Hornbeck Offshore Exchange Offer

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced the commencement, on Monday, January 25, 2010, of its offer to exchange any and all of the $250m aggregate principal amount of its outstanding 8% Series A Senior Notes due 2017 (CUSIPs 440543 AF 3 and U44070 AC 1), which were issued in a private placement and sold in accordance with Rule 144A or Regulation S under the Securities Act of 1933, for an equal aggregate principal amount of its 8% Series B Senior Notes due 2017 (CUSIP 440543 AH 9). The issuance of the New Notes has been registered under the Act.

The form and terms of the New Notes are substantially the same as the form and terms of the Old Notes issued in August 2009. The primary difference is that the issuance of the New Notes has been registered under the Act and, therefore, the New Notes will be freely tradable by persons who are not affiliated with Hornbeck Offshore and will not contain terms relating to registration rights. The New Notes evidence the same debt as the Old Notes they replace and are issued under and entitled to the benefits of the indenture that governs the Old Notes.

Hornbeck Offshore will accept for exchange any and all original notes validly tendered and not validly withdrawn before the expiration time of 5:00 p.m., New York City time on February 23, 2010, unless extended. Original notes validly tendered may be withdrawn at any time before the expiration Time only in accordance with the withdrawal rights set forth in the exchange offer prospectus under the caption "Exchange Offer - Withdrawal of Tenders."

(www.hornbeckoffshore.com)