Superior Energy Services Inc

Superior Energy Services, Inc. (the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 (the “Form 10-Q”). On December 7, 2020, SESI Holdings, Inc. (formerly known as Superior Energy Services, Inc.) (“Legacy Superior”), and certain of its direct and indirect wholly-owned domestic subsidiaries (together with Legacy Superior, the “Affiliate Debtors”), filed voluntary petitions for relief (the “Chapter 11 Cases”) under Chapter 11 of Title 11 of the United States Code (“Chapter 11”) in the United States Bankruptcy Court for the Southern District of Texas Houston Division (the “Bankruptcy Court”), and, in connection therewith, the Affiliate Debtors filed with the Bankruptcy Court the proposed Joint Prepackaged Plan of Reorganization under Chapter 11 (as amended, modified or supplemented from time to time, the “Plan”). As reported in the Company’s Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 3, 2021, on January 19, 2021, the Bankruptcy Court entered an order, Docket No. 289, confirming and approving the Plan and on February 2, 2021, the conditions to effectiveness of the Plan were satisfied or waived and Legacy Superior emerged from Chapter 11. As disclosed in a Form 12b-25 filed on August 13, 2021, the considerable time and resources management has devoted to the Chapter 11 Cases, the related restructuring under the Plan, and the implementation of fresh start accounting, the Company’s management needed more time to prepare, review and evaluate the Company’s financial statements and disclosures for its Quarterly Reports on Form 10-Q for the periods ended March 31,2021 and June 30, 2021, which were previously filed on September 30, 2021 and October 29, 2021, respectively

Superior Energy Services, Inc. (the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 (the “Form 10-Q”). On December 7, 2020, SESI Holdings, Inc. (formerly known as Superior Energy Services, Inc.) (“Legacy Superior”), and certain of its direct and indirect wholly-owned domestic subsidiaries (together with Legacy Superior, the “Affiliate Debtors”), filed voluntary petitions for relief (the “Chapter 11 Cases”) under Chapter 11 of Title 11 of the United States Code (“Chapter 11”) in the United States Bankruptcy Court for the Southern District of Texas Houston Division (the “Bankruptcy Court”), and, in connection therewith, the Affiliate Debtors filed with the Bankruptcy Court the proposed Joint Prepackaged Plan of Reorganization under Chapter 11 (as amended, modified or supplemented from time to time, the “Plan”). As reported in the Company’s Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 3, 2021, on January 19, 2021, the Bankruptcy Court entered an order, Docket No. 289, confirming and approving the Plan and on February 2, 2021, the conditions to effectiveness of the Plan were satisfied or waived and Legacy Superior emerged from Chapter 11. As disclosed in a Form 12b-25 filed on August 13, 2021, the considerable time and resources management has devoted to the Chapter 11 Cases, the related restructuring under the Plan, and the implementation of fresh start accounting, the Company’s management needed more time to prepare, review and evaluate the Company’s financial statements and disclosures for its Quarterly Reports on Form 10-Q for the periods ended March 31,2021 and June 30, 2021, which were previously filed on September 30, 2021 and October 29, 2021, respectively

Superior Energy Services, Inc. (the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021 (the “Form 10-Q”). As reported in the Company’s Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 3, 2021, on January 19, 2021, the Bankruptcy Court entered an order, Docket No. 289, confirming and approving the Joint Prepackaged Plan of Reorganization under Chapter 11 (as amended, modified or supplemented from time to time, the “Plan”) and on February 2, 2021, the conditions to effectiveness of the Plan were satisfied or waived and Legacy Superior emerged from Chapter 11. As disclosed in a Form 12b-25 filed on May 18, 2021, the considerable time and resources management has devoted to the Chapter 11 Cases, the related restructuring under the Plan, and the implementation of fresh start accounting, the Company’s management needed more time to prepare, review and evaluate the Company’s financial statements and disclosures for its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “First Quarter Form 10-Q”). The Company continues to work to finalize fresh start accounting and, as a result, after the Company files its First Quarter Form 10-Q it will require additional time to complete the preparation of the Form 10-Q. Additionally, the Company reported in a Form 8-K filed on July 27, 2021 that a material weakness had been identified related to the design of the Company’s control to engage appropriate specialists to assist in evaluating the income tax consequences of complex non-routine transactions. Management expects this matter to remain unremediated at the filing date of the Form 10-Q. The Company is working diligently to file the Form 10-Q, but cannot guarantee the exact date on which it will be filed

Superior Energy Services, Inc. (the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “Form 10-Q”). On December 7, 2020, SESI Holdings, Inc. (formerly known as Superior Energy Services, Inc.) (“Legacy Superior”), and certain of its direct and indirect wholly-owned domestic subsidiaries (together with Legacy Superior, the “Affiliate Debtors”), filed voluntary petitions for relief (the “Chapter 11 Cases”) under Chapter 11 of Title 11 of the United States Code (“Chapter 11”) in the United States Bankruptcy Court for the Southern District of Texas Houston Division (the “Bankruptcy Court”), and, in connection therewith, the Affiliate Debtors filed with the Bankruptcy Court the proposed Joint Prepackaged Plan of Reorganization under Chapter 11 (as amended, modified or supplemented from time to time, the “Plan”). As reported in the Company’s Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 3, 2021, on January 19, 2021, the Bankruptcy Court entered an order, Docket No. 289, confirming and approving the Plan and on February 2, 2021, the conditions to effectiveness of the Plan were satisfied or waived and Legacy Superior emerged from Chapter 11. As a result of certain related internal restructurings, effective as of February 2, 2021, the Company (formerly known as Superior Newco, Inc.) became the successor reporting company to Legacy Superior pursuant to Rule 15d-5 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As a result of these events, the considerable time and resources management has devoted to the Chapter 11 Cases, the related restructuring under the Plan, and the implementation of fresh start accounting, the Company’s management needs more time to prepare, review and evaluate the Company’s financial statements and Form 10-Q disclosures