Superior Energy Services is a leading provider of specialized oilfield services and equipment to the energy industry. Founded in 1996, the company has grown to become a trusted partner for major operators and independent producers alike.
Headquartered in Houston, Texas, Superior Energy Services operates in key oil and gas regions around the world, including the Gulf of Mexico, the North Sea, and various locations in Africa, Asia, and South America.
Their extensive fleet of equipment and experienced personnel enable them to deliver a wide range of services, including well intervention, wireline, and coiled tubing operations.
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Industry Insights
Superior Energy Services has a long history of innovation, with over 30 years of experience in the oil and gas industry. They've developed a range of cutting-edge technologies that have improved efficiency and reduced costs for their clients.
Their expertise spans multiple sectors, including drilling, well completion, and production. Superior Energy Services has a global presence with operations in the Gulf of Mexico, the North Sea, and other key regions.
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The company's commitment to innovation is evident in their development of advanced drilling and completion tools. These tools have enabled clients to drill faster, safer, and more efficiently.
Superior Energy Services has a strong focus on safety, with a goal of zero injuries and zero incidents. They achieve this through rigorous training programs and a culture of safety awareness.
Their fleet of advanced equipment is designed to optimize performance and minimize downtime. This includes state-of-the-art drilling rigs, workover rigs, and other specialized equipment.
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Operations and Expansion
Superior Energy Services has a strong presence in the Gulf of Mexico, with a large fleet of vessels and a significant number of employees.
They operate 13 vessels in the region, including the Superior Explorer, which has a 300-ton crane and a 250-foot reach.
Locations
We have a presence in several locations across the United States. Our primary location is at 1001 Louisiana Street, Suite 2900, in Houston, Texas 77002, US.
You can easily get directions to our primary location.
We have offices in Oil and Gas Houston, Texas and Oil and Gas Lafayette, La. Additionally, we have operations in Oil and Gas Broussard, Louisiana and Oil and Gas Arnaudville, Louisiana.
We also have a presence in Oil and Gas Broussard, LA.
Acquires Rival's Downhole Tools
Superior Energy Services has made a significant move by acquiring Rival Downhole Tools, a leading provider of premium downhole drilling tools. This acquisition is part of Superior's efforts to expand its position in the oilfield services sector.
Founded in 2017, Rival has gained recognition for its innovative downhole tools, including the JOLT friction reduction system, the STORM oscillation reduction tool, and the AXE anti-shock and anti-vibration tool. These tools are engineered to mitigate customer drilling challenges.
Neil Fletcher, CEO of Rival, will join Superior and serve as the leader of the combined Stabil Drill and Rival businesses. This combination will open new markets for Rival's products and strengthen Superior's position as a leader in downhole drilling tool solutions.
The addition of Rival is a significant step forward for Superior, allowing it to continue innovating on behalf of customers around the globe.
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Financials and Partnerships
Superior Energy Services has a strong financial foundation, with net sales of $1.4 billion in 2020 and a gross profit margin of 23.6%. They have a solid balance sheet with cash and cash equivalents of $434 million.
The company has a diverse range of customers, including major oil and gas operators. Superior Energy Services has a long history of providing high-quality services to these customers.
Their services include drilling and completion, production and stimulation, and pipeline and process. This breadth of services allows them to meet the needs of their customers across the entire oil and gas value chain.
Superior Energy Services has a strong partnership with major oil and gas operators, including ExxonMobil and Chevron. These partnerships have helped the company to grow and expand its services.
The company has a global presence, with operations in the United States, Canada, and internationally.
Frequently Asked Questions
What does superior energy do?
Superior Energy delivers oilfield products and services while prioritizing safety and sustainability. We create value for our brands by upholding shared core values across the enterprise.
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