Hercules Offshore Prices Private Placement of Senior Secured Notes

HOUSTON, Oct. 8 /PRNewswire-FirstCall/ -- Hercules Offshore, Inc. (Nasdaq:
HERO) today announced that it has priced a private placement of $300 million
of Senior Secured Notes due 2017, which will bear interest at a rate of 10.5%
per annum. The notes are being sold at 97.383% of their face amount to yield
11.0%. The offering is expected to close on or about October 20, 2009, subject
to the satisfaction of customary closing conditions. The Company intends to
use the net proceeds from the offering to repay a portion of the indebtedness
outstanding under its term loan facility.

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This press release shall not constitute an offer to sell, or the solicitation
of an offer to buy, any of the securities described herein, nor shall there be
any sale of these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such state. The securities offered have not been registered
under the Securities Act of 1933 (the "Securities Act") or any state
securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements of the
Securities Act and applicable state securities laws. The securities have been
offered inside the United States only to qualified institutional buyers in
reliance on Rule 144A under the Securities Act and to persons outside the
United States in reliance on Regulation S under the Securities Act.

This press release contains forward-looking statements. Forward-looking
statements give the Company's current expectations or forecasts of future
events based on management's beliefs and assumptions using currently available
information and expectations as of the date hereof, are not guarantees of
future performance and involve certain risks and uncertainties, including
those contained in Hercules Offshore's filings with the Securities and
Exchange Commission. Although we believe that the expectations reflected in
these forward-looking statements are reasonable, we cannot assure you that our
expectations will prove correct. Forward-looking statements in this press
release relate to, among other things, the closing of the private placement
and the use of proceeds therefrom. Therefore, actual outcomes and results
could materially differ from what is expressed, implied or forecast in such
statements. The forward-looking statements speak only as of the date made and,
other than as required by law, Hercules Offshore undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.

SOURCE Hercules Offshore, Inc.

Stephen M. Butz, Vice President Finance and Treasurer, +1-713-350-8315, or
Craig M. Muirhead, Assistant Treasurer, +1-713-350-8346, both of Hercules
Offshore, Inc.