SOURCE: USA Superior Energy Holdings

March 19, 2008 07:30 ET

USA Superior Energy Announces Cased Hole Horizontal Rig Agreement

HOUSTON, TX--(Marketwire - March 19, 2008) - USA Superior Energy Holdings, Inc. (OTCBB: USSU), a company focused on the application of new technologies to increase volume and production in oil and gas wells, announces that they have entered into an agreement to acquire a CHHD rig. This is a cased hole horizontal drilling rig. This unit is being purchased to enable the company to enter into its second phase of well stimulation. The first phase in utilizing the company's work over rig program will be completed in approximately 60 days. At that time the 88 wells located in the Bateman field will have completed the mechanical stimulation phase. The progress to date of phase one has given a real incentive to the firm, and the need to acquire the rig.

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USA Superior Energy Holdings, Inc. is a company with excellent potential focusing on applying new technologies to oil and gas fields as well as other industries. USA Superior is composed of a team of experts in their field, highly qualified with over 200 man-years of oil and gas field experience; from finding to drilling, well completion to operations and production, to problem solving, seasoned with success. Environmentally concerned and responsible, responsive to project needs and specializing in special projects, USA Superior Energy's focus has been on developing and utilizing complimentary technologies; Nitrogen (N2) and cased hole horizontal drilling. USA Superior will seek to use these technologies independently or in combination to exploit business opportunities.

Nitrogen (N2) is used to force oil out of reservoirs. It can be applied to existing reservoirs and wellbores, thus minimizing the risk of finding oil and gas. Cased Hole Horizontal Drilling (CHHD) is a new emerging technology that can significantly increase the "communication" from the wellbore to the fluids in the reservoir. With the current price environment, many existing marginal wells can be rejuvenated into very profitable wells.

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic and current reports filed from time-to-time with the Securities and Exchange Commission.

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