HOUSTON, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Superior Energy Services, Inc. (OTC: SPNV) (the “Company”) announced today that its Board of Directors has authorized a new stock repurchase program of up to $15.0 million of its outstanding shares of common stock. Repurchases may be made at management’s discretion from time to time in the open market, through negotiated transactions, or otherwise. The timing and amounts of any purchases will be based on market conditions and other factors including price, regulatory requirements, and capital availability. The authorization will expire March 31, 2020 and may be suspended or discontinued at any time at the discretion of the Board of Directors.

About Superior Energy Services

Superior Energy Services serves the drilling, completion and production-related needs of oil and gas companies worldwide through a diversified portfolio of specialized oilfield services and equipment that are used throughout the economic life cycle of oil and gas wells. For more information, visit: www.superiorenergy.com.