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Last $16.66 USD
Change Today -0.34 / -2.00%
Volume 4.0M
SPN On Other Exchanges
SPN is not on other exchanges.
As of 4:15 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1001 Louisiana Street

Suite 2900

Houston, TX 77002

United States

Phone: 713-654-2200

Fax: 713-654-2205

Superior Energy Services, Inc. provides services and products to the energy industry related to the exploration, development and production of oil and natural gas. Segments The company operates in four business segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions (formerly, Subsea and Technical Solutions). The company also provides supplemental segment information in three geographic areas: U.S. land; Gulf of Mexico; and International. Products and Services The company offers specialized oilfield services and equipment categorized by their typical use during the economic life of a well. A description of the products and services offered by each of four segments is as follows: Drilling Products and Services This segment includes downhole drilling tools and surface rentals. Downhole drilling tools: This include rentals of tubulars, such as primary drill pipe strings, tubing landing strings, completion tubulars and associated accessories, and manufacturing and rentals of bottom hole tools, including stabilizers, non-magnetic drill collars, and hole openers. Surface rentals: This include rentals of temporary onshore and offshore accommodation modules and accessories. Onshore Completion and Workover Services This segment includes pressure pumping, fluid handling and workover and maintenance services. Pressure pumping: This includes hydraulic fracturing and high pressure pumping services used to complete and stimulate production in new oil and gas wells. Fluid management: This includes services used to obtain, move, store and dispose of fluids that are involved in the exploration, development and production of oil and gas reservoirs, including specialized trucks, fracturing tanks and other assets that transport, heat, pump and dispose of fluids. Workover services: This includes well completion, workover and maintenance services, including installations, completions, sidetracking of wells and support for perforating operations. Production Services This segment includes intervention services and specialized pressure-control tools used for pressure control and intervention operations. Intervention services: This includes services to enhance, maintain and extend oil and gas production during the life of the well, including coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services (cementing and stimulation services). Specialized pressure-control tools: This includes surface and downhole products used to manage and control pressure throughout the life of an oil and gas well, including installing blowout preventers, choke manifolds, fracturing flow back trees, and downhole valves for drilling, workover, and well intervention operations. Technical Solutions This segment includes products and services that address customer-specific needs with their applications, which typically require specialized engineering, manufacturing or project planning expertise. Most operations requiring the company’s technical solutions are in offshore environments during the completion, production and decommissioning phase of an oil and gas well. These products and services include pressure control services, completion tools and services, end-of-life services, and marine technical services. Pressure control services: Pressure control services resolve well control and pressure control problems through firefighting, engineering and well control training. Completion tools and services: Completion tools and services provide products and services used during the completion phase of an offshore well to control sand and maximize oil and gas production, including sand control systems, well screens and filters, and surface-controlled sub surface safety valves. End-of-life services: The company provides offshore well decommissioning services, including plugging and abandoning wells at the end of their economic life and dismantling and removing associated infrastructure. Marine technical services: The company provides technical solutions for oil and gas offshore and marine applications, including subsea and offshore marine engineering and design, harsh environment engineering, well containment systems, and project management services. Customers The company’s customers are the major and independent oil and gas companies that are active in the geographic areas in which it operates. Seasonality Seasonal weather and severe weather conditions could temporarily impair the company’s operations and reduce demand for its products and services. Examples of seasonal events that negatively affect the company’s operations include high seas associated with cold fronts during the winter months and hurricanes during the summer months in the Gulf of Mexico, and severe cold during winter months in the U.S. land market area. Competition The company’s primary competitors include Weatherford International, Ltd.; Baker Hughes Incorporated; Halliburton Company; and Schlumberger N.V. History Superior Energy Services, Inc. was founded in 1991.


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