Filed Pursuant to Rule 424(b)(3) and 424(c)
Registration Statement No. 333-15987
PROSPECTUS SUPPLEMENT DATED MARCH 11, 1997
To the Prospectus dated January 10, 1997
of
SUPERIOR ENERGY SERVICES, INC.
On February 28, 1997, Superior Energy Services, Inc.
("Superior") acquired all of the outstanding common stock of
Nautilus Pipe & Tool Rental, Inc. (the "Company"). The
Company, which conducts business under the name "Concentric
Pipe & Tool Rentals," is engaged in the business of renting
specialized equipment used in the exploration, development
and production of oil and gas and has operating facilities
in Houma and Lafayette, Louisiana. The purchase price paid
by Superior for all the outstanding common stock of the
Company was $4 million in cash, 420,000 restricted shares of
Superior common stock and a promissory note in the principal
amount of $2.15 million with payments thereunder dependent
upon the Company meeting specified future earnings levels.
Superior also announced that net income for the fourth
quarter of 1996 was $1,313,000 on revenues of $8,398,000
resulting in net income of $0.07 per share. Net income for
the 12 months ended December 31, 1996 was $3,932,000 on
revenues of $23,638,000 resulting in net income of $0.22 per
share.
The date of this Prospectus Supplement is March 11, 1997.