Company History

The company that exists today traces its roots back just two decades, beginning as an oilfield products manufacturing firm and eventually branching out into services.

By the mid-1990s, Superior offered a full inventory of specialized tools for drilling, production and well workover activities. To finance further growth in this high-capital business, Superior initiated a public offering of stock in 1995.

Following its public offering, Superior grew quickly by acquiring more than 10 small and mid-sized well intervention and oilfield tool rental companies in three years, growing revenues from $23.6 million to $91.3 million in that same timeframe.

In 1999, Superior Energy Services merged with Cardinal Services, the market leader in mechanical wireline services in the Gulf of Mexico and also the largest owner and operator of liftboats in the region.

By the mid-2000s, the Gulf of Mexico market was awash with overcapacity and suffering from low commodity prices. To increase asset utilization, Superior Energy Services looked globally.

In 2003, Superior had acquired Premier Oilfield Services of Aberdeen, Scotland, providing immediate access to the North Sea, Europe, the Middle East and West African markets.

In 2003, Superior Energy Services formed SPN Resources to acquire mature Gulf of Mexico properties that required the intervention services, tools and disciplines typically employed for customers.

In 2006, Superior Energy Services expanded its onshore operations in North America through its acquisition of Warrior Energy Services, a natural gas and oil well services company that provided wireline and well intervention services to exploration and production companies. The deal made Superior the leading North American production enhancement company.