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November 19, 2008

HOS renews shelf registrations

Covington, La., based Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it has filed a statement with the SEC that will allow it to sell up to $500 million worth of common and preferred stock, debt securities or warrants from time. It plans to follow this acquisition shelf registration statement with a universal shelf registration statement, that will enable it raise a further $250 million, in the near future.

These filings will replace the company's existing shelf registration statements that have been effective since September 2005. Under SEC rules, shelf registration statements that became effective before December 1, 2005 will expire on December 1, 2008.

Once effective with the SEC, the acquisition shelf registration statement will enable the company to issue up to $500 million of its common stock, preferred stock, debt securities or warrants to purchase common stock, preferred stock or debt securities, or any combination of such securities, from time to time, in connection with acquisition transactions. These transactions may include the acquisition of assets, businesses or securities, whether by purchase, merger or any other form of business combination.

Hornbeck says the registration statement, when effective, will continue to afford it significant flexibility in structuring future acquisition opportunities as they may arise.

The universal shelf registration will enable Hornbecky to sell from time to time, in one or more public offerings, up to $250 million of its common stock, preferred stock, debt securities or warrants to purchase common stock, preferred stock or debt securities, or any combination of such securities

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