Export your learner materials as an interactive game, a webpage, or FAQ style cheatsheet.
Unsaved Work Found!
It looks like you have unsaved work from a previous session. Would you like to restore it?
Total Categories: 7
Superior Energy Services operates primarily as a holding company managing a portfolio of oilfield equipment rental and well oil and gas service brands.
Answer: True
Superior Energy Services functions as a holding company, overseeing a diverse portfolio of oilfield equipment rental and well oil and gas service brands.
The company Superior Energy Services operates within the renewable energy sector.
Answer: False
Superior Energy Services operates within the oil and gas industry, not the renewable energy sector.
The official website for Superior Energy Services is www.superiorenergy.net.
Answer: False
The official website for Superior Energy Services is superiorenergy.com, not www.superiorenergy.net.
What is the primary business function of Superior Energy Services?
Answer: Operating as a holding company for oilfield services and equipment rentals.
Superior Energy Services functions as a holding company, managing a diverse portfolio of oilfield equipment rental and well oil and gas service brands.
In which industry does Superior Energy Services operate?
Answer: Oil and Gas
Superior Energy Services operates within the oil and gas sector, providing specialized services and equipment rentals.
What is the significance of Superior Energy Services having an international presence?
Answer: It allows them to serve clients globally and potentially diversify market risk.
An international presence enables Superior Energy Services to serve clients worldwide, diversifying its market reach and mitigating risks associated with reliance on a single region.
Superior Energy Services was founded in the year 1998.
Answer: False
The source indicates that Superior Energy Services was founded in 1989, not 1998.
Terence Hall is recognized as the founder of Superior Energy Services.
Answer: True
Terence Hall is credited as the founder of Superior Energy Services.
Superior Energy Services became a publicly traded company via an initial public offering in 1995 on the New York Stock Exchange.
Answer: True
Superior Energy Services conducted its initial public offering (IPO) in 1995, listing on the New York Stock Exchange.
Who founded Superior Energy Services?
Answer: Terence Hall
Terence Hall is recognized as the founder of Superior Energy Services.
When did Superior Energy Services conduct its initial public offering (IPO)?
Answer: 1995
Superior Energy Services conducted its initial public offering (IPO) in 1995, listing on the New York Stock Exchange.
In 2012, Superior Energy Services acquired Complete Production Services for approximately $1.7 billion.
Answer: False
The acquisition of Complete Production Services in 2012 was valued at approximately $2.7 billion, not $1.7 billion.
In 2021, Superior Energy Services divested all of its North American operations as part of a transformation initiative.
Answer: False
In 2021, Superior Energy Services divested certain North American labor-intensive businesses, not all of its North American operations.
Which company did Superior Energy Services acquire in 2012 for approximately $2.7 billion?
Answer: Complete Production Services
In 2012, Superior Energy Services acquired Complete Production Services for approximately $2.7 billion.
As part of its 2021 transformation initiative, what strategic action did Superior Energy Services undertake?
Answer: Divested certain North American labor-intensive businesses.
In 2021, Superior Energy Services divested certain North American labor-intensive businesses as part of a strategic transformation initiative.
What might be a strategic benefit of Superior Energy Services divesting labor-intensive businesses?
Answer: To focus on core competencies and potentially improve efficiency.
Divesting labor-intensive businesses can allow a company to concentrate on its core competencies and potentially enhance operational efficiency.
Superior Energy Services announced its intention to file for Chapter 11 bankruptcy in 2021.
Answer: False
Superior Energy Services announced its intention to file for Chapter 11 bankruptcy in 2020, not 2021.
Superior Energy Services officially emerged from bankruptcy on February 3, 2021.
Answer: True
Superior Energy Services officially emerged from bankruptcy on February 3, 2021.
Following its emergence from bankruptcy, Superior Energy's stock (SPNX) was delisted on February 4, 2021, and subsequently became worthless.
Answer: True
Following its emergence from bankruptcy, Superior Energy's stock (SPNX) was delisted on February 4, 2021, and subsequently became worthless.
In what year did Superior Energy Services announce its intention to file for Chapter 11 bankruptcy?
Answer: 2020
Superior Energy Services announced its intention to file for Chapter 11 bankruptcy in 2020.
On what date did Superior Energy Services officially emerge from bankruptcy?
Answer: February 3, 2021
Superior Energy Services officially emerged from bankruptcy on February 3, 2021.
What happened to Superior Energy Services' stock symbol SPNX after the company emerged from bankruptcy?
Answer: It was delisted and subsequently became worthless.
Following its emergence from bankruptcy, Superior Energy's stock (SPNX) was delisted and subsequently became worthless.
What is the implication when a company's stock becomes 'worthless' after delisting?
Answer: The shares held by investors have lost all their market value.
When a company's stock becomes worthless after delisting, it signifies that the shares held by investors have lost all their market value.
David Dunlap succeeded Terence Hall as CEO of Superior Energy Services in 2010.
Answer: True
David Dunlap succeeded Terence Hall as CEO in 2010.
CEO David Dunlap and CFO Wesley Ballard were removed from their positions in March 2022.
Answer: False
David Dunlap and Wesley Ballard were removed from their positions in March 2021, not March 2022.
Brian K. Moore was appointed President and CEO of Superior Energy Services in January 2022.
Answer: True
Brian K. Moore was appointed President and CEO of Superior Energy Services on January 21, 2022.
Before becoming CEO, Brian K. Moore served as the Chief Financial Officer at Superior Energy Services.
Answer: False
Prior to his appointment as CEO, Brian K. Moore served as Senior Executive Vice President, not Chief Financial Officer.
In 2024, Brian Moore stepped down, and Dave Lesar was appointed as the new President and CEO.
Answer: True
In 2024, Brian Moore stepped down, and Dave Lesar was appointed as the new President and CEO.
Dave Lesar's prior executive experience included serving as CEO of Schlumberger.
Answer: False
Dave Lesar's prior executive experience included serving as CEO of Halliburton, not Schlumberger.
Who took over as CEO of Superior Energy Services from Terence Hall in 2010?
Answer: David Dunlap
David Dunlap succeeded Terence Hall as CEO in 2010.
Which executives were removed from their positions in March 2021 following the company's restructuring?
Answer: David Dunlap and Wesley Ballard
CEO David Dunlap and CFO Wesley Ballard were removed from their positions in March 2021.
Who was appointed President and CEO of Superior Energy Services in January 2022?
Answer: Brian K. Moore
Brian K. Moore was appointed President and CEO of Superior Energy Services in January 2022.
What was Brian K. Moore's prior role within Superior Energy Services before becoming President and CEO?
Answer: Senior Executive Vice President
Before his appointment as President and CEO, Brian K. Moore served as Senior Executive Vice President at Superior Energy Services.
Who succeeded Brian K. Moore as President and CEO in 2024?
Answer: Dave Lesar
In 2024, Dave Lesar succeeded Brian K. Moore as President and CEO.
What prior executive experience does Dave Lesar bring, according to the source?
Answer: CEO of Halliburton
Dave Lesar's prior executive experience includes serving as CEO of Halliburton.
The headquarters of Superior Energy Services is located in Dallas, Texas.
Answer: False
Superior Energy Services is headquartered in Houston, Texas, not Dallas, Texas.
Superior Energy Services offers services exclusively related to hydrocarbon exploration.
Answer: False
The company's offerings include hydrocarbon exploration, oilfield equipment rentals, and well oil and gas services, not exclusively exploration.
Workstrings and Stabil Drill are among the subsidiaries operated by Superior Energy Services.
Answer: True
Superior Energy Services' portfolio includes subsidiaries such as Workstrings and Stabil Drill, among others.
Superior Energy Services' rental business units provide specialized equipment such as premium tubulars and downhole tools.
Answer: True
Superior Energy Services' rental business units provide specialized equipment such as premium tubulars and downhole tools.
Where is Superior Energy Services headquartered?
Answer: Houston, Texas
The company's headquarters are located in Houston, Texas.
What types of equipment are mentioned as being provided by Superior Energy Services' rental business units?
Answer: Premium tubulars and specialized downhole tools.
Superior Energy Services' rental business units provide specialized equipment such as premium tubulars and downhole tools.
How many business units does Superior Energy Services operate for its services division, and what do they cover?
Answer: Forty-three units covering drilling, production, completion, and decommissioning.
Superior Energy Services operates forty-three business units within its services division, covering drilling, production, completion, and decommissioning.
What does the term 'decommissioning' refer to in the context of Superior Energy Services' business units?
Answer: The safe shutdown and removal of oil and gas wells at the end of their life.
In the context of oil and gas operations, decommissioning refers to the process of safely shutting down and removing wells at the end of their productive life.
What does the term 'premium tubulars' likely refer to in oilfield rentals?
Answer: Specialized pipes with advanced features for demanding environments.
In oilfield rentals, 'premium tubulars' typically refers to specialized pipes engineered with advanced features for use in demanding operational environments.
What does the phrase 'well oil and gas services' encompass?
Answer: A broad range of activities supporting oil and gas wells throughout their lifecycle.
The phrase 'well oil and gas services' encompasses a comprehensive array of activities that support oil and gas wells across their entire operational lifecycle.
Superior Energy Services follows a legal structure as a publicly traded C-corporation.
Answer: False
The company is structured as a C-corporation, but it is not currently publicly traded following its emergence from bankruptcy and delisting.
In 2022, GoldenTree Asset Management LP and Monarch GP LLC were the majority beneficial owners of Superior Energy Services.
Answer: True
As of 2022, GoldenTree Asset Management LP and Monarch GP LLC held majority beneficial ownership of Superior Energy Services.
The Catastrophic Relief Fund was established in 2005 to provide financial grants to employees facing personal financial hardship unrelated to emergencies.
Answer: False
The Catastrophic Relief Fund was created in 2005 to provide financial grants to employees who suffered property damage or other losses due to emergencies and natural disasters, not unrelated hardships.
Since its inception, the Catastrophic Relief Fund has distributed over 1,000 awards totaling approximately $1.4 million.
Answer: False
The source indicates that since its inception, the Fund has distributed over 500 awards totaling nearly $1.4 million, not over 1,000 awards.
Which entities were the majority beneficial owners of Superior Energy Services as of 2022?
Answer: GoldenTree Asset Management LP and Monarch GP LLC
As of 2022, GoldenTree Asset Management LP and Monarch GP LLC held majority beneficial ownership of Superior Energy Services.
What was the primary purpose of the Catastrophic Relief Fund established by Superior Energy Services?
Answer: To offer financial grants to employees affected by emergencies and natural disasters.
The Catastrophic Relief Fund was established to provide financial assistance to employees experiencing hardship due to emergencies and natural disasters.
What does it mean for Superior Energy Services to be structured as a 'C-corporation'?
Answer: It is a legal entity separate from its owners, subject to corporate income taxes.
Being structured as a C-corporation means Superior Energy Services is a legal entity distinct from its owners, subject to corporate income taxes on its profits.