Within a few hours of Superior Energy Services filing for bankruptcy Monday in the Southern District of Texas, the court docket was filled with notices of appearance by at least five law firms and five financial advisors. The case is assigned to Chief Bankruptcy Judge David Jones
Superior Energy General Counsel William Masters chose Latham & Watkins and Hunton Andrews Kurth as lead legal advisors for the Houston-based oil and gas services company and 16 of its affiliated companies.
Tad Davidson is the lead co-counsel for Hunton AK. Latham’s lawyers are in the firm’s New York office. Other Hunton AK lawyers working on the bankruptcy are associates Ashley Harper, Catherine Diktaban and Philip Guffy.
Citing total liabilities of $1.38 billion and only $884,723.20 in assets, Superior named Ducera Partners and Johnson Rice & Company are the financial advisors and Alvarez & Marsal is the restructuring advisor.
The group of ad hoc noteholders filed documents stating that Porter Hedges of Houston and Davis Polk & Wardwell of New York are their legal advisors and Evercore is the financial advisor. The Porter Hedges lawyers working on the restructuring include John Higgins, Eric English, Megan Young-John and Mac Marshall.
Simpson Thacher & Bartlett represents the company’s secured asset-based revolving credit facility, including partners Brandan Still and Robert Rabalais, as well as Associate Dylan Benac and lawyers from New York and Washington D.C. FTI Consulting is its financial adviser.
Superior assistant general counsel Jean Paul Overton also filed a notice of appearance on behalf of Warrior Energy Services, an affiliated company. GC Masters has been at Superior for more than a dozen years.
Superior has one lawyer on its board of directors: Janiece Longoria, a former lawyer at Hunton AK and Ogden Gibson Broocks Longoria & Hall. She currently serves as vice chair of the University of Texas System Board of Regents and on the board of directors of the Federal Reserve Bank of Dallas, Houston Branch.