425

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 26, 2011

COMPLETE PRODUCTION SERVICES, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-32858	72-1503959
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
11700 Katy Freeway, Suite 300 Houston, Texas		77079
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (281) 372-2300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On October 26, 2011, Complete Production Services, Inc. issued a press release announcing its results of operations for the quarter ended September 30, 2011. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K, and its contents are hereby incorporated by reference into this report.

The scripted portion of the earnings release conference call held on October 26, 2011 is furnished as Exhibit 99.2 to this Current Report on Form 8-K and its contents are hereby incorporated by reference into this report.

The information in this Report and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), nor shall this Report and exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly stated by specific reference in such filing.

Item 8.01 Other Events

The exhibits attached hereto are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1	Press release issued on October 26, 2011
99.2	Conference call transcript by Complete Production Services, Inc. on October 26, 2011

Additional Information

Complete and Superior plan to file a joint proxy statement/prospectus and other documents with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION REGARDING COMPLETE, SUPERIOR AND THE PROPOSED ACQUISITION. A definitive joint proxy statement/prospectus will be sent to security holders of Complete and Superior seeking their approval of the acquisition. Investors and security holders may obtain a free copy of the proxy statement/prospectus (when available) and other documents filed by Complete and Superior with the Securities and Exchange Commission (“SEC”) at the SEC’s web site at www.sec.gov. The proxy statement/prospectus and such other documents (relating to Complete) may also be obtained for free from Complete by accessing Complete’s website at www.completeproduction.com. The proxy statement/prospectus and such other documents (relating to Superior) may also be obtained for free from Superior by accessing Superior’s website at www.superiorenergy.com

Complete, its directors, executive officers and certain members of management and employees may be considered “participants in the solicitation” of proxies from Complete’s stockholders in connection with the acquisition. Information regarding such persons and a description of their interests in the acquisition will be contained in the joint proxy statement/prospectus when it is filed, and additional information regarding such persons is included in Complete’s proxy statement filed with the SEC on April 18, 2011.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 26, 2011
	Complete Production Services, Inc.
	By:	/s/ Jose A. Bayardo
		Jose A. Bayardo
		Senior Vice President and Chief Financial Officer

COMPLETE PRODUCTION SERVICES, INC.

EXHIBIT INDEX TO FORM 8-K

EXHIBIT NO.	ITEM
99.1	Press release issued on October 26, 2011
99.2	Conference call transcript by Complete Production Services, Inc. on October 26, 2011

EX-99.1

Exhibit 99.1

Complete Production Services, Inc. Reports Third Quarter 2011 Earnings from Continuing Operations of $0.75 Per Diluted Share

Houston—(Business Wire)—October 26, 2011—Complete Production Services, Inc. (NYSE: CPX) today reported third quarter revenue of $590.3 million, Adjusted EBITDA (as defined below) of $157.3 million, operating income of $108.6 million and net income from continuing operations of $59.3 million, or $0.75 per diluted share.

Revenue for the Completion and Production Services segment during the third quarter of 2011 was $535.6 million, an increase of $43.7 million over the prior quarter. Adjusted EBITDA for the segment was $154.2 million in the third quarter of 2011, up $9.3 million versus the second quarter of 2011.

Drilling Services segment revenue was $54.7 million during the third quarter of 2011, an increase of $2.3 million over the second quarter of 2011. Adjusted EBITDA for the segment was $14.4 million in the third quarter of 2011, an increase of $0.6 million compared to the previous quarter.

Compared to the third quarter of 2010, consolidated revenue increased $180.0 million, or 44%, Adjusted EBITDA increased $46.2 million, operating income increased $42.1 million, and net income from continuing operations increased $27.7 million, or $0.34 per diluted share.

As previously reported, third quarter 2011 results were adversely impacted by several items that are not expected to affect future results, including delayed deliveries of fluid ends, required design modifications on recently deployed coiled tubing units, flooding in Pennsylvania and northern Mexico, and repositioning of a pressure pumping fleet from the Barnett Shale to West Texas. Additionally, third quarter 2011 results included pre-tax costs of $0.9 million related to the proposed merger of Complete and Superior Energy Services, Inc. and a foreign exchange loss of $1.6 million due to a 15% devaluation of the Mexican Peso against the U.S. dollar.

“We achieved several significant accomplishments and delivered record earnings during the quarter despite the impact from these items,” commented Joe Winkler, Chairman and Chief Executive Officer of Complete.

“Our successes during the quarter included:

• The deployment of our third Eagle Ford frac spread under a long-term take or pay agreement;

• The start-up of pressure pumping operations in the Permian Basin of West Texas;

• The deployment of an additional large-diameter extended reach coiled tubing unit;

• Improved performance of our North Dakota pressure pumping operations; and

• Exiting the quarter with cash and restricted cash of $225.3 million.”

“Additionally, at the beginning of the fourth quarter we deployed a new 49,500 horsepower pressure pumping spread in the Marcellus under a long-term take or pay contract and we completed the acquisition of a Permian Basin focused pressure pumping, cementing and acidizing service company for $77.8 million, net of cash acquired and subject to working capital adjustments, and up to $6.5 million in additional milestone payments.”

“This acquisition along with the other investments we have recently made in West Texas provides us with a substantial platform in this well established oil basin. We now offer all of our core completion services

in this market including pressure pumping, coiled tubing, well servicing and fluid management. We see meaningful opportunities to continue expanding our position in this region, which has attractive growth prospects due to the application of modern completion techniques.”

“We remain optimistic regarding activity levels in the oil and liquid-rich resource plays in North America into 2012, in spite of the current macroeconomic uncertainty. Additionally, our level of conviction regarding the long-term prospects for our business is as strong as ever based on overall industry fundamentals and the tremendous job our people have done in positioning the company for the future.”

“We look forward to completing the merger with Superior Energy Services, Inc., which we expect to close as soon as the end of this year, so we can begin realizing the powerful benefits of combining these two industry leaders,” concluded Mr. Winkler.

Complete Production Services, Inc. is a leading oilfield service provider focused on the completion and production phases of oil and gas wells. The company has established a significant presence in unconventional oil and gas plays in North America that it believes have the highest potential for long-term growth.

Complete will hold a conference call to discuss third quarter 2011 results on Wednesday, October 26, 2011 at 10:00 a.m. Eastern Time. To participate in the live conference call, dial (866) 356-4441 at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 14420817. The conference call will be available for replay beginning at 12:00 p.m. Eastern Time on October 26, 2011, and will be available until November 2, 2011. To access the conference call replay, please call (888) 286-8010 and use the passcode: 83134179. The call is also being webcast and can be accessed at our website at www.completeproduction.com.

The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risk and uncertainties. These forward-looking statements include statements regarding future market conditions, opportunities for expansion, the anticipated closing of the company’s merger with Superior Energy Services, Inc. and the company’s future success. Such statements are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry, the uncertainty of near-term and long-term activity levels, general economic conditions in the United States and globally, and other risks described in the company’s most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. The company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release.

Management evaluates the performance of Complete’s operating segments using non-GAAP financial measures, including Adjusted EBITDA. Adjusted EBITDA is calculated as net income from continuing operations before net interest expense, taxes, depreciation, amortization, impairment charges and non-controlling interest. Adjusted EBITDA is not a substitute for GAAP measures of earnings and cash flow. Adjusted EBITDA is used in this press release because our management considers this measure to be an important supplemental measure of performance and believes it is used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.

For more information, please contact:

Canaan Factor

Director of Investor Relations

281-372-2300

2

Complete Production Services, Inc.

Consolidated Statements of Operations

For the Quarters Ended September 30, 2011 and 2010 and June 30, 2011

And the Nine Months Ended September 30, 2011 and 2010

(unaudited, in thousands, except share and per share data)

	Quarter Ended									Nine Months Ended
	September 30,						June 30,			September 30,
	2011			2010			2011			2011			2010
		(unaudited)			(unaudited)			(unaudited)			(unaudited)			(unaudited)
Revenue		590,289			410,270			544,232			1,623,707			1,064,489
Cost of services		379,192			257,776			346,723			1,042,269			690,023
General and administrative expense		53,830			41,448			49,871			152,453			125,128
Depreciation and amortization		48,695			44,563			49,231			146,832			134,798
		481,717			343,787			445,825			1,341,554			949,949
Income from continuing operations before interest and taxes		108,572			66,483			98,407			282,153			114,540
Interest expense		12,917			14,151			13,666			40,709			43,653
Interest income		(180	)		(73	)		(131	)		(407	)		(249	)
Income from continuing operations before taxes		95,835			52,405			84,872			241,851			71,136
Tax provision		36,513			20,814			31,782			91,420			28,609
Income from continuing operations	$	59,322		$	31,591		$	53,090		$	150,431		$	42,527
Discontinued operations, net of tax	$	(136	)	$	1,439		$	1,415		$	2,194		$	3,412
Net income	$	59,186		$	33,030		$	54,505		$	152,625		$	45,939
Earnings per Share:
Continuing operations	$	0.76		$	0.41		$	0.68		$	1.94		$	0.56
Discontinued operations	$	(0.00	)	$	0.02		$	0.02		$	0.03		$	0.04
Basic earnings per share:	$	0.76		$	0.43		$	0.70		$	1.97		$	0.60
Continuing operations	$	0.75		$	0.41		$	0.67		$	1.90		$	0.55
Discontinued operations	$	(0.01	)	$	0.01		$	0.02		$	0.03		$	0.04
Diluted earnings per share:	$	0.74		$	0.42		$	0.69		$	1.93		$	0.59
Weighted average shares outstanding:
Basic		78,004			76,130			77,777			77,578			75,957
Diluted		79,445			77,792			79,187			79,080			77,395

3

Complete Production Services, Inc.

Condensed Consolidated Balance Sheets

As of September 30, 2011 and December 31, 2010

(in thousands)

	September 30,			December 31,
	2011			2010
	(unaudited)			(unaudited)
Assets:
Cash	$	208,281		$	119,135
Other current assets		543,445			416,075
Property, plant and equipment, net		1,073,825			950,932
Goodwill		252,137			247,675
Restricted cash (1)		17,000			17,000
Other long-term assets		26,274			24,162
Assets of discontinued operations		—			25,597
Total assets		2,120,962			1,800,576
Liabilities and stockholders’ equity:
Current liabilities		210,121			145,563
Long-term debt		650,000			650,000
Long-term deferred tax liabilities		275,784			190,389
Other long-term liabilities		4,512			5,916
Liabilities of discontinued operations		—			2,874
Total liabilities		1,140,417			994,742
Common stock		780			764
Treasury stock		(7,408	)		(1,765	)
Additional paid-in capital		688,709			657,993
Retained earnings		278,790			126,165
Cumulative translation adjustment		19,674			22,677
Total stockholders’ equity		980,545			805,834
Total liabilities and stockholders’ equity	$	2,120,962		$	1,800,576

⁽¹⁾ Represents funds placed in escrow as a compensating balance for certain potential long-term insurance claim liabilities, effectively cash collateralizing and replacing a letter of credit.

4

Complete Production Services, Inc.

Consolidated Segment Information

For the Quarters Ended September 30, 2011 and 2010, and June 30, 2011

And Nine Months Ended September 30, 2011 and 2010

(in thousands, except percentages)

	Quarter Ended
	September 30,						June 30,
	2011			2010			2011
	(unaudited)			(unaudited)			(unaudited)
Revenue:
Completion and production services	$	535,625		$	361,457		$	491,881
Drilling services (2)		54,664			48,813			52,351
Total revenues	$	590,289		$	410,270		$	544,232
Adjusted EBITDA: (1)
Completion and production services	$	154,249		$	108,104		$	144,931
Drilling services (2)		14,388			12,685			13,782
Corporate and other		(11,370	)		(9,743	)		(11,075	)
Total	$	157,267		$	111,046		$	147,638
Adjusted EBITDA as a % of Revenue:
Completion and production services		28.8	%		29.9	%		29.5	%
Drilling services (2)		26.3	%		26.0	%		26.3	%
Total		26.6	%		27.1	%		27.1	%

	Nine Months Ended
	September  30, 2011			September  30, 2010
	(unaudited)			(unaudited)
Revenue:
Completion and production services	$	1,464,593		$	938,205
Drilling services (2)		159,114			126,284
	$	1,623,707		$	1,064,489
Adjusted EBITDA: (1)
Completion and production services	$	420,694		$	250,609
Drilling services (2)		40,561			26,622
Corporate and other		(32,270	)		(27,893	)
	$	428,985		$	249,338
Adjusted EBITDA as a % of Revenue:
Completion and production services		28.7	%		26.7	%
Drilling services (2)		25.5	%		21.1	%
Total		26.4	%		23.4	%

⁽¹⁾  Adjusted EBITDA is a non-GAAP measure used by management, as defined in the last paragraph of this press release.

⁽²⁾ Our Products segment historically consisted of our fabrication and repair shop in north Texas and our Southeast Asian business. We sold our Southeast Asian business in July 2011 and recorded these results as discontinued operations. The remaining Products segment has been combined into the Drilling Services segment for all periods presented.

5

Complete Production Services, Inc.

Reconciliation of Adjusted EBITDA to Net Income (Loss)

For the Quarters Ended September 30, 2011 and 2010, and June 30, 2011

And the Nine Months Ended September 30, 2011 and 2010

(unaudited, in thousands)

	Completion &  Production Services		Drilling Services		Corporate & Other			Total
Quarter Ended September 30, 2011:
Adjusted EBITDA (1)	$	154,249	$	14,388	$	(11,370	)	$	157,267
Depreciation & amortization		43,147		4,972		576			48,695
Operating income (loss)	$	111,102	$	9,416	$	(11,946	)	$	108,572
Interest expense									12,917
Interest income									(180	)
Income taxes									36,513
Income from continuing operations								$	59,322
Quarter Ended September 30, 2010:
Adjusted EBITDA (1)	$	108,104	$	12,685	$	(9,743	)	$	111,046
Depreciation & amortization		39,078		4,970		515			44,563
Operating income (loss)	$	69,026	$	7,715	$	(10,258	)	$	66,483
Interest expense									14,151
Interest income									(73	)
Income taxes									20,814
Income from continuing operations								$	31,591
Quarter Ended June 30, 2011:
Adjusted EBITDA (1)	$	144,931	$	13,782	$	(11,075	)	$	147,638
Depreciation & amortization		43,585		5,042		604			49,231
Operating income (loss)	$	101,346	$	8,740	$	(11,679	)	$	98,407
Interest expense									13,666
Interest income									(131	)
Income taxes									31,782
Income from continuing operations								$	53,090
Nine Months Ended September 30, 2011:
Adjusted EBITDA (1)	$	420,694	$	40,561	$	(32,270	)	$	428,985
Depreciation & amortization		129,988		15,063		1,781			146,832
Operating income (loss)	$	290,706	$	25,498	$	(34,051	)	$	282,153
Interest expense									40,709
Interest income									(407	)
Income taxes									91,420
Income from continuing operations								$	150,431
Nine Months Ended September 30, 2010:
Adjusted EBITDA (1)	$	250,609	$	26,622	$	(27,893	)	$	249,338
Depreciation & amortization		118,641		14,653		1,504			134,798
Operating income (loss)	$	131,968	$	11,969	$	(29,397	)	$	114,540
Interest expense									43,653
Interest income									(249	)
Income taxes									28,609
Income from continuing operations								$	42,527

⁽¹⁾ Adjusted EBITDA is a non-GAAP measure used by management, as defined in the last paragraph of this press release.

6

EX-99.2

Exhibit 99.2

COMPLETE PRODUCTION SERVICES, INC.

QUARTER ENDED SEPTEMBER 20, 2011

CONFERENCE CALL TRANSCRIPT

OCTOBER 26, 2011 AT 2:00 PM GMT

Operator:	Good day, ladies and gentlemen and welcome to the third quarter 2011 Complete Production Services, Inc. earnings conference call. My name is Jasmine, and I will be your coordinator for today. As a reminder, this conference is being recorded for replay purposes. I would like to turn the presentation over to Mr. Canaan Factor, Director of Investor Relations. Please proceed.
Canaan Factor:	Thanks, Jasmine. Good morning, and thank you for joining us as we host our third quarter 2011 earnings conference call. With me here today are Joe Winkler, Chairman and CEO; and Brian Moore, President and Chief Operating Officer; and Jose Bayardo, Senior Vice President and Chief Financial Officer.
	Before we begin the discussion of our financial results, please note that some of the statements we make during this call may contain projections and estimates, including comments about our outlook for the Company’s business, which are forward-looking statements within the meaning of the Securities Act of 1933 and 1934. These forward-looking statements are based on limited information as of today, which is subject to change.
	These forward-looking statements are further subject to risks and uncertainties, and actual results may differ materially. You should not assume that the forward-looking statements remain valid beyond the current quarter. I refer you to our various documents filed with the Securities and Exchange Commission for a more detailed discussion of some of the risk factors that might impact our business. With that, I now turn it over to Joe Winkler.
Joe Winkler:	Thanks, Canaan. Good morning, and thank you for participating on our call today.
	Quarter three was another solid quarter for CPX, with revenue of $590.3 million, EBITDA of $157.3 million or 26.6%, and net income from continuing operations of $59.3 million or $0.75 per diluted share. Sequentially, revenue was up $46.1 million or 8.5%, and EBITDA increased $9.6 million, resulting in incremental EBITDA margins of 21%.
	Activity levels during the quarter were about as we anticipated. However, our results were adversely impacted by several items which are not expected to affect future results. This included delayed deliveries of fluid ends, resulting in a couple of fleets being down for brief periods during the quarter; design modifications on recently deployed large diameter extended-reach coil tubing units; flooding in Pennsylvania

	and Northern Mexico; and repositioning a frac fleet from the Barnett Shale to the Permian Basin, resulting in lower utilization for the fleet and costs associated with the preparation, transport and startup of the fleet.
	In addition, we incurred $900,000 in costs related to the proposed merger of Complete and Superior Energy Services and foreign exchange loss of $1.6 million due to a significant depreciation of the Mexican peso against the US dollar. The flooding in Mexico impacted our coil tubing business, while the flooding in Pennsylvania impacted the pressure pumping business and, to a lesser extent, our coil tubing and well service operations.
	In spite of these issues, we accomplished a lot during the quarter, including deployment of our third Eagle Ford frac spread under a long-term take-or-pay contract, successfully started up our pressure pumping operation in the Permian Basin, deployed an additional large diameter extended-reach coil tubing unit, improved our pressure pumping operations in the Bakken, and moved additional fluid handling and well service assets to the Permian Basin.
	Although difficult to quantify precisely, we are confident that we would have achieved our prior quarter guidance range of $165 million to $170 million in EBITDA were it not for the above mentioned issues, and would have generated EBITDA margins slightly higher than that achieved in quarter two. Our Canadian business increased as a result of the seasonal recovery from the quarter two low point, and each of our pressure-pumping fluid-management coil tubing and well services businesses contributed about the same percent of revenue as in quarter two, reflecting our balanced and focused approach. I will now turn it to Jose for a few comments and come back for your outlook.
Jose Bayardo:	Thanks, Joe. I will first run through a couple of income statement items and then provide an update on cash flow and the balance sheet.
	SG&A during the quarter was $53.8 million, which presented a $4 million increase over the second quarter of 2011. Primary reasons for this increase included the foreign exchange loss that resulted from the 15% devaluation of the Mexican peso against the US dollar, expenses related to the proposed merger of Complete and Superior Energy Services, and payroll related costs. Excluding the effect of foreign exchange in transaction related expenses, we expect a slight increase in SG&A from Q3 to Q4 associated with normal year end activities.
	Depreciation and amortization expense was $48.7 million, a decrease of approximately $500,000. This light falloff was the result of certain assets reaching the end of their depreciable lives, partially offset by new acquisitions, most of which were deployed during the latter part of the quarter. We still anticipate that our full year depreciation and amortization expense will be approximately $200 million. Cash flow remains strong, allowing us to add a little over $40 million to our cash balance during the quarter while investing $110.9 million in capital

	expenditures. We generated $136.2 million in cash flow from operating activities and, as disclosed in our prior earnings release, during July we received proceeds of $19.3 million from the divestiture of [our] products business.
	We finished the quarter with a $225 million cash balance, which includes cash and restricted cash. Our credit facility remains undrawn, and our only debt outstanding is our $650 million in senior notes. Our net debt position is $425 million, and our trailing 12 month EBITDA is roughly $550 million, giving us a leverage ratio, or net debt to trailing 12 month EBITDA, of less than 0.8 times at the end of the quarter. The operating cash flow and strong balance sheet leaves us with attractive capacity to pursue investments, including the West Texas platform acquisition mentioned in the press release. I will pass it back over to Joe to talk about our outlook.
Joe Winkler:	Thanks, Jose. Our outlook for activity levels for the remainder of 2011 and into 2012 continues to be optimistic. Demand for our services remains strong, especially in the long [lateral] service intensive oil and liquid rich plays.
	While there may be concerns about activity levels due to the macro economic issues and possible impact on commodity prices and thus customer cash flows, we have not yet seen an impact to our business. Our customers are in the budgeting process and will soon be establishing activity levels for 2012. Although we won’t know for sure until they completed their budgets, indications are that we can expect more of the same for 2012; that is, increased activity in the oil and liquid rich areas, with flat to slightly lower levels of activity in some of the mature gas basins.
	During quarter four we have successfully deployed our fourth frac spread in the Marcellus on a long-term take-or-pay contract, and will employ additional horsepower to bring our year end horsepower total to 430,000, of which approximately 65% is contracted. We continued our expansion into the oil oriented basins by recently acquiring a Permian Basin-focused pressure pumping, cementing and acidizing service company for approximately $78 million. This along with our numerous fluid assets, 21 well service rigs, pressure pumping equipment and other assets provides us with a substantial platform to provide all of our core completion services in this well established oil basin, creating opportunities to accelerate and continue our growth.
	Our CapEx for 2011 is now expected to be in the $425 million range. In addition to the pumping horsepower, we expect to deploy an additional large diameter coil unit, along with numerous fluid management assets and well service rigs and two additional term contracted drilling rigs during the fourth quarter.
	Consistent with our view last quarter, our preliminary thoughts for 2012 CapEx, subject to Board approval, are that we spend an amount at least equal to it and likely in excess of the 2011 amount. This would include additional pressure pumping horsepower as well as opportunities in coil, fluid and well services. We believe there will be very attractive return opportunities as we continue our expansion efforts within the long lateral oil related basins.

Based upon our results in Q3, the expected activity for Q4 and the asset deployments during the quarter, we expect quarter four EBITDA to fall within the range of $180 million to $185 million. This is exclusive of estimated deal costs of $3 million to $5 million incurred or are to be incurred in connection with our proposed merger with Superior Energy Services.

Our challenges will be similar to those in quarter three; a tight supply chain for both equipment and consumables, inflationary forces and a tight labor market impacting our ability to timely and properly crew our equipment.

Speaking of the merger, by now most of you are aware that we recently announced the merger of Complete and Superior Energy Services and conducted a conference call on October 10 to discuss the transaction. We are excited about the prospects of the merger but will not be discussing the status on our call this morning other than to say both teams have been very busy spending time with our employees, discussing the transaction, and answering many of their questions.

In addition, we have been working diligently in preparation for our various required filings and anticipate we can close the transaction as soon as late in this quarter. We direct and encourage you to review the transcript and slides associated with that call.

Thanks to all of our dedicated and loyal employees for another job well done. Jasmine, with that, we will open it up for questions.