Past year: ▼ 95%(5.90c – 1.24 USD)
Each one in plain English, with the numbers worked through for a shareholder.
18 July 2007production update● Neutral
With the TODCO merger now closed, the fleet report jumped to a much larger combined roster of renumbered "Hercules"-branded rigs -- though several of the newly added domestic units sat stacked and ready between contracts as the enlarged company absorbed the deal.
18 July 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. director F Gardner Parker received 1,200 shares as part of the equity award.
17 July 2007asset acquisition disposition▲ GoodMajor
Hercules closed its acquisition of TODCO on July 11, 2007, and simultaneously refinanced into a new $1.05 billion credit facility, retiring its original 2005 credit agreement -- the deal that transformed it from a liftboat/small-jackup operator into a much larger drilling company.
14 June 2007production update▼ Bad
Three domestic rigs sat idle and "stacked ready" between contracts as Gulf of Mexico demand softened, and a liftboat (the Mako) was damaged, incurring a $1 million deductible.
1 June 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. President Hercules Liftboat Co Reed Randal R exercised stock options for 30,000 shares and disposed of 60,000 shares.
17 May 2007production update▼ Bad
Rig 11 moved to a lower-rate contract ($54-56K); domestic dayrates kept softening while the international fleet held steadier.
4 May 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. SVP, Planning & Corp Develop Manz Steven A exercised stock options for 55,000 shares and disposed of 110,000 shares.
24 Apr 2007business combination● Neutral
Ahead of the TODCO merger closing, Hercules named John Rynd Executive VP and COO over all drilling and marine operations and promoted James Noe to Senior VP/General Counsel/Chief Compliance Officer -- management realignment to run the combined company.
16 Apr 2007production update▼ Bad
Two Chevron-contracted rigs re-signed at lower dayrates (~$67-69K, down from $79-81K) -- domestic Gulf of Mexico pricing softening even as the TODCO merger neared completion.
28 Mar 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP,Chief Financial Officer Lisa W Rodriguez bought 10,000 shares on the open market.
22 Mar 2007business combination▲ GoodMajor
Hercules agreed to acquire TODCO, a much larger jackup drilling company, in a deal worth about $930.7 million cash plus 56.9 million new Hercules shares -- roughly doubling the company's size in its biggest move yet.
19 Mar 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP,Chief Financial Officer Lisa W Rodriguez received 9,000 shares and a 50,000-share option grant as part of the equity award.
15 Mar 2007production update▼ Bad
Rig 20's dayrate was cut sharply to $69-70K as its high-priced Energy XXI contract ended, even as the India rig continued working steadily under its Cairn contract.
20 Feb 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President Human Resources Bryan James C received 2,500 shares and a 21,500-share option grant as part of the equity award.
20 Feb 2007production update▼ Bad
Rig 15's dayrate reset sharply lower to $74-76K (from $89-91K), and the Rig 26 upgrade cost climbed again to about $47 million with completion pushed to July -- the first signs of softer domestic pricing and rising rebuild costs.
20 Feb 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO and President Randall D Stilley received 20,000 shares and a 100,000-share option grant as part of the equity award.
20 Feb 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. Chief Financial Officer Manz Steven A received 6,500 shares and a 56,400-share option grant as part of the equity award.
20 Feb 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. President, Hercules Int'l Rodney Don P received a stock option grant for 7,500 shares.
20 Feb 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, General Counsel, CCO, Sec. Noe James William received 5,000 shares and a 43,000-share option grant as part of the equity award.
20 Feb 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. President Hercules Liftboat Co Reed Randal R received 3,400 shares and a 30,000-share option grant as part of the equity award.
20 Feb 2007director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP Hercules Offshore Rynd John T received 8,100 shares and a 72,000-share option grant as part of the equity award.
14 Feb 2007substantial holder notice● Neutral
Greenhill & Co., Inc, Greenhill Capital Partners, LLC, GCP Managing Partner, L.P, Greenhill Capital Partners, L.P, Greenhill Capital, L.P reported a HERCULES OFFSHORE, INC. shareholding of 672,564 shares (2.10% of votes) in a periodic institutional filing.
19 Jan 2007production update● Neutral
Fleet steady; West Africa liftboat revenue was reduced by a deferral on one vessel and overall liftboat utilization held near 74%.
19 Dec 2006director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP Hercules Offshore Rynd John T bought 10,000 shares on the open market at $30.30.
14 Dec 2006production update● Neutral
Fleet largely stable; Rig 15 picked up a short farm-out at a higher $97-99K dayrate, and the Rig 26 upgrade remained on track.
5 Dec 2006director interest notice● Neutral
HERCULES OFFSHORE, INC. 10%+ owner Greenhill Capital Partners, LLC sold 125,000 shares at $33.00.
21 Nov 2006production update▼ Bad
A Gulf of Mexico liftboat was damaged in a storm and will be out roughly nine months, while the Rig 26 upgrade's completion slipped again (to late April 2007) with cost confirmed at $40 million.
20 Nov 2006director interest notice● Neutral
HERCULES OFFSHORE, INC. insider Lr Hercules Holdings, LP sold 5,000,000 shares at $33.00.
17 Nov 2006director interest notice● Neutral
HERCULES OFFSHORE, INC. 10%+ owner Greenhill Capital Partners, LLC sold 2,500,000 shares at $33.00.
14 Nov 2006securities registration● Neutral
HERCULES OFFSHORE, INC. filed the final prospectus for a registered offering.
