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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): June 21, 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 June 21, 2000, Superior Energy Services, Inc. issued the press
release attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Exhibits.
99 Press release issued by Superior Energy Services, Inc. on
June 21, 2000.
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: June 21, 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 SERVICES ACQUIRES HB RENTALS, L.C.
(Harvey, LA, Wednesday, June 21, 2000) Superior Energy Services, Inc.
(NASDAQ: SESI) today announced the acquisition of HB Rentals, L.C., and its
subsidiary Eagle Rentals Co., Inc., leading providers of on-site
accommodation units for onshore and offshore use.
Through its field locations in Lafayette, La., and Alvin and Alice, Texas,
HB Rentals services the Gulf Coast onshore oil and gas markets and the
offshore Gulf of Mexico oil and gas market. The company's rental fleet
includes more than 200 onshore housing units, 46 offshore accommodation
facilities and ancillary rental items needed to fully operate drilling and
workover camps, such as water tanks, sewer systems, light plants and
generators. HB also manufactures offshore facilities for sale, and offers
refurbishment and repair services for existing facilities. The company is
also a distributor of polyethylene tanks.
"HB Rentals will complement our Oilfield Rentals segment as well as provide
Superior with new areas of growth opportunities," said Terry Hall,
President and CEO of Superior Energy Services. "The addition of HB
provides us a significant presence in the growing South Texas market, where
we will have a foundation to provide South Texas operators with well
services, wireline services and rental tools."
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. 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.