Superior Energy Services is an American oil services company that operates as a holding company for a portfolio of oilfield equipment rentals and well oil and gas services brands.
It is structured as a C-corporation and was restructured in 2021 when it was delisted from the stock exchange. Its majority beneficial owners as of 2022, were GoldenTree Asset Management LP and Monarch GP LLC. Superior is headquartered in Houston, Texas. Its business units are located in North America and internationally in order to serve its oil gas company customers.
History
Foundation and early years
The company was founded in 1989 by Terence Hall, a native of Louisiana. It had an initial public offering in 1995, when it became listed on the New York Stock Exchange. Hall remained CEO of the company until he stepped down in 2010 and was replaced by David Dunlap.[1]
In 2005, in response to Hurricane Katrina, the Company launched a Catastrophic Relief Fund to provide grants to employees who experience property damage and other losses during emergencies and natural disasters. Since its inception, the Fund has granted more than 500 awards totaling nearly $1.4 million.