Complete Production Services Announces Acquisitions Totaling $94 Million.

HOUSTON -- Sixth full graph, third sentence of release should read: The combined purchase price of the three companies was approximately $94 million. (sted The combined purchase price of the three companies was approximately $92 million.)

The corrected release reads:

COMPLETE PRODUCTION SERVICES ANNOUNCES ACQUISITIONS TOTALING $94 MILLION

Complete Production Services, Inc. (NYSE:CPX) acquired three companies during the past week to further strengthen its position as one of North America's leading oilfield service providers. The companies acquired by Complete provide well servicing, fluid handling, fishing & rental, drilling and slickline services in North America.

"As part of our initial public offering earlier this year, we made a commitment to our shareholders that we would acquire companies to grow and expand our positions in each of the markets we serve and extend our service and product offerings into new geographic areas," commented Joe Winkler, President and Chief Executive Officer. "These, and our other recent acquisitions, follow through on that commitment."

The three acquisitions include:

The Turner group of companies (Turner), which includes Loyd Jones Well Service and Turner Transportation, was acquired on July 28, 2006. Turner is based in Canadian, Texas, and provides well servicing, fluid handling and fishing and rental services. Turner will expand Complete's Mid-Continent operations into the highly active Texas Panhandle region of the Anadarko Basin.

The slickline business of Quinn Well Control, Ltd., based in Grande Prairie, Alberta, Canada, was acquired on July 31, 2006. This acquisition will strengthen Complete's slickline operations in the Canadian market with the addition of six premier slickline units. In addition, the acquisition provides intellectual property in the form of patented sliding sleeve technology.

Substantially, all the assets of Pinnacle Drilling Co., L.L.C. were acquired as of August 1, 2006. With three premier drilling rigs, two in the Barnett Shale region in north Texas and one in the Bossier Trend region in east Texas, this acquisition further expands Complete's capacity to drill the deep and horizontal wells sought by oil and gas producers in those areas.

"We are pleased to add to our company these businesses with high quality personnel and outstanding local reputations," noted Winkler. "These recent transactions are consistent with our strategy of creating value through acquisitions that subsequently provide additional organic growth opportunities." The combined purchase price of the three companies was approximately $94 million. The estimated trailing 12-month revenue and EBITDA of the three transactions were $80 million and $30 million respectively. These transactions bring the aggregate investment on a total of five acquisitions since the company's Initial Public Offering on April 26, 2006, to more than $125 million. Complete Production Services, Inc. provides completion, production and drilling services and products to the oil and gas industry in many of the most active basins throughout North America.

The foregoing 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. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risk and uncertainties. The forward-looking statements included herein are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry. The company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release.