Nabors Successfully Completes Tender Offer For
Superior Well Services Shares
Hamilton, Bermuda, September 9, 2010 /PRNewswire — FirstCall — Nabors Industries Ltd. (Nabors)
(NYSE: NBR) today announced that stockholders of Superior Well Services, Inc. (Superior Well Services)
(NASDAQ: SWSI) have tendered 28,457,901 shares of common stock, representing approximately
92.4 percent of Superior Well Services’ outstanding common stock, in Nabors’ tender offer for all such shares.
The offer period for tendering such shares expired at midnight (New York City time) on September 8, 2010 and
was not extended.
According to the terms of the tender offer, all shares that were validly tendered during the offer period have been
accepted for payment. Nabors intends to complete the acquisition of Superior Well Services through a “short-
form merger,” that is, without a vote or meeting of Superior Well Services’ remaining stockholders. In the
merger, each remaining share of Superior Well Services common stock will be converted into the right to receive
$22.12 per share, in cash, without interest and less any required withholding taxes, which is the same amount per
share paid in the tender offer. The merger is expected to occur on or about September 10, 2010. Following the
merger, Superior Well Services will become a wholly owned subsidiary of Nabors, and Superior Well Services
common stock will no longer be listed on NASDAQ.
Gene Isenberg, Nabors’ Chairman and CEO, commented: “I am very pleased with the results of our tender offer
for the shares of Superior Well Services. Since our original announcement regarding the merger agreement, we
have received favorable feedback from numerous key customers. This has reinforced our expectation of
achieving significant synergies and validates our favorable perceptions regarding the quality of Superior’s
technology, operations and especially their personnel. I look forward to welcoming the experienced, capable and
motivated staff of Superior to the Nabors