NABORS INDUSTRIES LTD — Director's Dealing 2010

Aug 12, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Superior Well Services, INC (SWSI)
CIK: 0001323715
Period of Report: 2010-08-06

Reporting Person: NABORS INDUSTRIES LTD (10% Owner)
Reporting Person: Diamond Acquisition Corp. (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01	10453985	Indirect

Footnotes

F1: Shares beneficially owned as a result of the Reporting Person entering into the Tender and Voting Agreement, dated as of August 6, 2010, with Diamond Acquisition Corp. and certain stockholders of the Issuer (the "Tender Agreement"). Concurrently with the execution of the Tender Agreement, the Reporting Person, Diamond Acquisition Corp. and Issuer entered into the Agreement and Plan of Merger, pursuant to which the Reporting Person and Diamond Acquisition Corp. agreed to commence an offer to purchase for cash all issued and outstanding shares of Issuer's common stock.

F2: Diamond Acquisition Corp. is a Delaware corporation and wholly owned subsidiary of Nabors Industries Ltd.