Superior Energy Services Announces Appointment of Brian

HOUSTON, Jan. 21, 2022 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) announced that Brian K. Moore, Executive Vice President of the Company, has been named President and Chief management and member of the Company’s Board of Directors. Mr. Moore will also serve on the Audit Committee and Compensation Committee of the Company’s Board of Directors. Following Mr. Moore’s appointment, Michael Y. McGovern, Executive Chairman of the Company’s Board of Directors, will no longer serve as Senior Managing Director of the Company, but will remain with the Company as as Executive Chairman of the Board of Directors. .

“Mr. Moore’s appointment represents the conclusion of a rigorous selection process. Brian is unquestionably the best candidate, given his breadth of experience, vast experience in the oilfield services business, tried and tested judgment and history with the company,” said Mike McGovern.

Brian joined the company as senior executive vice president in 2012 and has served as executive vice president of corporate services since 2016. wells, coiled tubing, fluid management and accommodation. .

Mr. Moore said, “I am very grateful for the support of our Board of Directors and look forward to the opportunity to continue working with Mike McGovern, who has led the company with such distinction over the last nine months. Throughout this past year, we have undertaken the hard work and commitment to transform Superior into a more focused, competitive and well-positioned company. Most importantly, I am proud that Superior has remained committed to our shared core values ​​throughout this remarkable time, especially the safety and health of those we work with.

“I look forward to working with our excellent management team and employees for Superior’s future success and thank them for their dedication and perseverance,” said Mr. Moore.

About Superior Energy Services

Superior Energy Services serves the drilling, completions and production needs of oil and gas companies worldwide with a diverse portfolio of specialized oilfield services and equipment that are used throughout the economic lifecycle of wells. of oil and gas. For more information, visit:

Forward-looking statements

This press release contains, and future oral or written statements or press releases of the Company and its management may contain, certain forward-looking statements within the scope of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. generally, the words “expects”, “plans”, “targets”, “goals”, “projects”, “intends”, “plans”, “believes”, “seeks” and “estimates”, variations of these words and similar expressions identify forward-looking statements, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts regarding financial condition, financial performance, liquidity, strategic alternatives, market outlook, future capital requirements, capital allocation plans, business strategies and the like Our management’s plans and objectives for the future operations and activities of the Company are forward-looking statements. These statements are based on certain assumptions and analyzes made by the management of the Company in light of its experience and the circumstances prevailing on the date on which these statements are made. These forward-looking statements and the assumptions on which they are based are inherently speculative and are subject to a number of risks and uncertainties that could cause the Company’s actual results to differ materially from these statements. These forward-looking statements are based on a number of assumptions regarding future events and are subject to a number of uncertainties and factors, many of which are beyond the Company’s control, which could cause actual results to differ significantly from these statements.

Although the Company believes that the assumptions regarding future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could affect the future performance or results of its business.

These forward-looking statements are also affected by the risk factors, forward-looking statements, and challenges and uncertainties described in the Company’s Form 10-K for the fiscal year ended December 31, 2020 and Forms 10-Q filed September 30, 2021. , October 29, 2021 and December 2, 2021 and those set forth from time to time in the Company’s other periodic filings with the Securities and Exchange Commission, which are available at Except as required by law, the Company expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

Wendell York, Vice President – IR, Corporate Development and Treasury
1001 Louisiana Street, Suite 2900
Houston, Texas 77002
Investor Relations, [email protected], (713) 654-2200

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