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POOL ENERGY SERVICES ANNOUNCES ADDITIONAL SUIT AGAINST SUNDOWNER OFFSHORE

 HOUSTON, Oct. 21 /PRNewswire/ -- Pool Energy Services Co. (NASDAQ: PESC) announced today that its subsidiary, Pool Company, has filed a suit in District Court, Harris County, Texas, against Sundowner Offshore Services, Inc., seeking damages stemming from Sundowner's refusal to relinquish possession of three jackup rigs which Pool has an agreement to purchase. Sundowner has been operating the rigs, Ranger IV, Ranger V and Ranger VI, in the Gulf of Mexico under bareboat charter arrangements with Atlantic Pacific Marine Corporation ("APMC"). The new lawsuit alleges that Sundowner has willfully refused to redeliver the rigs to APMC so that the purchase thereof by Pool Company can be completed, and that such conduct constitutes tortious interference with an existing business relationship and conversion of property. Pool Company seeks to recover actual damages from Sundowner, including an unspecified amount for lost business and profits, as well and punitive damages.
 Pool Company, on Sept. 9, 1993, entered into agreements with APMC to purchase the rigs, and APMC then gave a 30 day notice to Sundowner that the charter arrangements were being terminated. The suit by Pool Company is in addition to a legal action filed in September between Sundowner, APMC and Pool Energy Services in which each party is seeking a declaratory judgment with respect to Sundowner's obligation to relinquish the rigs.
 Jim Jongebloed, president and chief executive officer of Pool Energy Services, stated that, "it appears Sundowner is attempting to delay the relinquishment of the rigs for as long as possible."
 Pool Energy Services Co., headquartered in Houston, is a diversified energy services company principally engaged in providing well-servicing, workover and drilling services on land and offshore in the United States and selected international markets.
 -0- 10/21/93
 /CONTACT: D. C. Oatman, director - business development and financial relations of Pool Energy Services Co., 713-954-3316/
 (PESC)


CO: Pool Energy Services Co.; Pool Company; Sundowner Offshore
 Services, Inc.; Atlantic Pacific Marine Corporation ST: Texas IN: OIL SU:


MP -- NY081 -- 5314 10/21/93 14:10 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
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