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Superior Well Services Inc. Securities Litigation

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Superior Well Services Inc. (NasdaqGS: SWSI) shareholder litigation in
connection with alleged unfair takeover offer

On August 9, 2010,Superior Well Services Inc. (“Superior Well” or the “Company”)
announced that it had agreed to sell the Company to Nabors Industries, Inc.
("Nabors") (NYSE: NBR). Under the terms of the transaction, Superior Well
shareholders will receive $22.12 in cash for each Superior Well share of common
stock they own for a total transaction value of approximately $900 million.

The investigation concerns whether the Superior Well Board of Directors breached
their fiduciary duties to Superior Well stockholders by failing to adequately shop the
Company before entering into this transaction and whether Nabors is underpaying for
Superior Well shares, thus unlawfully harming Superior Well stockholders. In
particular, at least one analyst set a price target for Superior Well stock at $25.00 per
share. Also, holders of approximately 34% of Superior Well outstanding shares of
common stock have entered into agreements agreeing to tender their shares in
connection with the proposed transaction.

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