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HORNBECK ANNOUNCES SUPPLY VESSEL FLEET PURCHASE

 HORNBECK ANNOUNCES SUPPLY VESSEL FLEET PURCHASE
 GALVESTON, Texas, Nov. 4 /PRNewswire/ -- Hornbeck Offshore Services,


Inc. (NASDAQ: HOSS) ("Hornbeck") announced today that it has entered into Agreements to acquire 20 large offshore supply vessels and one utility vessel from Petrol Marine Corporation and related companies (collectively, "Petrol Marine"). Petrol Marine owns and operates 19 vessels in the Gulf of Mexico and two in the North Sea from its headquarters in Houma, La. The purchase price consideration will consist of cash, notes and Hornbeck Common Stock. The Agreements are subject to final documentation and completion of due diligence.
 Larry D. Hornbeck, president, chairman and chief executive officer of Hornbeck Offshore Services, Inc., and Bruce Hunt, executive officer of the selling corporations, stated that: "The consolidation of Petrol Marine's vessels with Hornbeck fleet should create operating efficiencies and is expected to benefit shareholders, customers and employees. As a result of the acquisition, Hornbeck will be one of the larger supply vessel operators in the world with a fleet of 52 vessels."
 Simmons & Company International of Houston, is serving as the financial advisor to Hornbeck.
 The company is engaged in the worldwide offshore marine services business, primarily serving the oil and gas industry through its operation and management of a diversified fleet of vessels. The fleet consists of supply, tug-supply, utility, crew, container hauling and research vessels. The company maintains offices in Galveston, Texas and Morgan City, La. The company's common stock is traded on the NASDAQ National Market System under the symbol "HOSS".
 -0- 11/4/92
 /CONTACT: Robert W. Hampton, vice president, treasurer and chief financial officer of Hornbeck Offshore Services, Inc., 409-762-8228 or 713-488-0067/
 (HOSS) CO: Hornbeck Offshore Services, Inc. ST: Texas IN: OIL SU: TNM


LR -- NY031 -- 2436 11/04/92 11:27 EST
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Publication:PR Newswire
Date:Nov 4, 1992
Words:294
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