15 Dec 2010production update▲ Good
Domestic dayrates edged up further and several rigs began scheduling multi-week regulatory surveys well into 2011 -- a sign of renewed confidence in longer-term work.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Nov 2010production update● Neutral
The new three-year Angola contract was confirmed, but domestic average contract duration fell further to just 27 days -- the moratorium's chilling effect on new U.S. commitments still visible even as rates held.
28 Oct 2010quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $15.1 million for the period ended 2010-09-30.
27 Oct 2010quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $15.1 million for the period ended 2010-09-30.
21 Oct 2010production update▲ Good
The long-idle international rig Hercules 185 landed a new three-year contract with Chevron's Angola unit at $59-61K starting around January 2011 -- a bright spot offsetting the still-chilled domestic Gulf of Mexico market.
21 Sept 2010production update▼ Bad
Average contract duration fell to just 41 days as customers avoided longer commitments under the moratorium, even as dayrates held around $31-37K.
17 Aug 2010production update▼ Bad
Rigs continued to sit "pending permit" as the drilling moratorium persisted, with dayrates flat and the idle international rig still on reduced standby.
3 Aug 2010quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $15.1 million for the period ended 2010-09-30.
3 Aug 2010quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $15.1 million for the period ended 2010-09-30.
20 July 2010production update▼ Bad
Domestic dayrates held flat around $31-35K as new work increasingly depended on customers getting drilling permits under the post-Macondo moratorium.
25 June 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director Madonna Thomas J bought 5,000 shares on the open market at $2.71.
23 June 2010production update▼ BadMajor
The fleet report began flagging "regulatory uncertainty in the Gulf of Mexico" for the first time -- the federal drilling moratorium following the Deepwater Horizon spill -- a new headwind layered on top of the still-fragile post-2009 recovery, while an idle international rig sat on a reduced standby rate in Angola.
3 June 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Worldwide Liftboat Ops. Pellegrin Todd had 441 shares withheld for taxes on vesting stock.
3 June 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President-Worldwide Ops Carr Terrell L bought 25,000 shares on the open market at $2.60.
3 June 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO & President Rynd John T bought 30,000 shares on the open market at $2.86.
24 May 2010production update● Neutral
The improved $31-37K dayrate range held, with about a dozen rigs still cold-stacked.
13 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thierry Pilenko received 15,000 shares as part of the equity award.
13 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director Suzanne V Baer received 15,000 shares as part of the equity award.
13 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas R Jr. Bates received 15,000 shares as part of the equity award.
13 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director Madonna Thomas J received 15,000 shares as part of the equity award.
13 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas N Amonett received 15,000 shares as part of the equity award.
13 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director F Gardner Parker received 15,000 shares as part of the equity award.
13 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director Steven A Webster received 15,000 shares as part of the equity award.
13 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas M Hamilton received 15,000 shares as part of the equity award.
11 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP, CFO and Treasurer Butz Stephen M received a stock option grant for 90,000 shares.
11 May 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Corp. Controller and CAO Carson Troy L received a stock option grant for 75,000 shares.
28 Apr 2010production update▲ Good
Chevron's indexed dayrate rose for the first time since the crash (to $31-33K, with a new extension through year-end), and other rigs re-priced up to $31-35K -- a genuine recovery signal.
21 Apr 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Corp. Controller and PAO Carson Troy L had 662 shares withheld for taxes on vesting stock.
21 Apr 2010director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President-Worldwide Ops Carr Terrell L had 926 shares withheld for taxes on vesting stock.
18 Mar 2010production update● Neutral
The gradual recovery continued, with one rig mobilized in from Mexico to pick up domestic work.