Superior Energy Services, Inc. Merger with Complete Production Services, Inc.
Additional Information and Where to Find It Superior and Complete plan to file a joint proxy statement/prospectus and other documents with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE JOINT PROXY…
Transaction Overview 0.945 shares of Superior Energy Services, Inc. (Superior or SPN) and 7.00 in cash for each share of Complete Production Services, Inc. (Complete or CPX) Approximately 79% stock and 21% cash consideration…
Transaction Highlights Expansion and diversification of Superiors product/service offering and geographic presence Consistent with belief in continued strong North American land fundamentals Enhanced scale and scope with…
Expansion/Diversification of Superior Addition of key product lines: Modern pressure pumping fleet with growing North American land footprint in prominent unconventional basins Fluid management Well servicing Enhancement of…
Expansion/Diversification of Superior (contd) Revenue Contribution by Geography Superior in 2002 Superior Today(1) Superior Pro Forma(1) 19% 27% 2% 34% 0.4BN 1.8BN 3.7BN 17% 98% 65% 39% Gulf of Mexico Domestic…
Expansion/Diversification of Superior (contd) Pro Forma Superior North America Land Revenue by Product(1) Misc./Other 18% Pressure Pumping 22% Wireline 8% Drilling Coiled Tubing Products/Services 15% 9% Other…
Combined Strength in Coiled Tubing U.S. Coiled Tubing Unit Count as of December 31, 2010(1) Schlumberger 75 (2)(3) Includes 52 highly- Pro Forma Superior 70 capable units (2+) Baker Hughes 59 Key Energy Services 43 (2)(3)…
Combination Consistent with Market Outlook/Trends North America land capital expenditure drivers U.S. Active Rigs by Commodity(1) Unconventional resources and horizontal 2,500 rig activity US Active Rig C ount 2,000…
Creation of Premiere Mid-Cap Diversified OFS Company The combination of Superior and Complete will create the only mid-cap diversified oilfield services company(1) 10,406 2011E EBITDA (Wall Street Consensus Estimates) 6,500 6,213…
Financially Compelling Transaction Large stock component of transaction consideration enables all stockholders to participate in future upside Anticipated pro forma ownership: 52% Superior and 48% Complete Superior maintains a…
Transaction Highlights Expansion and diversification of Superiors product/service offering and geographic presence Consistent with belief in continued strong North American land fundamentals Enhanced scale and scope with…