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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SUPERIOR ENERGY SERVICES, INC.
________________________________________________________________
(Name of Issuer)
Common Stock, Par Value $.001 Per Share
________________________________________________________________
(Title of Class of Securities)
868157 10 8
________________________________________________________________
(CUSIP Number)
John P. Kotts
Kotts Capital Holdings, Limited Partnership
5 Post Oak Avenue, Suite 2250
Houston, Texas 77027
(713) 892-5060
________________________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 15, 1999
________________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
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CUSIP NO. 868157108 PAGE 2 OF 6 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John P. Kotts (President of Kotts Capital Holdings, Inc., which is the
general partner of the record shareholder, Kotts Capital Holdings, Limited
Partnership)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS* 00
4
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Nevada
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SOLE VOTING POWER
7
NUMBER OF 7,270,429
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
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EACH SOLE DISPOSITIVE POWER
9
REPORTING 7,270,429
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
7,270,429
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
12.3%
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TYPE OF REPORTING PERSON*
14
PN
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Page 3 of 6 Pages
Item 1. Security and Issuer.
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(a) Title and Class of Security: Common Stock, par value $.001 per
share (the "Common Stock").
(b) Issuer: Superior Energy Services, Inc.
1105 Peters Road City
Harvey, Louisiana 70058
Item 2. Identity and Background.
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2(a) Name: Kotts Capital Holdings, Limited Partnership (a
Nevada limited partnership)
2(b) Address: 5 Post Oak Avenue, Suite 2250, Houston, Texas
77027
2(c) Principal Business: Kotts Capital Holdings, Limited
Partnership is a privately held holding company, with
investments in various types of assets, including stock of
public and privately held companies, real estate, and
other holdings. The largest single asset of Kotts Capital
Holdings, Limited Partnership is its share holdings in
Superior Energy Services, Inc.
2(d) Criminal Convictions: Neither Mr. Kotts nor Kotts Capital
Holdings, Limited Partnership has, during the past five
years, been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
2(e) Violations of Federal or State Securities Laws: Neither
Mr. Kotts nor Kotts Capital Holdings, Limited Partnership
was, during the past five years, a party to a civil
proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state
securities laws or finding any violation with respect to
such laws.
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Page 4 of 6 Pages
Item 3. Source and Amount of Funds or Other Consideration.
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The shares of Superior Energy Services, Inc. held by Kotts Capital
Holdings, Limited Partnership were acquired in exchange for shares of
capital stock of Cardinal Holding Corp., upon the merger of Cardinal
Holding Corp. with a wholly-owned subsidiary of Superior Energy Services,
Inc. No other consideration was paid by Kotts Capital Holdings, Limited
Partnership for such shares of Superior Energy Services, Inc.
Item 4. Purpose of Transaction.
----------------------
As described in Item 3 above, the subject shares of Superior Energy
Services, Inc. were acquired in a merger transaction, in exchange for
shares of Cardinal Holding Corp. previously held by Kotts Capital
Holdings, Limited Partnership. These shares of Superior Energy
Services, Inc. are held by Kotts Capital Holdings, Limited Partnership
for investment purposes.
Item 5. Interest in Securities of the Issuer.
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Information regarding the beneficial ownership of the Issuer's
securities by the person filing this statement can be found on page 2 of this
Schedule 13D.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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Kotts Capital Holdings, Limited Partnership and certain other former
stockholders of Cardinal Holding Corp. are parties to an Escrow
Agreement pursuant to which, in the event that the average reported
closing price of the common stock of Superior Energy Services, Inc.
equals or exceeds a certain threshold amount during and at the
conclusion of a specified number of trading days at any time through
July 2004, then an aggregate of 818,182 shares of common stock of
Superior Energy Services, Inc. (which includes 171,258 of the shares
held by Kotts Capital Holdings, Limited Partnership) will be released
from escrow and transferred to Kotts Capital Holdings, Limited
Partnership and/or its designee(s). While such shares are in escrow,
the record holders thereof each continue to retain voting and dividend
rights with respect to the subject shares. The other shareholders of
Superior Energy Services, Inc. who are party to such Escrow Agreement,
and the number of shares placed by each such person in such escrow,
are First Reserve Fund VII, Limited Partnership (311,138 shares),
First Reserve Fund VIII, L.P. (207,426 shares), General Electric
Capital Corporation (67,655 shares), DLJ Investment Partners, L.P.
(36,835 shares), DLJ Investment Funding, Inc. (5,247 shares), DLJ ESC
II, L.P. (3,503 shares), Hibernia Capital Corporation (1,412 shares),
Hibernia Corporation (7,088 shares), Keith Acker (3,128 shares), John
R. Gunn (3,264 shares), Robert J. Gunn (3,264 shares) and John F.
Kerker (3,264 shares).
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Page 5 of 6 Pages
Item 7. Material to be Filed as Exhibits.
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None.
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Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DATED: August 12, 1999 /s/ John P. Kotts
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John P. Kotts, as the President of Kotts
Capital Holdings, Inc., the general partner
of Kotts Capital Holdings, Limited
Partnership