|Superior Energy Acquires Six Lift Boats|
The additional liftboats, which range in leg length from 130 feet to 170
feet, will increase Superior’s fleet from 42 to 48, including 30 liftboats in
the Company’s rental fleet and 18 in its wireline fleet – more than any
other liftboat operator worldwide.
are extremely pleased to add these liftboats to our rental fleet, particularly
at a time when dayrates and utilization are trending up from first quarter
levels,” said Terry Hall, Superior’s President and CEO. “Liftboats are an
integral part of our strategy to offer a full suite of complementary
production-related services and are the gateway to our well and wireline service
offerings. Because they can be used as work platforms, equipment staging
areas and crew quarters, the Company’s liftboats can be bundled with our other
services or can be leased to third parties to support a variety of offshore
Company will take delivery of four of the six liftboats today and will take
delivery of the other two liftboats by early June.
Superior Energy Services, Inc.
provides a broad range of specialized oilfield services and equipment primarily
to major and independent oil and gas companies engaged in the exploration,
production and development of oil and natural gas properties offshore in the
Gulf of Mexico and throughout the Gulf Coast region. These services and equipment include the rental of liftboats,
rental of specialized oilfield equipment, electric and mechanical wireline
services, well plug and abandonment services, coiled tubing services and
engineering services. Additional
services provided include contract operating and supplemental labor, offshore
construction and maintenance services, offshore and dockside environmental
cleaning services, the manufacture and sale of drilling instrumentation and the
manufacture and sale of oil spill containment equipment.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which involve known and unknown risks, uncertainties and other factors. Among the factors that could cause actual results to differ materially are: volatility of the oil and gas industry, including the level of exploration, production and development activity; risks associated with the Company’s rapid growth; changes in competitive factors and other material factors that are described from time to time in the Company’s filings with the Securities and Exchange Commission. Actual events, circumstances, effects and results may be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Consequently, the forward-looking statements contained herein should not be regarded as representations by Superior or any other person that the projected outcomes can or will be achieved.