Superior Well Services Closes

A Bradford well services company has closed after 16 years in the business.

Superior Well Services closed on Tuesday. 67 people were employed there. The company says some of those people will be laid off; others may be moved to other companies owned by Nabors Industries.

Nabors bought Superior in 2010. The company is doing restructuring across the country because of a slowdown in the drilling industry.

Nabors stock fell 6 percent today after the company said its second quarter earnings would be short of market estimates. They blame the shortfall on reduced rentals of pressure pumping equipment for fracking.

The news leader of the Twin Tiers ... since 1947

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