
    
    
    $
    2,578
    
    
    $
    64,563
    
    
    $
    (8,226
    )
    
    $
    155,450
 Well
    
    
    Rental
    
    
    
    
    
    
    
    
    
    
    ConsolidatedIdentifiable Assets
    
    Intervention
    
    
    Tools
    
    
    Marine
    
    
    Unallocated
    
    
    TotalMarch 31, 2009
    
    $
    1,431,780
    
    
    $
    837,689
    
    
    $
    247,521
    
    
    $
    142,328
    
    
    $
    2,659,318December 31, 2008
    
    $
    1,343,710
    
    
    $
    762,848
    
    
    $
    239,572
    
    
    $
    144,015
    
    
    $
    2,490,145
 Geographic Segments
  Three Months Ended March 31,2009
    
    
    2008Revenues:United States
    
    $
    364,129
    
    
    $
    364,613Other Countries
    
    
    72,980
    
    
    
    76,778Total
    
    $
    437,109
    
    
    $
    441,391
 March 31,
    
    
    December 31,2009
    
    
    2008Long-Lived Assets:United States
    
    $
    934,032
    
    
    $
    932,340Other Countries
    
    
    210,454
    
    
    
    182,601Total
    
    $
    1,144,486
    
    
    $
    1,114,941
 12




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Equity-Method Investments
        13




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##### Table of Contents



Guarantee
  Other Comprehensive Income
  Three Months EndedMarch 31,2009
    
    
    2008Accumulated other comprehensive income (loss), December 31,
2008 and 2007, respectively
    
    $
    (32,641
    )
    
    $
    9,078Other comprehensive loss:Other comprehensive loss, net of taxHedging activities:Unrealized loss on equity-method investments hedging
activities, net of tax of ($777) in 2009 and ($3,852) in 2008
    
    
    (1,323
    )
    
    
    (6,559
    )Foreign currency translation adjustment
    
    
    1,117
    
    
    
    1,261Total other comprehensive loss
    
    
    (206
    )
    
    
    (5,298
    )Accumulated other comprehensive income (loss), March 31,
2009 and 2008, respectively
    
    $
    (32,847
    )
    
    $
    3,780
 Income Taxes
   14




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##### Table of Contents



Commitments and Contingencies
  Fair Value Measurements
   Level 1:
    
    Unadjusted quoted prices in active markets for identical assets and liabilities
 Level 2:
    
    Observable inputs other than those included in Level 1 such as quoted
prices for similar assets and liabilities in active markets; quoted prices for
identical assets or liabilities in inactive markets or model-derived valuations or
other inputs that can be corroborated by observable market data.
 Level 3:
    
    Unobservable inputs reflecting managements own assumptions about the
inputs used in pricing the asset or liability.
  March 31,
    
    Fair Value Measurements at Reporting Date Using2009
    
    Level 1
    
    Level 2
    
    Level 3Non-qualified deferred
compensation assets
    
    $
    9,545
    
    
    $
    3,223
    
    
    $
    6,322
    
    
    $
    Non-qualified deferred
compensation liabilities
    
    $
    11,267
    
    
    $
    
    
    
    $
    11,267
    
    
    $
    
 December 31,2008
    
    Level 1
    
    Level 2
    
    Level 3Non-qualified deferred
compensation assets
    
    $
    7,212
    
    
    $
    
    
    
    $
    7,212
    
    
    $
    Non-qualified deferred
compensation
liabilities
    
    $
    8,254
    
    
    $
    
    
    
    $
    8,254
    
    
    $
    
   15




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New Accounting Pronouncements
    16




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##### Table of Contents



Item 2. Managements Discussion and Analysis of Financial Condition and Results of
Operations
 Forward-Looking Statements
  Executive Summary
     17




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##### Table of Contents



Comparison of the Results of Operations for the Three Months Ended March 31, 2009 and 2008
   Revenue
    
    
    Cost of Services, Rentals and Sales2009
    
    
    2008
    
    
    Change
    
    
    2009
    
    
    %
    
    2008
    
    
    %
    
    ChangeWell Intervention
    
    $
    288,057
    
    
    $
    234,115
    
    
    $
    53,942
    
    
    $
    165,489
    
    
    57%
    
    $
    132,399
    
    
    57%
    
    $
    33,090Rental Tools
    
    
    125,944
    
    
    
    130,327
    
    
    
    (4,383
    )
    
    
    42,036
    
    
    33%
    
    
    44,100
    
    
    34%
    
    
    (2,064
    )Marine
    
    
    23,108
    
    
    
    23,089
    
    
    
    19
    
    
    
    14,940
    
    
    65%
    
    
    15,845
    
    
    69%
    
    
    (905
    )Oil and Gas
    
    
    
    
    
    
    55,072
    
    
    
    (55,072
    )
    
    
    
    
    
    
    
    
    12,986
    
    
    24%
    
    
    (12,986
    )Less: Oil and Gas Elim.
    
    
    
    
    
    
    (1,212
    )
    
    
    1,212
    
    
    
    
    
    
    
    
    
    (1,212
    )
    
    
    
    
    1,212Total
    
    $
    437,109
    
    
    $
    441,391
    
    
    $
    (4,282
    )
    
    $
    222,465
    
    
    51%
    
    $
    204,118
    
    
    46%
    
    $
    18,347
  Well Intervention Segment
  18




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##### Table of Contents



Rental Tools Segment
  Marine Segment
  Oil and Gas Segment
  Depreciation and Amortization
  General and Administrative Expenses
  19




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Liquidity and Capital Resources
      rd rd
 st st
 20




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th th
   
    
    during any fiscal quarter (and only during such fiscal quarter), if the last reported
sale price of our common stock is greater than or equal to 135% of the applicable exchange
price of the notes for at least 20 trading days in the period of 30 consecutive trading
days ending on the last trading day of the preceding fiscal quarter;
    
    prior to December 15, 2011, during the five business-day period after any ten
consecutive trading-day period (the measurement period) in which the trading price of
$1,000 principal amount of notes for each trading day in the measurement period was less
than 95% of the product of the last reported sale price of our common stock and the
exchange rate on such trading day;
    
    if the notes have been called for redemption;
    
    upon the occurrence of specified corporate transactions; or
    
    at any time beginning on September 15, 2026, and ending at the close of business on the
second business day immediately preceding the maturity date of December 15, 2026.
  21




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##### Table of Contents



RemainingNineMonthsDescription
    
    2009
    
    2010
    
    2011
    
    2012
    
    2013
    
    2014
    
    ThereafterLong-term debt, including
estimated interest payments
    
    $
    31,640
    
    
    $
    32,671
    
    
    $
    163,351
    
    
    $
    27,231
    
    
    $
    27,179
    
    
    $
    316,814
    
    
    $
    474,354Operating leases
    
    
    12,163
    
    
    
    12,790
    
    
    
    7,095
    
    
    
    4,329
    
    
    
    2,657
    
    
    
    2,128
    
    
    
    9,405Other long-term liabilities
    
    
    
    
    
    
    10,553
    
    
    
    7,071
    
    
    
    5,654
    
    
    
    2,863
    
    
    
    235
    
    
    
    10,592Total
    
    $
    43,803
    
    
    $
    56,014
    
    
    $
    177,517
    
    
    $
    37,214
    
    
    $
    32,699
    
    
    $
    319,177
    
    
    $
    494,351
   Off-Balance Sheet Financing Arrangements
  Hedging Activities
  New Accounting Pronouncements
  22




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##### Table of Contents



Item 3. Quantitative and Qualitative Disclosures about Market Risk
 Foreign Currency Exchange Rates
    Interest Rate Risk
  Equity Price Risk
  23




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##### Table of Contents



Commodity Price Risk
  
 Item 4. Controls and Procedures
   24




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##### Table of Contents



PART II. OTHER INFORMATION
 
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
  ApproximateTotal Number of
    
    
    Dollar Value ofShares
    
    
    Shares that MayTotal Number of
    
    
    
    
    
    
    Purchased as
    
    
    Yet beShares
    
    
    
    
    
    
    Part of Publicly
    
    
    PurchasedPurchased
    
    
    Average Price
    
    
    Announced Plan
    
    
    Under the PlanPeriod
    
    (1)
    
    
    Paid per Share
    
    
    (2)
    
    
    (2)January 1 - 31, 2009
    
    
    13,402
    
    
    $
    15.93
    
    
    
    
    
    
    $
    212,400,000February 1 - 28, 2009
    
    
    3,838
    
    
    $
    12.30
    
    
    
    
    
    
    $
    212,400,000March 1 - 31, 2009
    
    
    80
    
    
    $
    15.21
    
    
    
    
    
    
    $
    212,400,000January 1, 2009 through
March 31, 2009
    
    
    17,320
    
    
    $
    15.12
    
    
    
    
    
    
    $
    212,400,000
 
 (1)
    
    Through our stock incentive plans, 17,320 shares were delivered to us by our employees
to satisfy their tax withholding requirements upon vesting of restricted stock.(2)
    
    In September 2007, our Board of Directors approved a $350 million share repurchase
program that expires on December 31, 2009. Under this program, we can repurchase shares
through open market transactions at prices deemed appropriate by management. No shares
were purchased under this program during the three months ended March 31, 2009. 
 Item 6. Exhibits
  3.1
    
    Certificate of Incorporation of the Company (incorporated herein by reference to the
Companys Quarterly Report on Form 10-QSB for the quarter ended March 31, 1996).3.2
    
    Certificate of Amendment to the Companys Certificate of Incorporation (incorporated
herein by reference to the Companys Quarterly Report on Form 10-Q for the quarter ended
June 30, 1999).3.3
    
    Amended and Restated Bylaws of the Company (incorporated herein by reference to
Exhibit 3.1 to the Companys Form 8-K filed on September 12, 2007).31.1
    
    Officers certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.31.2
    
    Officers certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.32.1
    
    Officers certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.32.2
    
    Officers certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
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SUPERIOR ENERGY SERVICES, INC.Date:   May 4, 2009
    By:
    /s/ Robert S. TaylorRobert S. TaylorExecutive Vice President, Treasurer and
Chief Financial Officer
(Principal Financial and Accounting Officer) 26