- Superior Energy Services
- 1001 Louisiana Street
- Suite 2900
- Houston, TX 77002
- Phone: +1 713 654 2200
- Fax: +1 713 654 2205
Information related to Voluntary Chapter 11 proceedings:
- Kurtzman Carson Consultants LLC
- Website: https://www.kccllc.net/superior
- Toll Free: +1 877-499-4509
- International: +1 917-281-4800
Superior Energy Services - Emerging Stronger
Throughout 2020, Superior Energy and our entire industry encountered many challenges with pressures on oil demand and the effects of the Covid-19 pandemic on the global economy.
The impact of these market conditions resulted in Superior taking fundamental steps to strengthen the Company.
On December 7, 2020, Superior Energy Services, Inc. commenced Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas including a Plan of Reorganization with the support of the majority of the holders of the Company’s $1.3 billion Senior Unsecured Notes and on January 19, 2021 the Bankruptcy Court confirmed the Plan.
On February 2, 2021 Superior announced it successfully completed its financial restructuring and emerged from Chapter 11, implementing the agreed upon Plan of Reorganization.
Thanks to these value-preserving efforts and strong operational performance in recent months, Superior has emerged from restructuring in less than two months, free of debt, with a greatly strengthened balance sheet and financial ability to compete in a challenging market. We remain focused on working safely and sustainably to meet the evolving needs of our customers.
Superior continues to be a company with great products and services valued by the global oil and gas industry.