Hercules Offshore Announces Fourth Quarter 2006 Earnings (2)

Headquartered in Houston, Hercules Offshore, Inc. operates a fleet of nine jackup drilling rigs and 64 liftboats. The Company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in shallow waters.

For more information, please visit our website at www.herculesoffshore.com.

Conference Call Information

Hercules Offshore will conduct a conference call at 10:00 a.m. CST on Monday, February 5, 2007 to discuss its fourth quarter and full-year 2006 financial results and outlook for 2007. The conference call will also be broadcast live via the Internet at www.herculesoffshore.com. To participate in the conference call by telephone, please call, 10 minutes prior to the scheduled start time, one of the following telephone numbers:

    
    +1-800-591-6923 (Domestic)
    +1-617-614-4907 (International)
    The access or confirmation code is 75305810

A replay of the conference call will be available by telephone on Monday, February 5, 2007 beginning at 12:00 p.m. CST (1:00 p.m. EST), through Monday, February 12, 2007. The phone number for the conference call replay is +1-888- 286-8010 or internationally +1-617-801-6888. The access code is 66302317. Additionally, the recorded conference call will be accessible through our website at www.herculesoffshore.com for 28 days after the conference call.

The news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are subject to a number of risks, uncertainties and assumptions, including the factors described in Hercules Offshore's most recent periodic reports and other documents filed with the Securities and Exchange Commission, which are available free of charge at the SEC's website at www.sec.gov or the Company's website at www.herculesoffshore.com. Hercules cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.

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