Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Second Quarter (2Q) Update | Frac Markets - Frac Trends
Superior Adds Frac Fleets; No Slow Down; International Recovering
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Superior Energy Services generated revenue of $536 million, EBITDA of $96 million and a net loss from continuing operations of $25 million, or $0.16 per share.
Pressure PumpingAs of the second quarter, the company has 750,000 horsepower (up from 600,000 in Q1) available to the market, which represents the fully activated fleets which includes 16 fleets with an average fleet size of 40-50k. The range of 40-50k fleet size is a result of the work mix, meaning how much of the jobs are being done using zipper fracs.
CEO David Dunlap said "We do our best to understand customer demand and work programs to be positioned to service the many markets we operate in with the most flexibility we can maintain.
"At this point in time, our customers have not indicated any substantial deviation from…
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