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Announced

21 Jun 2019

Completed

21 Jun 2019

Superior Energy Services sold its land drilling rig business to SPN Well Services.

Synopsis

Superior Energy Services, an oilfield services company, sold its land drilling rig business to SPN Well Services, which offers well servicing and rig manufacture. Financial terms were not disclosed.

Principals

target

Superior Energy Services (land Drilling Rig Business)

bidder

Spn Well Services

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Market Context

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Bidder Team (1)

canaan factor

President at SPN WELL SERVICES

Manager

bidder

Deal

n/a

Total Value

Vendor Team (4)

david dunlap

CEO at SUPERIOR ENERGY SERVICES

Manager

vendor

Deals

n/a

Total Value

westy ballard

CFO at SUPERIOR ENERGY SERVICES

Manager

vendor

Deal

n/a

Total Value

ryan maierson

Partner at Latham & Watkins

Lawyer

vendor

139

Deals

£ 165.74 B

Total Value

john greer

Partner at Latham & Watkins

Lawyer

vendor

Deals

£ 35.74 B

Total Value

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