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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
AMENDMENT NO. 1
Under the Securities Exchange Act of 1934
SUPERIOR ENERGY SERVICES, INC.
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(Name of Issuer)
Common Stock, Par Value $.001 Per Share
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(Title of Class of Securities)
868157 10 8
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(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 and October 14, 1999
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(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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Page 2 of 5 Pages
CUSIP No. 868157 10 8
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(1) Name of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
John P. Kotts (President of Kotts Capital Holdings, Inc., which is the
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general partner of the record shareholder, Kotts Capital Holdings, Limited
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Partnership)
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(2) Check the Appropriate Box if a Member of a Group
(a) (b) X
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(3) SEC Use Only
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(4) Source of Funds 00
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e)
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(6) Citizenship or Place of Organization Nevada
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Number of (7) Sole Voting Power 7,756,095
Shares Bene- ---------------------------------------
ficially (8) Shared Voting Power 0
Owned by Each ----------------
Reporting (9) Sole Dispositive Power 7,756,095
Person With ----------------------------------
(10) Shared Dispositive Power 0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
7,756,095
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
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(13) Percent of Class Represented by Amount in Row (11) 13.1%
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(14) Type of Reporting Person PN
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Page 3 of 5 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
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 5 Pages
Item 3. Source and Amount of Funds or Other Consideration.
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Of the total 7,756,095 shares of Superior Energy Services, Inc. held
by Kotts Capital Holdings, Limited Partnership, (a) 7,099,171 shares 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., with no other consideration being paid by
Kotts Capital Holdings, Limited Partnership for such shares, (b) 646,924
shares were acquired pursuant to an Escrow Agreement between Kotts Capital
Holdings, Limited Partnership and certain other former stockholders of
Cardinal Holding Corp., pursuant to which such other former stockholders
placed such shares (constituting a portion of the shares of Superior Energy
Services, Inc. received by such former stockholders in the merger) into
escrow, and pursuant to which such shares became transferable and were
transferred to Kotts Capital Holdings, Limited Partnership upon and by
reason of the common stock of Superior Energy Services, Inc. achieving a
specified threshold market price, and (c) 10,000 shares were acquired on
January 21, 1997 in open market purchases at an average price of $4.5315
per share, utilizing available funds on hand.
Item 4. Purpose of Transaction.
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As described in Item 3 above, substantially all of the subject shares
of Superior Energy Services, Inc. were acquired in or by reason of a
merger transaction, in exchange for shares of Cardinal Holding Corp.
previously held by Kotts Capital Holdings, Limited Partnership. All
of the shares of Superior Energy Services, Inc. that are held by Kotts
Capital Holdings, Limited Partnership are held 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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None.
Item 7. Material to be Filed as Exhibits.
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None.
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Page 5 of 5 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: October 20, 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
