Dynamic Offshore Resources, Inc. (“Dynamic” or the “Company”) announced today that it has commenced an initial public offering of 16,666,667 shares of its common stock. The selling stockholders named in the registration statement expect to grant the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of the Company’s common stock. The common stock will be listed on the New York Stock Exchange and traded under the symbol “DOR.” Dynamic intends to use the net proceeds from the offering to repay outstanding borrowings under the Company’s revolving credit facility. Dynamic will not receive any proceeds from the sale of any shares by the selling stockholders.

The offering will be made pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission. Citigroup, Credit Suisse, Deutsche Bank Securities, Tudor, Pickering, Holt & Co. and UBS Investment Bank are acting as joint book-running managers for the offering. The offering of these securities is being made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from the offices of: Citigroup, Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, or by calling (800) 831-9146, or by emailing batprospectusdept@citi.com; from Credit Suisse, Attention: Prospectus Department, One Madison Avenue, Level 1B, New York, NY 10010, or by calling (800) 221-1037; from Deutsche Bank Securities, Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311-3988, or by calling (800) 503-4611; from Tudor, Pickering, Holt & Co., Attention: Prospectus Department, Heritage Plaza, 1111 Bagby, Suite 5100, Houston, TX 77002, or by calling (713) 333-7100; or from UBS Investment Bank, Attention: Prospectus Department, 299 Park Avenue, New York, New York 10171, or by calling (888) 827-7275.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement is available on the SEC’s web site at www.sec.gov under the registrant’s name, “Dynamic Offshore Resources, Inc.” This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release includes statements regarding the offering that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control.

Dynamic Offshore Resources, Inc. is an independent exploration and production company focused on the acquisition and development of producing oil and natural gas properties in the Gulf of Mexico.