Requirements to Plug Wells Benefits Superior Energy
According to a September 26 report from www.Nola.com, financial analysts are predicting that New Orleans-based Superior Energy Services stands to benefit the most after the Interior Department ordered oil and gas companies operating in the Gulf of Mexico to permanently plug nearly 3,500 temporarily abandoned wells and dismantle about 650 production platforms that are no longer used. Since the announcement, plug and abandonment service provider, Superior Energy shares have risen 10%, closing at $26.69 on September 23.
(Source: www.Nola.com)