COVINGTON, La., June 22, 2010 /PRNewswire via COMTEX/ --Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that a federal judge in New Orleans, Louisiana, has ruled in favor of the Company's petition to block a six-month federal moratorium on deepwater drilling in the Gulf of Mexico.
Todd Hornbeck, Chairman, President and Chief Executive Officer, provided the following statement: "We are very pleased that the court has ruled in our favor. We also appreciate Judge Feldman having considered this case on an expedited basis. All of us here at Hornbeck Offshore are deeply saddened over the recent tragic events involving the Deepwater Horizon. Our thoughts and prayers are with the families that were affected and all of our fellow citizens of the Gulf Coast region whose lives and livelihoods have been impacted by the severe environmental consequences of this disaster. While the federal government has announced its intent to appeal this decision, we, at Hornbeck Offshore, are ready to continue serving the needs of our customers in a safe and environmentally sound manner."
Hornbeck Offshore Services, Inc. is a leading provider of technologically advanced, new generation offshore supply vessels in the U.S. Gulf of Mexico and in select other domestic and international markets, and is a leading short-haul transporter of petroleum products through its coastwise fleet of ocean-going tugs and tank barges in the northeastern U.S., the domestic Gulf of Mexico, the Great Lakes and in Puerto Rico. Hornbeck Offshore currently owns a fleet of over 80 vessels primarily serving the energy industry.
Contacts: Jim Harp, CFO
Hornbeck Offshore Services
Ken Dennard, Managing Partner
DRG&E / 713-529-6600
SOURCE Hornbeck Offshore Services, Inc.