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As Of Filer Filing For·On·As Docs:Size Issuer Agent 7/18/07 Hercules Offshore, Inc. 8-K:7,9 7/18/07 2:190K RR Donnelley/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 19K 2: EX-99.1 Hercules Offshore Fleet Status Report HTML 143K
Hercules Offshore Fleet Status Report |
Exhibit 99.1
Hercules Offshore Monthly Rig Status Report as of |
Future Rig Name |
Current Name |
Rig Type |
Location | Customer / Status (1) |
Contract (2) Dayrate ($000s) |
Est. Duration (3) | Comments | |||||||||||
Days | Date | |||||||||||||||||
Domestic Offshore | ||||||||||||||||||
1 |
Hercules 75 |
THE 75 |
Submersible, TD |
GOM | Phoenix Exploration | 70-72 | 25 | 08/12/07 | ||||||||||
2 |
Hercules 77 |
THE 77 |
Submersible, TD |
GOM | Plains E&P | 87-89 | 28 | 08/15/07 | ||||||||||
3 |
Hercules 78 |
THE 78 |
Submersible, TD |
GOM | Shipyard |
Undergoing maintenance through mid-September | ||||||||||||
4 |
Hercules 85 |
Hercules Rig 15 |
85' -ILS, TD |
GOM | Bois D'Arc | 59-61 | 23 | 08/10/07 | ||||||||||
5 |
Hercules 101 |
Hercules Rig 20 |
100' -MC, TD |
GOM | Stacked Ready |
Energy XXI work postponed | ||||||||||||
6 |
Hercules 120 |
Hercules Rig 21 |
120' - MC, TD |
GOM | Chevron | 67-69 | 74 | 09/30/07 | ||||||||||
7 |
Hercules 150 |
THE 150 |
150' - ILC, TD |
GOM | Century Exploration | 65-67 | 13 | 07/31/07 | ||||||||||
8 |
Hercules 152 |
THE 152 |
150' - MC, TD |
GOM | ADTI | 60-62 | 13 | 07/31/07 | ||||||||||
9 |
Hercules 153 |
THE 153 |
150' - MC, TD |
GOM | Stacked Ready | |||||||||||||
10 |
Hercules 173 |
Hercules Rig 22 |
173' - MC, TD |
GOM | Chevron | 67-69 | 74 | 09/30/07 | ||||||||||
11 |
Hercules 200 |
THE 200 |
200' - MC, TD |
GOM | Hunt Oil | 70-72 | 22 | 08/09/07 | ||||||||||
12 |
Hercules 201 |
THE 201 |
200' - MC, TD |
GOM | Royal Production | 75-77 80-82 |
8 19 |
07/26/07 08/06/07 |
||||||||||
13 |
Hercules 202 |
THE 202 |
200' - MC, TD |
GOM | El Paso E&P Company | 80-82 | 31 | 08/18/07 | ||||||||||
14 |
Hercules 203 |
THE 203 |
200' - MC, TD |
GOM | Energy XXI | 69-71 | 69 | 09/25/07 | ||||||||||
15 |
Hercules 204 |
THE 204 |
200' - MC, TD |
GOM | Apache Corp | 115-117 | 87 | 10/13/07 | ||||||||||
16 |
Hercules 207 |
THE 207 |
200' - MC, TD |
GOM | ADTI | 69-71 | 12 | 07/30/07 | ||||||||||
17 |
Hercules 211 |
Hercules Rig 11 |
200' - MC |
GOM | Palm Energy W&T Offshore |
54-56 54-56 |
24 14 |
08/11/07 08/25/07 |
||||||||||
18 |
Hercules 250 |
THE 250 |
250' - MS, TD |
GOM | Peregrine | 65-67 | 42 | 08/29/07 | ||||||||||
19 |
Hercules 251 |
THE 251 |
250' - MS, TD |
GOM | ADTI | 70-72 | 8 | 07/26/07 | ||||||||||
20 |
Hercules 252 |
THE 252 |
250' - MS, TD |
GOM | Arena Offshore | 84-86 | 3 | 07/21/07 | ||||||||||
21 |
Hercules 253 |
THE 253 |
250' - MS, TD |
GOM | Medco Energy | 80-82 | 7 | 07/25/07 | ||||||||||
22 |
Hercules 257 |
Hercules Rig 30 |
250' - MS, TD |
GOM | ADTI/Helis | 84-86 | 32 | 08/19/07 | Scheduled 15 days in shipyard in August for top drive replacement | |||||||||
Average | 29 | days | ||||||||||||||||
23 |
Hercules 155 |
THE 155 |
150' - ILC |
GOM | Cold Stacked 07/01 |
|||||||||||||
24 |
Hercules 191 |
THE 191 |
160' - MS |
GOM | Cold Stacked 08/01 |
|||||||||||||
25 |
Hercules 254 |
THE 254 |
250' - MS |
GOM | Cold Stacked 07/01 |
|||||||||||||
26 |
Hercules 255 |
THE 255 |
250' - MS |
GOM | Cold Stacked 07/01 |
|||||||||||||
27 |
Hercules 256 |
THE 256 |
250' - MS, TD |
GOM | Cold Stacked 03/99 |
Page 1 of 4
Hercules Offshore Monthly Rig Status Report as of |
Future |
Current Name |
Rig Type |
Location |
Customer / Status (1) |
Contract (2) Dayrate ($000s) |
Est. Duration (3) | Comments | |||||||||||
Days | Date | |||||||||||||||||
International Offshore |
||||||||||||||||||
1 | Hercules 110 | THE 110 | 100' - MC, TD | Trinidad | Trinmar | 51-53 | 275 | 04/18/08 | ||||||||||
2 |
Hercules 170 | Hercules Rig 16 | 170' - ILC | Qatar | Oxy | 68-70 | 311 | 05/24/08 | ||||||||||
3 | Hercules 156 | THE 156 | 150' - ILC, TD | Brazil | El Paso Oil and Gas of Brazil | 72-74 | 89 | 10/15/07 | Dry transport to West Africa 10/16 -11/5/07 | |||||||||
Cameroon & Gabon | ADDAX |
134-136 | 180 | 05/22/08 | Six month option at $149-$151K | |||||||||||||
4 | Hercules 185 | THE 185 | 120' - ILC, TD | Angola | Angola Drilling Company Ltd | 58-60 | 32 | 08/19/07 | ||||||||||
124-126 | 365 | 08/18/08 | ||||||||||||||||
5 | Hercules 205 | THE 205 | 200' - MC, TD | Mexico | Shipyard | NA | 730 | 10/22/09 | Repairs expected to be completed in October | |||||||||
PEMEX |
Dayrate adjusts quarterly to published GOM index for 200' Mat Cantilever + $20,000 | |||||||||||||||||
6 | Hercules 206 | THE 206 | 200' - MC, TD | Mexico | PEMEX | 111-113 | 706 | 06/23/09 | ||||||||||
7 | Platform 3 | Platform 3 | Platform, TD | Mexico | PEMEX | 28-30 | 285 | 04/28/08 | ||||||||||
8 | Hercules 258 | Hercules Rig 31 | 250' - MS | India | Cairn | 139-141 | 75 | 10/01/07 | Additional 3 option wells at $139-$141K remaining | |||||||||
9 | Hercules 208 | THE 208 | 200' - MC | Singapore/ | Shipyard | Undergoing | ||||||||||||
Malaysia | Murphy | 109-111 | 1,095 | 02/01/11 | significant refurbishment with expected completion in January 2008 | |||||||||||||
10 |
Hercules 260 | Hercules Rig 26 | 250' - ILC | US GOM/ TBA | Shipyard | Undergoing significant upgrade and refurbishment. Expected completion and commissioning mid-August 2007. Bidding internationally. | ||||||||||||
Average | 414 days | |||||||||||||||||
Land Rigs | ||||||||||||||||||
1 | Cliffs #36 | Cliffs #36 | 2000 hp, TD | Trinidad | Talisman Trinidad | 31-33 | 44 | 08/31/07 | ||||||||||
2 | Cliffs #37 | Cliffs #37 | 2000 hp, TDr | Venezuela | PDVSA | 35-37 | 271 | 04/14/08 | Execution of one year term contract pending | |||||||||
3 | Cliffs #40 | Cliffs #40 | 2000 hp, TD | Venezuela | PDVSA | 35-37 | 264 | 04/07/08 | Execution of one year term contract pending | |||||||||
4 | Cliffs #42 | Cliffs #42 | 2000 hp, TD | Venezuela | PDVSA | 34-36 | 250 | 03/24/08 | Execution of one year term contract pending | |||||||||
5 | Cliffs #43 | Cliffs #43 | 2000 hp, TDr | Venezuela | PDVSA | 35-37 | 268 | 04/11/08 | Execution of one year term contract pending | |||||||||
6 | Cliffs #54 | Cliffs #54 | 3000 hp, TD | Venezuela | PDVSA | 38-40 | 94 | 10/20/07 | Execution of one year term contract pending | |||||||||
7 | Cliffs #55 | Cliffs #55 | 3000 hp, TD | Venezuela | PDVSA | 38-40 | 129 | 11/24/07 | Execution of one year term contract pending | |||||||||
8 | Hercules #26 | Rig #26 | 750 hp | Texas | Stacked Ready | |||||||||||||
9 | Hercules #27 | Rig #27 | 900 hp | Texas | Dewbre Petroleum | 13-15 | 2 | 07/20/07 | ||||||||||
Average | 147 days |
Page 2 of 4
Hercules Offshore Monthly Rig Status Report as of |
Future Rig Name |
Current Name |
Rig Type |
Location |
Customer / Status (1) |
Contract (2) Dayrate ($000s) |
Est. Duration (3) | Comments | |||||||||||
Days | Date | |||||||||||||||||
US Inland Barges | ||||||||||||||||||
1 | Hercules 01 | Rig 01 | Conv - 2000 hp | US Inland Gulf Coast | Maritech Resources Inc. | 35-37 | 43 | 08/30/07 | ||||||||||
2 | Hercules 09 | Rig 09 | Posted - 2000 hp, TD | US Inland Gulf Coast | Red Willow Offshore, LLC | 67-69 | 234 | 03/08/08 | ||||||||||
3 | Hercules 11 | Rig 11 | Conv - 3000 hp, TD | US Inland Gulf Coast | Pel-Tex Oil Co., LLC | 39-41 | 43 | 08/30/07 | ||||||||||
4 | Hercules 15 | Rig 15 | Conv - 2000 hp | US Inland Gulf Coast | Swift Energy Company | 36-38 | 26 | 08/13/07 | ||||||||||
5 | Hercules 17 | Rig 17 | Posted - 3000 hp, TD | US Inland Gulf Coast | Stacked Ready |
|||||||||||||
6 | Hercules 19 | Rig 19 | Conv - 1000 hp | US Inland Gulf Coast | Stacked Ready |
|||||||||||||
7 | Hercules 27 | Rig 27 | Posted - 3000 | US Inland | ADTI | 58-60 | 1 | 07/19/07 | ||||||||||
hp, TD | Gulf Coast | Contango | 58-60 | 121 | 12/15/07 | 28 day shipyard planned between wells in Q3 | ||||||||||||
8 | Hercules 28 | Rig 28 | Conv - 3000 hp | US Inland Gulf Coast | Phoenix Exploration | 33-35 | 48 | 09/04/07 | ||||||||||
9 | Hercules 29 | Rig 29 | Conv - 3000 hp, TD | US Inland Gulf Coast | Kriti Exploration, Inc. | 44-46 | 5 | 07/23/07 | ||||||||||
10 | Hercules 41 | Rig 41 | Posted - 3000 hp, TD | US Inland Gulf Coast | Castex Energy | 45-47 | 17 | 08/04/07 | ||||||||||
11 | Hercules 46 | Rig 46 | Posted - 3000 hp, TD | US Inland Gulf Coast | Stacked Ready |
30 | 08/20/07 | Next to Hunt for 30 days on 7/21 at $40-$42K | ||||||||||
12 | Hercules 48 | Rig 48 | Posted - 3000 hp, TD | US Inland Gulf Coast | Energy XXI | 47-49 | 43 | 08/30/07 | ||||||||||
13 | Hercules 49 | Rig 49 | Posted - 3000 hp, TD | US Inland Gulf Coast | Energy XXI | 42-44 | 32 | 08/19/07 | ||||||||||
14 | Hercules 52 | Rig 52 | Posted - 2000 hp, TD | US Inland Gulf Coast | Summit Energy | 51-53 | 28 | 08/15/07 | ||||||||||
15 | Hercules 55 | Rig 55 | Posted - 3000 hp, TD | US Inland Gulf Coast | Stacked Ready |
Rig completed previous work on 7/16 | ||||||||||||
16 | Hercules 57 | Rig 57 | Posted - 2000 hp, TD | US Inland Gulf Coast | Rozel Operating Company Boss E&P |
45-47 42-44 |
8 48 |
07/26/07 09/04/07 |
||||||||||
17 | Hercules 64 | Rig 64 | Posted - 3000 hp, TD | US Inland Gulf Coast | Denbury Onshore LLC | 41-43 | 7 | 07/25/07 | ||||||||||
Average | 43 | days | ||||||||||||||||
18 | Hercules 07 | Rig 07 | Posted - 2000 hp | US Inland Gulf Coast | Cold Stacked 03/02 |
|||||||||||||
19 |
Hercules 10 | Rig 10 | Posted - 2000 hp | US Inland Gulf Coast | Cold Stacked 03/02 |
|||||||||||||
20 |
Hercules 20 | Rig 20 | Conv - 1000 hp | US Inland Gulf Coast | Cold Stacked 09/03 |
|||||||||||||
21 |
Hercules 21 | Rig 21 | Conv - 1500 hp | US Inland Gulf Coast | Cold Stacked 07/99 |
|||||||||||||
22 |
Hercules 23 | Rig 23 | Conv - 1000 hp | US Inland Gulf Coast | Cold Stacked 03/02 |
|||||||||||||
23 |
Hercules 30 | Rig 30 | Conv - 3000 hp | US Inland Gulf Coast | Cold Stacked 03/02 |
|||||||||||||
24 |
Hercules 31 | Rig 31 | Conv - 3000 hp | US Inland Gulf Coast | Cold Stacked 03/02 |
|||||||||||||
25 |
Hercules 32 | Rig 32 | Conv - 3000 hp | US Inland Gulf Coast | Cold Stacked 12/03 |
|||||||||||||
26 |
Hercules 47 | Rig 47 | Posted - 3000 hp | US Inland Gulf Coast | Cold Stacked 02/98 |
|||||||||||||
27 |
Hercules 61 | Rig 61 | Posted - 3000 hp | US Inland Gulf Coast | Cold Stacked 02/98 |
(1) | Rigs with a Customer named are under contract while rigs described as "Stacked Ready" are not under contract but generally are ready for service. Rigs described as "Cold Stacked" are not actively marketed, normally require the hiring of an entire crew and require a maintenance review and refurbishment before they can function as a drilling rig. |
(2) | Contract dayrates shown in the table above are contract operating dayrates and, in certain cases under our Inland Barge contracts, include revenue for other vessels and services provided by Delta Towing. These rates do not include lump sum amounts reimbursable from the client, bonuses that are considered revenue under generally accepted accounting principles, or revenue already included in other Hercules business segments. |
(3) | Estimated contract duration is an estimate based on current belief by our customer as to the remaining days to complete the project. |
Page 3 of 4
Hercules Offshore Monthly Rig Status Report as of |
Est Duration (3) | ||||||||||||||||
Future Rig Name |
Current Name |
Rig Type |
Location | Customer / Status (1) |
Contract (2) Dayrate ($000s) |
Days | Date | Comments |
Changes from last report are highlighted
Page 4 of 4
Hercules Offshore Liftboat Fleet Status for the month ended |
Leg Length/ Liftboat Class (Feet) |
Total Number of Liftboats |
Actively Marketed Liftboats(1) |
Revenue Per Day Per Liftboat(2) |
Operating Days |
Utilization(3) | Comments | ||||||||
Gulf of Mexico |
||||||||||||||
260 |
1 | 1 | $ | 33,428 | 30 | 100 | % | One vessel in drydock beginning mid-July. | ||||||
230 |
3 | 3 | 28,058 | 58 | 64 | % | One vessel in for repairs through mid-July. | |||||||
190-215 |
6 | 6 | 21,862 | 155 | 86 | % | One vessel in drydock in June. | |||||||
170 |
2 | 2 | 18,176 | 24 | 40 | % | One vessel in for repairs May through mid-July (4). | |||||||
140-150 |
6 | 6 | 10,155 | 131 | 73 | % | Two vessels in drydock in June and two in July. | |||||||
120-130 |
14 | 14 | 8,539 | 228 | 54 | % | Seven vessels in drydock during June, five vessels in drydock in July, one of which is arriving late July. | |||||||
105 |
15 | 14 | 7,218 | 327 | 78 | % | One vessel in drydock in June, two vessels in July. | |||||||
Sub-total/Average |
47 | 46 | 12,689 | 953 | 69 | % | ||||||||
West Africa |
||||||||||||||
170-215 |
3 | 2 | $ | 22,952 | 60 | 100 | % | One vessel on standby from early May until late June, when it returned to full rate(5). One vessel under contract until August 07 and one vessel under contract until April 08. One undergoing refurbishment until January 08. | ||||||
140-150 |
4 | 4 | 9,744 | 90 | 75 | % | One vessel in drydock mid-May through June. Two vessels on standby from early May until late June, when they returned to full rate(5). One vessel under contract until July 08 and two through August 07. | |||||||
120-130 |
7 | 7 | 8,395 | 168 | 80 | % | Two vessels in drydock in June. Four vessels on standby from early May until late June, when they returned to full rate(5). Two vessels under contract through July 08 and one through August 07. | |||||||
105 |
4 | 4 | 10,965 | 92 | 77 | % | Two vessels on standby from early May until late June when they returned to full rate(5). | |||||||
Sub-total/Average |
18 | 17 | 11,398 | 410 | 80 | % | ||||||||
Total/Average |
65 | 63 | 12,301 | 1,363 | 72 | % |
Note:
(1) | Actively marketed liftboats excludes one GOM cold-stacked 105' class liftboat that is undergoing refurbishment until September 2007, and one West Africa 170-215' class which was acquired in June 2007 undergoing refurbishment until January 2008. |
(2) | Includes reimbursables. |
(3) | Utilization is defined as the total number of operating days in the period as a percentage of the total number of calendar days in the period our liftboats were actively marketed. |
(4) | Second quarter operating expenses will include a $1 million insurance deductible for damage to the Mako. |
(5) | Nigeria vessels on standby returned to full contract rate at approximately the end of June. |
The information herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning estimated contract expiration dates, dayrates, estimated dates for completion of repairs and upgrades and commencement dates of new contracts. Such statements are subject to a number of risks, uncertainties and assumptions, including without limitation early termination by the customer pursuant to the contract or otherwise, cancellation or completion of certain contracts earlier than expected, operational difficulties, shipyard and other delays and other factors described in Hercules' annual report on Form 10-K and its most recent periodic reports and other documents filed with the Securities and Exchange Commission, which are available free of charge at the SEC’s website at www.sec.gov or the company’s website at www.herculesoffshore.com. Hercules cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.
Page 1 of 1
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on / For Period End: | 7/18/07 | 3, 4 | ||
6/30/07 | 10-Q | |||
List all Filings |