Superior Energy Services

Superior Energy Services, Inc.
Type	Public
Traded as	NYSE: SPN; S&P 400 Component
Industry	Oil and Gas
Headquarters	Houston, Texas, United States
Key people	David Dunlap (CEO), President and CEO
Subsidiaries	Wild Well Control, CSI Technologies

Previous Superior Energy Services logo

Superior Energy Services, Inc. is an oilfield services company. In 2014 it ranked 534 on the Fortune 1000.

History

The company was founded in 1989 by Terence Hall, a native of Louisiana. It had an initial public offering in 1995, when it became listed on the New York Stock Exchange. Hall remained CEO of the company until he stepped down in 2010 and was replaced by current CEO David Dunlap.^[1]

In 2012, the company grew significantly with its acquisition of Complete Production Services for approximately $2.7 billion.^[2]

Stock Price Fall

Between February 2019 and the end of 2019 Superior Energy Stock fell from $56.30 on February 19, 2019 to $5.01 on December 31, 2019. The bottom was September 27, 2019 when the stock fell to $0.85. ^[3]

Rig Seizures by Venezuela

On October 31, 2013, two oil rigs belonging to Superior Energy Services were seized by the government of Venezuela. The company had shut down the rigs for several months as a result of a dispute over unpaid bills with the state-owned oil company PDVSA.^[4]

References

↑ "Superior Energy Services picks David Dunlap as its new CEO". Times-Picayune. 29 April 2010. http://www.nola.com/business/index.ssf/2010/04/superior_energy_services_picks.html. Retrieved 19 May 2015.
↑ Scott, Mark (10 October 2011). "Superior Energy to Acquire Complete for $2.7 Billion". New York Times. https://dealbook.nytimes.com/2011/10/10/superior-energy-to-acquire-complete-for-2-7-billion/?_r=0. Retrieved 19 May 2015.
↑ https://snapshot.fidelity.com/fidresearch/snapshot/landing.jhtml#/researchReports?symbol=SPN
↑ "Venezuela's government seizes U.S.-owned oil rigs". CBS News. Associated Press (Caracas, Venezuela). 1 November 2013. http://www.cbsnews.com/news/venezuelas-government-seizes-us-owned-oil-rigs/. Retrieved 18 May 2015.

External links

Company Website

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[HallDunlop-1] "Superior Energy Services picks David Dunlap as its new CEO". Times-Picayune. 29 April 2010. http://www.nola.com/business/index.ssf/2010/04/superior_energy_services_picks.html. Retrieved 19 May 2015.

[CompleteProduction-2] Scott, Mark (10 October 2011). "Superior Energy to Acquire Complete for $2.7 Billion". New York Times. https://dealbook.nytimes.com/2011/10/10/superior-energy-to-acquire-complete-for-2-7-billion/?_r=0. Retrieved 19 May 2015.

[3] ttps://snapshot.fidelity.com/fidresearch/snapshot/landing.jhtml#/researchReports?symbol=SPN

[VenezuelaseizureCBS-4] "Venezuela's government seizes U.S.-owned oil rigs". CBS News. Associated Press (Caracas, Venezuela). 1 November 2013. http://www.cbsnews.com/news/venezuelas-government-seizes-us-owned-oil-rigs/. Retrieved 18 May 2015.

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