TEXT-S&P bulletin on Superior Energy Services Inc

(The following statement was released by the ratings agency)

Sept 19 - Standard & Poor's Ratings Services today said that the announcement by Superior Energy Services Inc (SPN.N) (BB/Stable/--) that its board of directors has authorized a $350 million share repurchase does not affect ratings or outlook on the company. The stock repurchase program expires on Dec. 31, 2009, and the company plans to repurchase shares when opportunities arise. We expect that the company will fund the share repurchase with internally generated cash flow or debt while maintaining its capital spending at a level sufficient to accommodate growth.