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                 U.S. SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

                               FORM 10-QSB

(Mark One)
   X            QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) 
                  OF THE SECURITIES EXCHANGE ACT OF 1934
               For the quarterly period ended March 31, 1997

                                    or

                 TRANSITION REPORT UNDER SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934
              For the Transition Period From .........to........

                      Commission File No. 0-20310


                     SUPERIOR ENERGY SERVICES, INC.
      (Exact name of small business issuer as specified in its charter)

          Delaware                                      75-2379388
(State or other jurisdiction of                       (I.R.S. Employer
 incorporation or organization)                      Identification No.)

 1503 Engineers Road
 Belle Chasse, New Orleans, LA                            70037
(Address of principal executive offices)                (Zip Code)

                  Issuer's telephone number: (504) 393-7774


     Check whether the issuer: (1) filed all reports required to be filed by 
Section 13 or 15 (d) of the Exchange Act during the past 12 months (or for 
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.  

Yes   X     No 
    

     The number of shares of the Registrants' common stock outstanding on 
April 30, 1997 was 19,027,867


 PART 1.  FINANCIAL INFORMATION

Item 1. Financial Statements

                    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
                         Condensed Consolidated Balance Sheets
                          March 31, 1997 and December 31, 1996
                                     (in thousands)

                                           3/31/97         12/31/96
                                         (Unaudited)      (Audited)
ASSETS
Current assets:
  Cash and cash equivalents               $    726        $    433
  Accounts receivable - net                  9,120           6,966
  Inventories                                1,223           1,197
  Deferred income taxes                        137             137
  Other                                        436             345
                                          --------        --------
             
             Total current assets           11,642           9,078

Property, plant and equipment - net         15,391           9,894

Goodwill - net                              10,738           8,239

Patent - net                                 1,101           1,126
                                          --------        --------
           
           Total assets                   $ 38,872        $ 28,337
                                          ========        ========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Notes payable - bank                    $  1,425        $    351
  Accounts payable                           2,342           1,800
  Notes payable - other                        903           1,171
  Unearned income                              519             392
  Accrued expenses                           1,159           1,362
  Income taxes payable                       1,243           1,208
  Other                                        200             200
                                          --------        --------
           
           Total current liabilities         7,791           6,484
                                          --------        --------

Deferred income taxes                        2,349           1,254
Long-term debt                               4,975             250
Stockholders' equity
  Preferred stock of $.01 par value.
     Authorized, 5,000,000 shares; 
     none issued                                 -               -
  Common stock of $.001 par value.
     Authorized, 40,000,000 shares; 
     issued, 19,027,867                         19              19
  Additional paid-in capital                21,437          19,551
  Retained earnings                          2,301             779
                                          --------        --------
          
          Total stockholders' equity        23,757          20,349
                                          --------        --------
          
          Total liabilities and 
             stockholders' equity         $ 38,872        $ 28,337



                    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
                    Condensed Consolidated Statements of Operations
                       Three Months Ended March 31, 1997 and 1996
                         (in thousands, except per share data)
                                      (unaudited)


                                             1997             1996
                                             ----             ----
Revenues                                  $    9,180       $    4,640 
                                          ----------       ----------
Costs and expenses:
  Costs of services                            4,298            2,271 
  Depreciation and amortization                  491              293 
  General and administrative                   2,034            1,182 
                                          ----------       ----------
          
          Total costs and expenses             6,823            3,746 
                                          ----------       ----------

Income from operations                         2,357              894 

Other income(expense):
  Interest expense                               (85)             (30)
  Other                                            -              165 
       
       Income before income taxes              2,272            1,029 

Provision for income taxes                       750              309 
                                          ----------       ----------

Net income                                $    1,522       $      720 
                                          ==========       ==========
Net income per common
  share and common share
  equivalent                              $     0.08       $     0.04 
                                          ==========       ==========

Weighted average shares outstanding       20,322,300       17,072,916 
                                          ==========       ==========


                    SUPERIOR ENERGY SERVICES, INC. AND SUBSIDIARIES
                    Condensed Consolidated Statements of Cash Flows
                       Three Months Ended March 31, 1997 and 1996
                                     (in thousands)
                                      (unaudited)


                                              1997             1996
Cash flows from operating activities:
   Net income                                           $  1,522   $    720
   Adjustments to reconcile net income to net
     cash provided by operating activities:       
       Depreciation and amortization                         491        293 
       Unearned income                                       126       (174)
       Changes in operating assets and liabilities, 
         net of acquisition:
           Accounts receivable                            (1,364)       401 
           Notes receivable                                    -          -
           Inventories                                       (18)       (78)
           Other - net                                       205       (103)
           Accounts payable                                  388       (773)
           Due to shareholders                              (268)       (15)
           Accrued expenses                                 (338)      (109)
           Income taxes payable                              (21)       107 
                                                        --------   --------
Net cash provided by operating activities                    723        269 
                                                        --------   --------

Cash flows from investing activities:
   Acquisition of business, net of cash acquired          (3,917)         -
   Payments for purchases of property and equipment       (1,258)      (221)
   Proceeds from sale of property and equipment                -        351
   Deferred payment for acquisition of Oil Stop, Inc.          -     (2,000)
                                                        --------   --------
       Net cash used in investing activities              (5,175)    (1,870)
                                                        --------   --------

Cash flows from financing activities:
   Notes payable - bank                                    4,745     (1,015)
                                                        --------   --------
       Net cash provided by (used in) financing 
         activities                                        4,745     (1,015)
                                                        --------   --------
       
       Net increase (decrease) in cash                       293     (2,616)

Cash and cash equivalents at beginning of period             433      5,068 
                                                        --------   --------
       
Cash and cash equivalents at end of period              $    726   $  2,452 
                                                        ========   ========


                       SUPERIOR ENERGY SERVICES, INC.
                              AND SUBSIDIARIES

            Notes to Condensed Consolidated Financial Statements
                 Three Months Ended March 31, 1997 and 1996


(1)  Basis of  Presentation

Certain   information   and   footnote  disclosures  normally  in  financial
statements  prepared  in  accordance   with  generally  accepted  accounting
principles have been condensed or omitted  pursuant to rules and regulations
of the Securities and Exchange Commission; however,  management believes the
disclosures  which  are made are adequate to make the information  presented
not misleading.  These  financial statements and footnotes should be read in
conjunction with the financial  statements and notes thereto included in the
Company's Annual Report on Form 10-KSB  for the year ended December 31, 1996
and the accompanying notes and Management's  Discussion and Analysis or Plan
of Operation.

The financial information for the three months  ended  March  31,  1997  and
1996,  has  not  been  audited.   However, in the opinion of management, all
adjustments (which include only normal  recurring  adjustments) necessary to
present fairly the results of operations for the periods presented have been
included therein.  The results of operations for the  first  three months of
the  year are not necessarily indicative of the results of operations  which
might  be expected for the entire year.  Certain previously reported amounts
have been reclassified to conform to the 1997 presentation.

(2) Business Combinations

The Company, pursuant to a stock purchase agreement dated February 28, 1997,
acquired all of the outstanding common stock of Nautilus Pipe & Tool Rental,
Inc. and Superior Bearing & Machine Works, Inc. (collectively doing business
as "Concentric Pipe & Tool Rentals") for $4,000,000 cash, 420,000 restricted
shares of  the Company's common stock and a promissory note in the principal
amount of $2,150,000.   The  amount  payable  under  the  promissory note is
subject to certain contingencies and is not reflected in the  purchase price
which approximated $5,838,000.  Concentric Pipe & Rental Tools is engaged in
the  business  of  renting  specialized  equipment  used in the exploration,
development  and production of oil and gas and has operating  facilities  in
Houma and Lafayette, Louisiana.

Subsequent to  March  31,  1997, the Company acquired all of the outstanding
common  stock of F & F Wireline  Service,  Inc.  for  $900,000  cash  and  a
promissory  note  of $600,000.  The amount payable under the promissory note
is subject to certain  minimum  earnings  requirements  through December 31,
1999.


Item 2. Management's Discussion and Analysis or Plan of Operation

Comparison of the Results of Operations for the Quarter Ended March 31, 1997
and 1996

Net income for the quarter ended March 31, 1997 increased 111% to $1,522,000
from  $720,000   for the quarter ended March 31, 1996.  Earnings  per  share
increased to $.08 per share from $.04 per share in the prior period.

The  Company's  revenues increased  98% to  $9,180,000 for the quarter ended
March 31, 1997 as  compared to  $4,640,000 for  the quarter ended  March 31,
1996.  Approximately  60% of  the increase  in revenues  is  the  effect  of 
acquisitions made in the last year,  including the acquisition of Concentric 
Pipe & Tool Rentals which was consummated on February 28, 1997. The remaining 
increase is a result of increased levels of activity in plug and abandonment 
and the continuing expansion of the Company's oilfield rental tool business.

Gross margins increased  to  53.2% for the quarter ended March 31, 1997 from
51.1% for the quarter ended March  31,  1996.  The increase is primarily the
result  of  decreased  usage  of rented marine  equipment,  greater  service
efficiencies and an increase in  the gross margin attributable to the rental
tool and data acquisition businesses  which tend to have higher margins than
the plug and abandonment business.

Depreciation and amortization increased  nearly  68%  in  the  quarter ended
March 31, 1997 over the quarter ended March 31, 1996.  Most of this increase
is  associated  with  the  acquisitions made in the past year.  General  and
administrative expenses were  22.2%  of  revenue for the quarter ended March
31, 1997 as compared to 25.5% of revenues  for  the  quarter ended March 31,
1996.

Capital Resources and Liquidity

Net cash generated from operations was $723,000 for the  first quarter ended
March 31, 1997.  This is an increase of $454,000 as compared  to  the  first
quarter  ended  March  31,  1996.  The  Company's  working  capital position
improved  to  $3,851,000  at  March  31,  1997 as compared to $2,594,000  at
December 31, 1996.  The company's current ratio  also  improved  from 1.4 at
December 31, 1996 to nearly 1.5 at March 31, 1997.

The Company's earnings before interest, taxes, depreciation and amortization
(EBITDA)  increased  to  $2,848,000 for the quarter ended March 31, 1997  as
compared to $1,187,000 for  the  quarter ended March 31, 1996.  The increase
in EBITDA is a result of the Company's  increased  activity  levels and  the
impact of the Company's acquisitions in the last year.

In February 1997, the Company acquired all of the outstanding  common  stock
of  Nautilus  Pipe & Tool Rental, Inc. and Superior Bearing & Machine Works,
Inc. (collectively  doing  business as "Concentric Pipe & Tool Rentals") for
$4,000,000 cash, a promissory note in the principal amount of $2,150,000 and
420,000 shares of the Company's restricted common stock.  The amount payable
under  the  promissory  note  is   subject   to   certain  minimum  earnings
requirements through December 31, 1999.

On April 30, 1997, the Company acquired all of the  outstanding common stock
of F & F Wireline Service, Inc. for $900,000 and a promissory  note  in  the
amount of $600,000.  The amount payable under the promissory note is subject
to certain minimum earnings requirements through December 31, 1999.

In February 1997, in connection with the Company's acquisition of Concentric
Pipe  &  Tool Rentals, the Company borrowed $4,000,000, which bears interest
at the lender's  prime  rate  and  requires  no  principal  payments through
December 31, 1997 at which time it will convert to a five or seven year term
loan  (at the Company's option) with principal and interest payable  monthly
at an interest rate of 8.25%.

The Company  also maintains a revolving credit facility of $4.0 million.  At
March 31, 1997  there  was  approximately  $1,185,000 outstanding under this
facility.  Management  believes  the combination  of  working  capital,  the
revolving credit facility and cash  flow from operations provide the company
with sufficient resources and liquidity  to  mange  its  routine operations.
Any strategic acquisitions will be funded with borrowed cash,  newly  issued
common stock or a combination of cash and common stock.

Inflation  has  not  had  a  significant  effect  on the Company's financial
condition or operations in recent years.


PART II.  OTHER INFORMATION

Item 2.  Changes in Securities

On February 28, 1997, the Company acquired all of the outstanding common
stock of Nautilus Pipe & Tool Rental, Inc. and Superior Bearing & Machine
Works, Inc. for, among other things, 420,000 shares of the Company's Common
Stock.  These shares were issued in a transaction that did not involve a
public offering within the meaning of Section 4(2) of the Securities Act of
1933 and were also issued solely to an accredited investor pursuant to
Section 4(6) thereunder.

The Company also issued 10,822 shares of common stock to an employee in
connection with his severance.  These shares were issued in a transaction
that did not involve a public offering within the meaning of Section 4(2) of
the Securities Act of 1933.

Item 6.  Exhibits and Reports on Form 8-K

a)  The following exhibits are filed with this Form 10-QSB

    2.1  Stock Purchase Agreement between  Superior  Energy  Services, Inc.
         and  John C. Gordon dated  as of February 28, 1997.  Incorporated  
         by reference from Exhibit 2.1 to  the Registrant's Current Report 
         on Form 8-K dated March 14, 1997.

   27.1  Financial Data Schedule

b)  Reports on Form 8-K.  The Company  filed  a  Current  Report on Form 8-K
under items 2 and 7 dated March 14, 1997 reporting the acquisition, pursuant
to  a  merger  of Nautilus Pipe & Tool Rental, Inc. and Superior  Bearing  &
Machine Works, Inc..



                                 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                 SUPERIOR ENERGY SERVICES, INC.



Date:  May 14, 1997                 By: /s/ Terence E. Hall
                                       -------------------------------
                                                Terence E. Hall
                                       Chairman of the Board,
                                       Chief Executive Officer and President
                                       (Principal Executive Officer)



Date:  May 14, 1997                 By: /s/ Robert S. Taylor
                                       -------------------------------
                                               Robert S. Taylor
                                       Chief Financial Officer
                                       (Principal Financial and 
                                       Accounting Officer)




 

5 3-MOS DEC-31-1997 MAR-31-1997 726,000 0 9,279,000 (159,000) 1,223,000 11,642,000 17,444,000 (2,052,000) 38,872,000 7,791,000 0 0 0 19,000 23,738,000 38,872,000 9,180,000 9,180,000 4,298,000 6,823,000 0 0 85,000 2,272,000 750,000 1,522,000 0 0 0 1,522,000 0.08 0.08