Latham & Watkins Advises Superior Energy in Advancing Comprehensive Restructuring Plan as Anticipated With Voluntary Filing of Chapter 11

Multidisciplinary team is advising the company that serves the drilling, completion, and production-related needs of oil and gas companies worldwide in the matter.

December 22, 2020

Superior Energy Services (Superior) has announced that it has advanced its previously announced financial restructuring by commencing voluntary cases under Chapter 11 of the U.S. Bankruptcy Code before the U.S. Bankruptcy Court for the Southern District of Texas to implement a proposed “pre-packaged” Plan of Reorganization, restructuring more than US$1.3 billion of their funded debt.

Latham & Watkins LLP represents Superior in the process with a restructuring team led by New York partners Keith Simon and George Klidonas, with New York associates Hugh Murtagh, Nacif Taousse, Chris Kochman, Alistair Fatheazam, Evan Schladow, Jon Weichselbaum, Patrick Nicoll, Aubrey Steiger, Shaun Lee, Jordan Gratch, Matthew Lee, and Los Angeles associate Paris Salgado. Advice is also being provided on litigation matters by New York partner Blake Denton and San Diego partner Drew Gardiner, with New York associates Sara Brown and Jesse Sherman; on corporate matters by Houston partners Ryan Maierson and John Greer, with Houston associates Kevin Richardson and Denny Lee; on finance matters by Houston partner Catherine Ozdogan, with Houston associates Benjamin Gelfand and Christopher Wood; and on tax matters by Los Angeles partner Larry Stein and Houston partner Jim Cole, with Houston associate Michael Rowe.

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