16 Feb 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. Chief Accounting Officer Carson Troy L had 235 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 Feb 2011capital raising announcement▲ GoodMajor
Hercules agreed to buy all 20 jackup rigs of rival Seahawk Drilling out of Chapter 11 bankruptcy for $100 million ($25 million cash plus 22.3 million Hercules shares valued at just $3.36 each, versus the $33.95 it had paid for its own stock in 2008) -- consolidating the jackup market as a weaker competitor failed, while also flagging a non-cash impairment on its own cold-stacked rigs amid the post-Macondo drilling slowdown.
10 Feb 2011substantial holder notice● Neutral
THE VANGUARD GROUP, INC. disclosed a new substantial HERCULES OFFSHORE, INC. shareholding (5.18% of votes).
4 Feb 2011substantial holder notice● Neutral
BlackRock, Inc reported a HERCULES OFFSHORE, INC. shareholding of 7,152,418 shares (6.23% of votes) in a periodic institutional filing.
12 Jan 2011production update▲ Good
Chevron's rate stepped up again (to $35-37K, extended to mid-2011) and rigs began five-year regulatory recertification surveys -- continued gradual normalization.
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.
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
Hercules said new MMS safety and supplemental-plan notices issued June 8 and June 18, 2010 could delay customers' Gulf of Mexico drilling permits. It expected its idle rigs and those finishing contracts to struggle to win new work until permits were issued.
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.