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) September 7, 1999
SUPERIOR ENERGY SERVICES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-20310 75-2379388
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) 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)
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ITEM 5. OTHER EVENTS
On September 7, 1999, Superior Energy Services, Inc. issued the
press release attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(b) Exhibits.
99 Press release issued by Superior Energy Services, Inc.
on September 7, 1999.
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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: September 8, 1999
COMPANY PRESS RELEASE
SUPERIOR ENERGY SERVICES, INC. AND PRODUCTION MANAGEMENT
COMPANIES, INC. ANNOUNCE PLANNED MERGER
HARVEY, La.--(BUSINESS WIRE)--Sept. 7, 1999--Superior Energy Services, Inc.
(Nasdaq: SESI) announced today the signing of a definitive merger agreement
pursuant to which Production Management Companies, Inc. will become a
wholly owned subsidiary of Superior. Completion of the merger is subject to
a satisfactory due diligence review and customary closing conditions. The
transaction is expected to close during the fourth quarter of 1999.
Production Management provides contract operating and supplemental labor
services on offshore oil and gas producing properties, onshore fabrication
of oil and gas production facilities and processing equipment, offshore
construction and maintenance services, onshore and offshore sandblasting
and platform coating services as well as offshore and dockside
environmental cleaning services. Production Management is headquartered in
Harvey, Louisiana.
Superior 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 gas properties
offshore in the Gulf of Mexico and throughout the Gulf Coast region. These
services and equipment include the rental of liftboats, rental of
specialized oilfield equipment, electric and mechanical wireline services,
well plug and abandonment services, coil tubing services, engineering
services, the manufacture, sale, and rental of drilling instrumentation,
and the manufacture and sale of oil spill containment equipment. Superior
is headquartered in Harvey, Louisiana.
This news release contains forward-looking statements under the Private
Securities Litigation Reform Act of 1995. Although Superior believes that
these statements are based upon reasonable assumptions, the companies can
give no assurance that these expectations will be achieved. Actual results
may differ materially due to various risks and uncertainties which are
outside the control of the companies, such as market prices of oil and gas,
the volatility of such prices, governmental regulation and trade
restrictions, worldwide economic activity and political stability in major
oil producing areas.
Contact:
Superior Energy Services Inc., Harvey
Terence Hall or Robert Taylor, 504/362-4321