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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 11, 2000
SUPERIOR ENERGY SERVICES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-20310 75-2379388
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1105 Peters Road, Harvey, Louisiana 70058
(Address of principal executive offices) (Zip Code)
(504) 362-4321
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS.
On May 10, 2000, Superior Energy Services, Inc. issued the press
release attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(b) Exhibits.
99 Press release issued by Superior Energy Services, Inc. on
May 10, 2000 announcing the purchase of six liftboats from
Trico Marine Services, 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 hereunto duly authorized.
SUPERIOR ENERGY SERVICES, INC.
By: /S/ ROBERT S. TAYLOR
-----------------------------
Robert S. Taylor
Chief Financial Officer
Dated: May 11, 2000
1105 Peters Road
Harvey, Louisiana 70058
(504) 362-4321
Fax (504) 362-1818
NASDAQ:SESI
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION CONTACT:
Terence Hall, CEO; Robert Taylor, CFO;
Greg Rosenstein, Director of Investor Relations,
504-362-4321
SUPERIOR ENERGY ACQUIRES SIX LIFTBOATS
(Harvey, LA, Wednesday, May 10, 2000) Superior Energy Services, Inc. (NASDAQ:
SESI) today announced the acquisition of six liftboats from Trico Marine
Services, Inc. for $14 million.
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.
"We 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 projects."
The 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.