Superior Energy Services Company News

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Superior Energy Eliminates Dividend
Thursday, March 31, 2016Oilfield services provider Superior Energy Services says it has approved the elimination of its quarterly dividend as it looks to shore up its finances amid a prolonged oil price slump.

PMI Energy Services Sets Up New Shorebase in Morgan City
Wednesday, October 22, 2014PMI Energy Services opens a shorebase in Morgan City, Louisiana, focused on supporting shelf, coastal and inland waters production and drilling activities.

Oil Billionaire Hamm Sold Superior Energy Stake Citing Weak Returns
Monday, August 11, 2014Harold Hamm recently sold his remaining stake in Superior Energy Services saying the stock wasn't providing the financial returns he'd hoped for, he told a court during his divorce trial.

Hallin Marine Bags Project off North West Java
Wednesday, July 24, 2013Hallin Marine bags contract for a project off the north west coast of Java, Indonesia.

HB Rentals Expands Rental Fleet with Linkable Onshore Skids
Friday, March 29, 2013HB Rentals adds linkable onshore skids to its rental fleet to provide more innovative solutions and products for customers' project needs.

HB Rentals Secures Middle East Work
Friday, March 15, 2013HB Rentals secures contracts to supply linkable sleeper units onboard liftboats in Abu Dhabi and Saudi Arabia and modules for a barge installing cables offshore Saudi Arabia.

OTC Announces Technology Awards
Friday, March 08, 2013The Offshore Technology Conference has announced 15 technologies that will receive the 2013 Spotlight on New Technology Award recognizing innovative new products that provide significant impact for offshore exploration and production.

Superior Energy Services Appoints Carlos Martin
Tuesday, December 04, 2012Superior Energy Services has named Carlos Mart?n Regional Director of Health, Safety, Environment and Quality (HSEQ) for Latin America.

HB Rentals Builds Custom Sleeper Offshore Brazil
Thursday, August 30, 2012HB Rentals has built an ABS-approved eight-man sleeper for use offshore Brazil, announced Glenn Aguilar, HB Rentals Vice President.

HB Rentals Welcomes New MENA Manager
Wednesday, November 16, 2011HB Rentals has appointed a business development manager for the Middle East and North Africa in line with growing demand and continued expansion in the region.

Superior Energy to Buy Rival Complete for $2.7B
Monday, October 10, 2011Superior Energy and Complete have unanimously approved a definitive merger agreement combining the companies into the premier diversified mid-cap oilfield services co.

Superior Energy Says Hello to VP of Well Control Engineering
Tuesday, August 16, 2011Wild Well Control, a Superior Energy Services company, has named Kerry Girlinghouse Vice President of Well Control Engineering.

Hallin to Provide ROV, Vessel Offshore Indonesia
Wednesday, February 16, 2011Hallin Marine is providing a vessel plus an ROV to assist in the deep burial of a major Indonesian offshore pipeline.

PMI to Set Up Shop in Tx.
Thursday, January 06, 2011Production Management Industries (PMI) will open a Mid-Continent base of operations in Midland, Texas.

Superior Completion Services Completes 1st Multi-Zone Single Trip
Thursday, November 11, 2010Superior Completion Services, a division of Superior Energy Services, has recently completed its first Multi-Zone Single Trip (MST) installation and hit several other milestones along the way.

Superior Estimates Impact of Drilling Moratorium
Thursday, June 10, 2010Superior announced the estimated impact on its second half of 2010 operations from the six-month moratorium on deepwater drilling in the GOM.

Superior Energy Appoints New Chief
Thursday, April 29, 2010Superior Energy has selected David Dunlap as Chief Executive Officer of the Company, effective immediately.

Superior Energy Welcomes New VP
Thursday, April 29, 2010Superior Energy has named Tom Rosegrant the Vice President of its Well Services Division, announced Pat Campbell, Executive Vice President – Technology Solutions Group.

Superior Energy Services Posts 2009 Financial Results
Thursday, February 25, 2010For the fourth quarter of 2009, Superior Energy Services' Gulf of Mexico revenue was approximately $104.5 million.

Superior Snaps Up Shell's Bullwinkle Assets in GOM
Tuesday, February 02, 2010Superior Energy Services now has ownership of Shell's Gulf of Mexico Bullwinkle platform, and related assets.

Superior Closes Hallin Marine Acquisition
Tuesday, February 02, 2010Superior closed its previously announced acquisition of Hallin on January 26, 2010. The Company paid approximately $162 million to acquire all of the equity in Hallin.

Hallin Takes Steps Toward a 'Superior' Future
Friday, December 11, 2009In accordance with the City Code on Takeovers and Mergers, the board of Hallin and Superior UK announced the terms of recommended proposals for an all cash acquisition by Superior UK of the entire issued and to be issued share capital of Hallin.

Stabil Drill Opens New Facility in Oklahoma City
Wednesday, June 24, 2009Stabil Drill, a Superior Energy Services company specializing in bottom hole assembly rental tools, has opened its new facility in Oklahoma City.

Superior Energy Services Named to Fortune 1000 List
Monday, April 27, 2009Superior Energy Services has been named to the 2009 Fortune 1000 list of the nation's largest companies, announced Terry Hall, chairman and chief executive officer.

Superior Energy Services Names Executive Vice President
Monday, April 13, 2009Superior Energy Services announced that Patrick J. Campbell has been named Executive Vice President.

Superior Energy Services Appoints Executive VP
Thursday, April 02, 2009Superior Energy Services announced that Patrick J. Campbell has been named Executive Vice President.

Superior Adds New Derrick Barge to Its Fleet
Wednesday, February 04, 2009Superior Energy Services received the newest vessel in its fleet, the 400-foot-long derrick barge Superior Pride.

Superior Energy Services Combines Assets to Form Pressure Pumping Division
Monday, December 08, 2008Superior Energy Services has combined its existing pumping assets to create a consolidated Pressure Pumping Services division.

Surperior Celebrates New Liftboat Superior Future
Monday, July 07, 2008Superior Energy Services' Marine Services Division recently christened its new 175-ft class liftboat, the Superior Future.

Superior Energy LiftBoat to be Christened
Monday, June 23, 2008Superior Energy Services' Marine Services Division will christen its new 175-foot class liftboat, the Superior Future.

Superior Energy Services Reports Q1 Revenues of $441.4 Million
Friday, May 02, 2008Superior Energy Services announced net income of $102.1M and diluted earnings per share of $1.24 on revenues of $441.4M, as compared to net income of $64.0M, or $0.78 diluted earnings per share on revenues of $362.9M for Q1 2007.

Superior Purchases 50% Interest in 4 Newbuild 265-ft. Class Liftboats
Wednesday, April 30, 2008Superior Energy Services, Inc. has purchased a 50% interest in two, 265-ft. class liftboats from Moreno Energy, Inc.

USA Superior Production Up at Bateman Oil Field
Monday, March 03, 2008USA Superior has 88 producing wells on approximately 1,200 acres on which the company is performing a two phase productivity improvement program.

Superior Energy Names Executive VP, General Counsel
Friday, February 29, 2008Superior Energy Services, Inc. reported that William B. Masters has been named Executive Vice President and General Counsel.

Superior Energy to Sell 75% of SPN Resources
Tuesday, February 26, 2008The Company will retain the preferential rights on all service work and has entered into a turnkey contract to perform well abandonment and decommissioning work associated with oil and gas properties owned and operated by SPN Resources at closing.

HB Rentals Finds Regular Customers in Africa, Caspian
Wednesday, February 20, 2008Offshore accommodation leader HB Rentals, a Superior Energy Services company, is delivering vital modular living area facilities to on and offshore projects in Angola and Azerbaijan through two new deals.

Break Out the Bubbly: Superior Energy Unveils New Liftboat
Friday, February 15, 2008The Superior Liberty has modern features, technology and design unique to its class including a 100-ton, 100-ft boom crane more commonly seen on larger vessels and a larger working deck and deckload.

HB Rentals Ticks the Boxes for KCA Deutag in Baku
Thursday, January 03, 2008Offshore specialist HB Rentals, a Superior Energy Services Company, is to supply drilling and engineering specialist KCA Deutag with a new high-specification module which brings the high standards of safety developed in the UKCS to Azerbaijan.

Superior Signs $750 Million in Contracts to Plug and Decommission Platforms
Wednesday, January 02, 2008The work will take place in water depths ranging from 85 feet to 135 feet and is expected to take three years to complete. Revenue and income will be recognized using the percentage-of-completion method.

HB Rentals Supplies Patriot with Engineering Cabin Offshore Australia
Thursday, December 27, 2007HB Rentals has delivered a 16ft x 8ft engineering cabin to Geoservices on a year-long contract, for deployment to the Ocean Patriot in the Basker and Manta fields, in the Gippsland basin offshore Australia.

Prejean Appointed Superior Energy VP of Corporate Sales in Houston
Friday, December 21, 2007Superior Energy Services has appointed John Prejean as Vice President of Corporate Sales – Houston.

Stabil Drill Purchases Donnie Williams Tools & J&S Hole Opener Rentals
Tuesday, October 09, 2007Stabil Drill, a Superior Energy Services Company, has acquired Donnie Williams Tool Company and J&S Hole Opener Rentals.

Superior Energy Services Opens Singapore Office
Wednesday, September 26, 2007Superior Energy Services has opened a new location in Singapore. This location will serve as a base of operations for Superior Energy Services' Marine Division, HB Rentals and Premier Oilfield Rentals.

Superior Energy to Repurchase $350 Million in Stock
Wednesday, September 19, 2007Superior Energy Services' Board has authorized a $350 million share repurchase program that expires on December 31, 2009.

Quality Production Management Buys Unit of Production Management Industries
Monday, May 14, 2007Quality Production Management, a sister company of Lafayette-based Quality Construction and Production, has purchased the contract operations division of Production Management Industries from Superior Energy Services.

New Deals Boost Duffy and McGovern in SE Asia, Australia
Tuesday, April 17, 2007Duffy and McGovern has secured three new deals in Australia and China, boosting its order book in Southeast Asia and Australasia by more than £100,000 (US$197,000).

Superior Energy Services Acquires Duffy & McGovern
Tuesday, January 23, 2007Superior Energy Services has acquired Duffy & McGovern Accommodations Services Limited for $47 million in cash.

Malley to Spearhead Rocky Mountain Growth for Superior
Tuesday, January 23, 2007Superior Energy Services has named Chuck Malley vice president of business development for the Well Solutions Group's Rocky Mountain Region.

Superior Energy Services Completes Acquisition of Warrior Energy
Thursday, January 18, 2007Superior Energy Services has completed the acquisition of Warrior Energy Services Corporation for approximately $175 million in cash and 5.3 million shares of common stock.