Shareholder Update in Connection with Common and Preferred Stockholders Regarding Buyout of Superior Well Services

Tripp Levy PLLC announces an update on its investigation into the proposed acquisition of Superior Well Services, Inc. (NASDAQ: SWSI). On August 9, 2010, Nabors Industries Ltd. (NYSE: NBR) and Superior Well announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services, through a tender offer, for all outstanding shares of Superior Well common stock at a price of $22.12 per share in cash.

In connection with the transaction, the board of directors of Superior Well may have breached their fiduciary duties by not acting in the best interests of its common and preferred stockholders. The Board, not only may have entered into a merger agreement that undervalues the company’s common stock but also may have prevented its convertible preferred stockholders from receiving the fair value for their securities as well.

If you own Superior Well common and/or preferred stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy

Tripp Levy PLLC

125 East 82nd Street

9th Floor

New York, New York

Toll Free: 877-772-3975 begin_of_the_skype_highlighting 877-772-3975 end_of_the_skype_highlighting

Email: contact@tripplevy.com

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

i need to get a job like that thats some good shizzelle - hope he can deliver--

David E. Wallace
Chief Executive Officer
Superior Well Services Inc.

The proxy statement for Superior Well Services Inc. uses the new SEC executive compensation rules.

In 2007, David E. Wallace raked in $560,948 in total compensation according to the SEC. According to the AFL-CIO's calculation method*, this CEO raked in $600,329 in total 2007 compensation.

:)) I like to see this, it beat the street, and the Ceo's comp is at least rational by comparison, and this should bode well with investors.

NOT BAD ALWAYS LOOKING FOR SOME MONSTERS-- HOWS THIS SUPERIOR WELL SERVICES U LIKE IT --- STILL WAITING ON AMNE BUT THIS ONE MIGHT DO IN MEANTIME

Good thanks, how you?

MAKESOME HOWS IT GOING BUDDY---

Superior Well 4th-quarter profit jumps 71 pct
Superior Well 4th-quarter profit jumps 71 percent on acquisition
Tuesday March 3, 2009, 2:29 pm EST
Yahoo! Buzz Print Related:Superior Well Services Inc.
INDIANA, Pa. (AP) -- Oil field services company Superior Well Services Inc. said Tuesday its fourth-quarter profit leapt 71 percent due in part to a recent acquisition.

Related Quotes
Symbol Price Change
SWSI 5.30 +0.65


For the period ended Dec. 31, net income rose to $11.9 million, or 48 cents per share, up from $7 million, or 30 cents per share, a year ago.

Quarterly revenue totaled $161.7 million, up 70 percent from $94.9 million the previous year.

Superior Well said that the latest results stemmed from the maturation of service centers opened in the second half of 2007 and its acquisition of Diamondback Holdings LLC. That purchase made Superior Well the fifth largest pressure pumper in the U.S., it said.

The company said EBITDA -- or earnings before interest, tax, depreciation and amortization -- climbed 79 percent from a year earlier to $36.4 million.

In 2008, Superior Well earned $38.8 million, or $1.64 per share, up from $37.8 million, or $1.63 per share, in 2007. Sales rose 49 percent to $520.9 million.

Superior Well CEO David Wallace said he expects drilling activity to be substantially lower in 2009 than the prior year. That could reduce demand and ultimately the prices paid by customers for services, he said.

Shares of Superior Well rose 55 cents, or 11.8 percent, to $5.20 in afternoon trading.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6380640

Superior Has Backyard Advantage With Marcellus Shale
Experience, proximity, gives Superior Well Services competitive advantage

Indiana, PA - The Marcellus Shale is a large natural gas-bearing shale formation located in the Appalachian Basin that has recently seen a rapid increase in drilling activity. The core area of the Marcellus Shale runs from southwestern New York through much of western Pennsylvania and parts of West Virginia and Ohio. Given the close proximity of Superior's headquarters in Indiana, Pennsylvania to this core area, as well as Superior's extensive experience in fracturing wells in the Appalachian Basin, Superior believes it has a competitive advantage in capturing a significant portion of the increasing well service activity in the area.

Superior's employees are well versed in the area. Many of their sales, operations and technical personnel average between 15 and 30 years experience in the Basin. By combining company experience, employees' experience, and the close proximity of the wells, Superior has been able to quickly provide personnel, equipment, and expertise as the need arises.

Superior is a growing oilfield services company, operating in many of the significant oil and natural gas producing regions of the US. Its specialties as they relate to the Marcellus Shale deposit are servicing the wells, such as providing cementing services to isolate producing intervals and hydraulically fracturing the shale, also known as stimulating, to unlock the gas trapped in this tight reservoir. They do this through a variety of methods, many of which include proprietary chemicals, such as SAS-2, and Super Max.

Super Max is a surfactant and microemulsion system that reduces surface tension, reduces interfacial tension, lowers capillary pressure, changes contact angle, and controls leakoff with microcells. Super Max more effectively stimulates the wells, which often times results in increased production.

SAS-2 is a newly developed liquid, non-damaging viscosifier and fluid-loss additive that improves well response by eliminating the gel residue associated with conductivity impairment. It dissolves completely in the frac fluid to improve well cleanup.

Superior believes that the Marcellus Shale provides an opportunity to reinforce their reputation as a leading provider of well site solutions in the Appalachian Basin. "As Superior grows," Dave Wallace, CEO of Superior, says, "so does our commitment to producing the best products and services we can, to lessen our impact on the environment and improve the communities we serve."

All statements included herein that address events or developments that Superior expects, believes or anticipates will or may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements are based on various assumptions made by management and are subject to various risks and uncertainties, certain of which are detailed in Superior's SEC filings, that may cause Superior's actual results to differ materially from those implied or expressed by the forward-looking statements.

2.27.09
Superior develops new salt tolerant Friction Reducer for Shale fracturing
WFR-3B is a new liquid, non-damaging friction reducer design specifically to be more compatible with shale formations. This FR lowers pumping pressure and reduces HHP requirements from 50 to 75%. WFR-3B has the ability to build increased viscosity, if needed, allowing for improved proppant sweeps. WFR-3B offer unique patented technology that gives improved performance in fresh water and brine solutions up to 7% KCL and in many cases high concentrations of flowback water. Contact your local SWSI sales or technical representative for more information on this unique product