25 Aug 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. President and CEO Randall D Stilley sold 2,410 shares at $7.07.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Aug 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. VP & Chief Accounting Officer William G. Evans sold 577 shares at $7.07.
25 Aug 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. Sr VP, GC, CCO & Secretary Cestero Alejandro sold 1,034 shares at $7.07.
24 Aug 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. VP & Chief Accounting Officer William G. Evans sold 304 shares at $7.48.
20 Aug 2010production update● Neutral
Fleet report as of August 20, 2010: Seahawk 2601 began earning its full $41,000 dayrate with Hilcorp on August 19, 2600 has a new Tarpon contract at $40,000 for 70 days, and 2001 has a Medco Energi contract at $30,000 with permit pending. Seahawk 2007 is doing wireline work for Mariner at a reduced $6,500 a day after its $32,000 contract ended August 18; 2504 and 2505 remain available.
3 Aug 2010production update▼ BadMajor
Fleet report as of August 3, 2010: Seahawk 3000 moves to cold stacked/shipyard with its Energy XXI, Badger and a new Arena ($60,000 a day, 5-well) contract all deferred, and 2500's Arena contract is deferred to November. Seahawk 2600, 2001, 2504 and 2505 are now available, and 2601 is earning a $25,000 standby rate while awaiting a permit, so only a few rigs are working, which continues the permit slowdown.
2 July 2010production update● Neutral
Fleet report as of July 2, 2010: Seahawk 3000 now shows as contracted with Energy XXI and Badger at $55,000 a day (replacing the repair status), and 2004 is working for Bandon Oil & Gas again with a permit. Seahawk 2500's Arena Offshore contract (70 days at $35,000) is pushed to January 10, 2011 because Arena's drilling program is deferred until November; 2504 and 2505 are available.
1 July 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Mark E Baldwin received 1,903 shares as part of the equity award.
1 July 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Richard J Alario received 2,238 shares as part of the equity award.
1 July 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Edmund P III Segner received 2,238 shares as part of the equity award.
1 July 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Stephen A Snider received 2,572 shares as part of the equity award.
1 July 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Franklin Myers received 1,955 shares as part of the equity award.
1 July 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director John T III Nesser received 2,109 shares as part of the equity award.
29 June 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. President and CEO Randall D Stilley received 31,019 shares as part of the equity award.
9 June 2010production update▼ Bad
Fleet report as of June 9, 2010: Seahawk 3000 repairs are still due to finish July 1, and Seahawk 2504 is now available after finishing its Mariner contract on June 6. Seahawk 2004 is standing by at a zero dayrate with its Bandon Oil & Gas contract awaiting a permit, and several follow-on contracts (2601, 2500, 2007) show permits pending under new MMS guidelines, which continues the permit-moratorium thread.
14 May 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Edmund P III Segner received 5,572 shares as part of the equity award.
14 May 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Franklin Myers received 5,572 shares as part of the equity award.
14 May 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Stephen A Snider received 5,572 shares as part of the equity award.
14 May 2010production update▼ BadMajor
The company says the US Department of the Interior announced on May 6, 2010 that no new offshore drilling permits will be issued until a safety review is done, expected around May 28, 2010. Seahawk's whole fleet works in the US Gulf of Mexico, so it warns that a longer moratorium would hurt results and that its rigs would idle as current contracts finish; all but one backlog contract starting during the moratorium (the Seahawk 2004's next job) is permitted, and the company does not expect any rig to win new Gulf contracts until it is lifted.
14 May 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Richard J Alario received 5,572 shares as part of the equity award.
14 May 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director John T III Nesser received 5,572 shares as part of the equity award.
14 May 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. director Mark E Baldwin received 5,572 shares as part of the equity award.
12 May 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. Sr VP & CFO James R Easter received 25,000 shares as part of the equity award.
26 Apr 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. VP & Chief Accounting Officer William G. Evans sold 750 shares at $19.15.
23 Apr 2010production update▼ Bad
Updated fleet report with a setback: Seahawk 3000's jacking system was damaged when jacking up on Hilcorp's location, and it is undergoing repairs (about 68 days, estimated to 7/1/2010). Seahawk 2601 has been substituted to fulfil Hilcorp's program at $41,000 a day for 100 days. Seahawk 2500 is under tow to a new contract with ADTI/Contango at $33,000, and Seahawk 2505 is available.
9 Apr 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. Sr VP, GC, CCO & Secretary Cestero Alejandro sold 553 shares at $18.50.
29 Mar 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. SVP, Human Resources Gonzales Raymond received 10,000 shares as part of the equity award.
23 Mar 2010production update▲ Good
Updated fleet report. Eight rigs are contracted in the US Gulf, with several follow-on contracts at higher dayrates, such as Seahawk 2600 with Peregrine at $42,500, Seahawk 2602 with Arena Offshore at $40,000 and Seahawk 2007 with Mariner at $35,000. Seahawk 3000 is in the shipyard until about 4/15/2010 before its Hilcorp contract at $55,000 a day. Two rigs remain available and ten are cold stacked.
8 Mar 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. Sr VP and COO Hoffman William Conrad received 34,516 shares as part of the equity award.
8 Mar 2010director interest notice● Neutral
SEAHAWK DRILLING, INC. Sr VP, GC, CCO & Secretary Cestero Alejandro received 16,805 shares as part of the equity award.