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A&D - Superior’s US ops spinoff & merger with Forbes called of - June 2020
Superior Energy Services and Forbes Energy Services canceled their attempt to create a new US completions, production and water solutions firm, a casualty of declining crude prices. In addition to keeping Superior tied to the US land market, the collapse scuttles an attempt to whittle down $800 million in 7.125% senior notes maturing December 2021. The new company would have received Superior’s service rig, coiled tubing, wireline, pressure control, flowback, fluid management and accommodations......
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