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OFS - Superior’s US ops spinoff & merger with Forbes halted - June 2020

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Superior Energy Services and Forbes Energy Services canceled their attempt to create a new US completions, production and water solutions firm. In addition to keeping Superior tied to the US land market, the deal’s collapse, a casualty of declining crude prices, 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......
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