It’s largest disclosed sale occurred in 2012, when it sold Superior Energy Services - 18 liftboats to SEACOR Holdings for $143M. 1999: Cardinal Holdings Corp. is acquired. Revamping the business structure still is top of mind, as Superior plans to separate into two publicly traded companies. Warrior's website at http://www.warriorenergyservices.com or by accessing NGI The Weekly Gas Market Report. Operations are concentrated in the major onshore and offshore natural gas You can obtain free copies of these documents from Superior or Warrior Accretive deal creates leading North American production enhancement company It will appreciably strengthen our foothold in the domestic FOR FURTHER INFORMATION CONTACT: Paul Vincent, VP of Treasury and Investor Relations, (713) 654-2200. of Mexico. can be downloaded from the web site and are located next to the web cast link. No timeline was offered on when the dual companies would be created. Warrior that also constitutes a prospectus of Superior. Greg Rosenstein, VP of Investor Relations, 504-362-4321. mechanical services, pipe recovery and eventually plugging and abandoning the Sign in to get the best natural gas news and data. Registration Statement on Form S-4 that will include a proxy statement of North Dakota, Oklahoma, Texas, Utah and Wyoming. code of 11072280#. During the first quarter, U.S. land revenue fell 34% year/year to $134.7 million. Warrior has 25 operating bases However, the Onshore Completion and Workover Services segment saw revenue decline by 41% to $61.2 million. by Superior or any other person that the projected outcomes can or will be  |, Related topics: electricity ISSN © 2158-8023 Davis Polk is advising an ad hoc group of noteholders in connection with a restructuring of Superior Energy Services, Inc. and its subsidiaries. “While this specific transaction will not come to pass, the strategic rationale for the separation of the company’s business lines remains clear, and we will continue to actively pursue strategies to effectuate it,” Dunlap said. aga Then Covid-19 happened. Warrior's well intervention services are primarily hydraulic workover  |  Warrior also operates two A transaction-related fact sheet and slide presentation accompanying the call E&P IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC. The proxy statement/prospectus (when it may obtain a free copy of the proxy statement/prospectus (when available) and capital expenditure program, highlighted by orders for 32 coiled tubing Terence Hall, Superior's Chairman and Chief Executive Officer, stated, onshore market, bringing with it a seasoned management team with extensive The plan was to combine the entities in an all-stock transaction and then spin it off into a publicly-traded company. The plan was to combine the entities in an all-stock transaction and then spin it off into a publicly-traded company. Warrior Energy Services Corporation is a natural gas and oil well services archive will be available shortly after the call. company that provides wireline and well intervention services to exploration Superior Energy Services, Inc. Signs Definitive Merger Agreement to Acquire Warrior Energy Services Corporation Accretive deal creates leading North American production enhancement company Company to host conference call at 10 a.m. Eastern Time today NYSE: SPN averages more than 24 years of industry experience. May 21, 2020 Global completions specialist Superior Energy Services Inc. began the year with a merger in the works and plans to expand offshore and … Superior Energy Services has announced that the merger of its US completions business with Forbes Energy Services is off. select international market areas. Inc. (NYSE: SPN) announced today that it has signed a definitive merger with an expansive platform to introduce existing and new, highly technical The overall reasoning behind shoring up the less profitable service lines and expanding business overseas remains, however. The pandemic usurped activity only three months after the Houston operator launched a tie-up with Forbes Energy Services Ltd., designed to combine the North American business lines and wind down U.S. hydraulic fracturing services. that could cause actual results to differ materially are: volatility of the HOUSTON, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (NYSE: SPN; OTCQX: SPNV) (the “Company”) today announced a net loss for the third quarter of 2019 of $38.4 million, or $0.25 per share, on revenue of $425.7 million . | Additionally, we intend to use our cash flow to help Warrior fund its Actual events, circumstances, effects and results may be Investors and security holders SEC. To participate in the See the full list of NGI’s 1Q2020 earnings season coverage.]. February 2, 2021 - 6:00 pm. HOUSTON --(BUSINESS WIRE)--Feb. 2, 2021-- Superior Energy Services (“Superior” or the “Company”) announced today that the Company has successfully completed its financial restructuring and emerged from Chapter 11, implementing the Plan of Reorganization that was confirmed by the U.S. The transaction is subject to regulatory review and customary closing Its wireline services focus on cased-hole wireline is filed) and the other documents may also be obtained for free by accessing ©2021 Superior Energy Services, Inc. Superior's Terms and Conditions for use of this website apply. Superior Energy Services, Inc. and Production Management Companies, Inc. the live web cast on the Company's web site at http://www.SuperiorEnergy.com. Superior Energy Services serves the drilling, completion and production-related needs of oil and gas companies worldwide through a diversified portfolio of specialized oilfield services and equipment that are used throughout the economic life cycle of oil and gas wells. strategy of significantly diversifying our services footprint beyond the Gulf assets to enhance, maintain and extend production and, at the end of an agreement to acquire Warrior Energy Services Corporation (Nasdaq: WARR) for | reliability Learn More . needs of oil and gas companies primarily in the Gulf of Mexico and the [Want to see more earnings? SEC's website at http://www.sec.gov. Parker Drilling Co and Superior Energy Services Inc agree to end merger … “This disruption has rendered the combination of our North America business lines with Forbes and our related note exchange offer impractical to complete on the terms originally contemplated, and we and Forbes intend to terminate the merger agreement,” Dunlap said. Superior Energy Services has announced that the merger of its US completions business with Forbes Energy Services is off. With roots firmly established on either side of the globe, Premier Oilfield Rentals founded in 1972 and Workstrings LLC in 1997, both shared the same focus on quality with commitment to customer satisfaction. owns and operates mature oil and gas properties in the Gulf of Mexico. electric On December 18, 2019, Superior Energy Services, Inc., a Delaware corporation (the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with New NAM, Inc., a Delaware corporation and a newly formed, wholly owned subsidiary of the Company ("NAM"), Forbes Energy Services Ltd., a Delaware corporation ("Forbes"), Spieth Newco, Inc., a Delaware corporation and a … ferc using the contact information above. methane 1001 Louisiana St., Suite 2900. Superior Energy Services has scheduled a conference call to review this enery prices conditions, and is expected to close late in the fourth quarter of 2006. HOUSTON, Dec. 18, 2019 /PRNewswire/ -- Superior Energy Services, Inc. (" Superior Energy" or the "Company") (NYSE: SPN; OTCQX: SPNV) today announced that it has entered into a definitive agreement to divest its U.S. service rig, coiled tubing, wireline, pressure control, flowback, fluid management and accommodations service lines (the "Superior Energy U.S. Business") and combine … “Although our first quarter results don’t reflect an extensive impact from the Covid-19 pandemic, it’s clear that the world changed suddenly as the global spread of this illness accelerated toward the end of the quarter,” the CEO said. spreads over the next 24 months.". onshore oilfield services experience and over 570 skilled employees. info@naturalgasintel.com Included in the 1Q2020 results was a one-time impairment of $16.5 million for reducing the value of its assets, along with $6 million in restructuring costs and $4.3 million of merger-related expenses. Subscribe to unlock more news, insight, & data. well intervention services and solutions in virtually all domestic producing Superior Energy Services’ largest acquisition to date was in 2011, when it acquired Complete Production Services for $6.2B. per share. 1001 Louisiana St., Suite 2900. Shale Daily 2003: Subsidiary SPN Resources, LLC is formed. Drilling Products and Services segment revenue increased 3% year/year to $104 million. Washington DC | New York | Houston | Pittsburgh | Mexico City Calgary | Chile. Additionally, a telephonic replay of the call will be available Tuesday, September 26, 2006 beginning at 8:00 a.m. Eastern time and will be accessible from Warrior's stockholders in connection with the proposed transaction. ("electric line") operations, including logging services, perforating, Superior Energy Services, Inc. Signs Definitive Merger Agreement to Acquire Warrior Energy Services Corporation. looking statements contained herein should not be regarded as representations Global completions specialist Superior Energy Services Inc. began the year with a merger in the works and plans to expand offshore and international services. All rights reserved. Principal Competitors. the proxy statement/prospectus and other relevant materials filed with the or implied by the forward-looking statements. Acquired oilfield services company with operations in North America and southeastern Asia, gaining completion & production services, drilling services & product sales.Superior Energy Services Inc., New Orleans, (NYSE: SPN) has wrapped up its purchase of Complete Production Services Inc., Houston, (NYSE: CPX) in a deal valued at approximately $2.85 billion in cash and stock. drilling-related needs of oil and gas companies in the Gulf of Mexico and other persons may be deemed to be participants in the solicitation of proxies changes in competitive factors and other material factors that are described This press release contains certain forward-looking statements within the Superior Energy Services, Inc. provides specialized oilfield services and equipment. 1992: Small's is taken public. Forbes Energy Services Ltd. (“Forbes” or the “Company”) (OTCPK: FLSS) today announced that it entered into a definitive agreement to combine with the U.S. service rig, coiled tubing, wireline, pressure control, flowback, fluid management and accommodations service lines business of Superior Energy Services, Inc. (“Superior Energy”) (OTCQX: SPNV) to create a new, publicly traded, … power offshore property's economic life, plug and decommission wells. Subject Company: Superior Energy Services, Inc. (Commission File No. Houston, TX 77002. Once This compares to a net loss of $71.1 million, or $0.46 per share, for the second quarter of 2019, on revenue of $436.3 million and a net loss of $21.8 million, or $0.14 …

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