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As Of Filer Filing For·On·As Docs:Size Issuer Agent 9/20/07 Hercules Offshore, Inc. 8-K:7,9 9/20/07 2:170K 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 126K
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 / |
Contract (2) Dayrate ($000s) |
Est. Duration (3) | Comments | |||||||||||
Days | Date | |||||||||||||||||
Domestic Offshore | ||||||||||||||||||
1 | Hercules 75 | THE 75 | Submersible, TD | GOM | Warm Stacked | Repair work through mid-October | ||||||||||||
2 | Hercules 77 | THE 77 | Submersible, TD | GOM | Plains E&P | 87-89 | 10 | 09/30/07 | ||||||||||
3 | Hercules 78 | THE 78 | Submersible, TD | GOM | Shipyard | Repair work through mid-October | ||||||||||||
4 | Hercules 85 | Hercules Rig 15 | 85'—ILS, TD | GOM | Bois D'Arc EPL |
59-61 60-62 |
21 30 |
10/11/07 11/10/07 |
||||||||||
5 | Hercules 101 | Hercules Rig 20 | 100'—MC, TD | GOM | Warm Stacked | Replacing electrical (SCR) system through end-October | ||||||||||||
6 | Hercules 120 | Hercules Rig 21 | 120'—MC, TD | GOM | Chevron | 67-69 | 10 | 09/30/07 | Negotiating extension with Chevron | |||||||||
7 | Hercules 150 | THE 150 | 150'—ILC, TD | GOM | Century Exploration | 65-67 | 4 | 09/24/07 | ||||||||||
8 | Hercules 152 | THE 152 | 150'—MC, TD | GOM | Stacked Ready Apache Corp | 54-56 | 45 | 09/25/07 11/09/07 |
||||||||||
9 | Hercules 153 | THE 153 | 150'—MC, TD | GOM | Warm Stacked | Conducting repairs/crane replacement through end-October | ||||||||||||
10 | Hercules 173 | Hercules Rig 22 | 173'—MC, TD | GOM | Chevron | 67-69 | 10 | 09/30/07 | Negotiating extension with Chevron | |||||||||
11 | Hercules 200 | THE 200 | 200'—MC, TD | GOM | W&T Offshore | 66-68 | 40 | 10/31/07 | ||||||||||
12 | Hercules 201 | THE 201 | 200'—MC, TD | GOM | Stacked Ready | |||||||||||||
13 | Hercules 202 | THE 202 | 200'—MC, TD | GOM | El Paso E&P Company L.P. | 80-82 | 10 | 09/30/07 | ||||||||||
14 | Hercules 203 | THE 203 | 200'—MC, TD | GOM | Energy XXI | 69-71 64-66 |
5 90 |
09/25/07 12/24/07 |
||||||||||
15 | Hercules 204 | THE 204 | 200'—MC, TD | GOM | Apache Corp | 115-117 | 23 | 10/13/07 | ||||||||||
16 | Hercules 207 | THE 207 | 200'—MC, TD | GOM | ADTI | 69-71 | 8 | 09/28/07 | Next to Warm Stack | |||||||||
17 | Hercules 211 | Hercules Rig 11 | 200'—MC | GOM | Warm Stacked | Conducting repairs/crane replacement through mid-October | ||||||||||||
18 | Hercules 250 | THE 250 | 250'—MS, TD | GOM | Warm Stacked | Repair work through mid-October | ||||||||||||
19 | Hercules 251 | THE 251 | 250'—MS, TD | GOM | Stacked Ready | |||||||||||||
20 | Hercules 252 | THE 252 | 250'—MS, TD | GOM | Century Exploration | 60-62 | 11 | 10/01/07 | ||||||||||
21 | Hercules 253 | THE 253 | 250'—MS, TD | GOM | Bayou Bend | 70-72 | 10 | 09/30/07 | Next to shipyard for repairs through late-October | |||||||||
22 | Hercules 257 | Hercules Rig 30 | 250'—MS, TD | GOM | Warm Stacked | Top drive replacement completed mid-September | ||||||||||||
Average | 15 | 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 Rig Name |
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 | 211 | 04/18/08 | Down for routine inspection +/— 10 days in early October | |||||||||
2 | Hercules 170 | Hercules Rig 16 | 170'—ILC | Qatar | Oxy | 68-70 | 247 | 05/24/08 | ||||||||||
3 | Hercules 156 | THE 156 | 150'—ILC, TD | Brazil Cameroon & Gabon |
El Paso Oil and Gas of Brazil ADDAX | 72-74 134-136 |
25 180 |
10/15/07 05/29/07 |
Dry transport to West Africa 11/10—11/30/07 Additional six month option | |||||||||
4 | Hercules 185 | THE 185 | 120'—ILC, TD | Angola | Angola Drilling Company Ltd | 124-126 | 365 | 08/18/08 | ||||||||||
5 | Hercules 205 | THE 205 | 200'—MC, TD | Mexico | Shipyard PEMEX |
NA | 730 | 10/22/09 | Repairs expected to be completed in October. 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 | 642 | 06/23/09 | ||||||||||
7 | Platform 3 | Platform 3 | Platform, TD | Mexico | PEMEX | 28-30 | 221 | 04/28/08 | ||||||||||
8 | Hercules 258 | Hercules Rig 31 | 250'—MS | India | Cairn | 139-141 | 71 | 11/30/07 | Additional 2 option wells remaining | |||||||||
9 | Hercules 208 | THE 208 | 200'—MC | Singapore/ Malaysia |
Shipyard Murphy |
109-111 | 1,095 | 02/01/11 | Undergoing significant refurbishment with expected completion in 1Q 2008 | |||||||||
10 | Hercules 260 | Hercules Rig 26 | 250'—ILC | US GOM/ TBA | Shipyard | Undergoing significant upgrade and refurbishment. Expected completion and commissioning October 2007. Bidding internationally. | ||||||||||||
Average | 379 | days | ||||||||||||||||
Land Rigs | ||||||||||||||||||
1 | Cliffs #36 | Cliffs #36 | 2000 hp, TD | Trinidad | Stacked Ready | |||||||||||||
2 | Cliffs #37 | Cliffs #37 | 2000 hp, TDr | Venezuela | PDVSA | 35-37 | 207 | 04/14/08 | One year contract renewal executed | |||||||||
3 | Cliffs #40 | Cliffs #40 | 2000 hp, TD | Venezuela | PDVSA | 35-37 | 200 | 04/07/08 | One year contract renewal executed | |||||||||
4 | Cliffs #42 | Cliffs #42 | 2000 hp, TD | Venezuela | PDVSA | 34-36 | 186 | 03/24/08 | One year contract renewal executed | |||||||||
5 | Cliffs #43 | Cliffs #43 | 2000 hp, TDr | Venezuela | PDVSA | 35-37 | 204 | 04/11/08 | One year contract renewal executed | |||||||||
6 | Cliffs #54 | Cliffs #54 | 3000 hp, TD | Venezuela | PDVSA | 38-40 | 55 | 11/14/07 | Pending execution of 1 well renewal (6 months duration) | |||||||||
7 | Cliffs #55 | Cliffs #55 | 3000 hp, TD | Venezuela | PDVSA | 38-40 | 30 | 10/20/07 | Pending execution of 1 well renewal (6 months duration) | |||||||||
8 | Hercules #26 | Rig #26 | 750 hp | Texas | Warm Stacked | |||||||||||||
9 | Hercules #27 | Rig #27 | 900 hp | Texas | Pogo | 14-16 | 60 | 11/19/07 | ||||||||||
Average | 105 | days |
Page 2 of 4
Hercules Offshore Monthly Rig Status Report as of |
Future Rig Name |
Current |
Rig Type |
Location |
Customer / |
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 | 30 | 10/20/07 | Next to Warm Stack | |||||||||
2 | Hercules 09 | Rig 09 | Posted—2000 hp, TD | US Inland Gulf Coast | Red Willow Offshore, LLC | 67-69 | 170 | 03/08/08 | Additional one year option | |||||||||
3 | Hercules 11 | Rig 11 | Conv—3000 hp, TD | US Inland Gulf Coast | Pel-Tex Oil Co., LLC | 39-41 | 10 | 09/30/07 | ||||||||||
4 | Hercules 15 | Rig 15 | Conv—2000 hp | US Inland Gulf Coast | Swift Energy Company | 36-38 | 6 | 09/26/07 | ||||||||||
5 | Hercules 17 | Rig 17 | Posted—3000 hp, TD | US Inland Gulf Coast | Apache | 43-45 | 25 | 10/15/07 | ||||||||||
6 | Hercules 19 | Rig 19 | Conv—1000 hp | US Inland Gulf Coast | Dune Operating | 33-35 | 50 | 11/09/07 | ||||||||||
7 | Hercules 27 | Rig 27 | Posted—3000 hp, TD | US Inland Gulf Coast | ADTI Contango |
54-56 58-60 |
20 62 |
10/10/07 01/08/08 |
28 day shipyard planned between wells in Q3 | |||||||||
8 | Hercules 28 | Rig 28 | Conv—3000 hp | US Inland Gulf Coast | Warm Stacked | |||||||||||||
9 | Hercules 29 | Rig 29 | Conv—3000 hp, TD | US Inland Gulf Coast | Swift Energy Company | 38-42 | 10 | 09/30/07 | ||||||||||
10 | Hercules 41 | Rig 41 | Posted—3000 hp, TD | US Inland Gulf Coast | Castex Energy | 45-47 | 27 | 10/17/07 | ||||||||||
11 | Hercules 46 | Rig 46 | Posted—3000 hp, TD | US Inland Gulf Coast | Hunt Petroleum | 40-42 | 11 | 10/01/07 | ||||||||||
12 | Hercules 48 | Rig 48 | Posted—3000 hp, TD | US Inland Gulf Coast | Maritech Resources | 48-50 | 35 | 10/25/07 | ||||||||||
13 | Hercules 49 | Rig 49 | Posted—3000 hp, TD | US Inland Gulf Coast | Stacked Ready | |||||||||||||
14 | Hercules 52 | Rig 52 | Posted—2000 hp, TD | US Inland Gulf Coast | McMoRan | 45-47 | 10 | 09/30/07 | ||||||||||
15 | Hercules 55 | Rig 55 | Posted—3000 hp, TD | US Inland Gulf Coast | Stacked Ready | |||||||||||||
16 | Hercules 57 | Rig 57 | Posted—2000 hp, TD | US Inland Gulf Coast | Rosetta | 40-42 | 27 | 10/17/07 | ||||||||||
17 | Hercules 64 | Rig 64 | Posted—3000 hp, TD | US Inland Gulf Coast | Shipyard | Completing hull repair early-October | ||||||||||||
Average | 29 | 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 “Shipyard” are undergoing maintenance, repairs, or upgrades and may or may not be actively marketed depending on the length of stay in the shipyard. Rigs described as “Warm Stacked” may have a reduced number of crew, but only require a full crew to be 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 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 | $ | — | — | 0 | % | One vessel in drydock August and September | ||||||
230 | 3 | 3 | 29,108 | 93 | 100 | % | ||||||||
190-215 | 6 | 6 | 20,706 | 118 | 63 | % | One vessel in drydock in August through mid September, one vessel entering drydock mid-September | |||||||
170 | 2 | 2 | 19,230 | 44 | 71 | % | One vessel under repair 10 days | |||||||
140-150 | 6 | 6 | 10,231 | 111 | 60 | % | Two vessels in drydock in August, one completing Sept, one completing October | |||||||
120-130 | 14 | 14 | 8,703 | 292 | 67 | % | Two vessels in drydock in August, one additional vessel entered drydock late August, three vessels in drydock in September | |||||||
105 | 15 | 14 | 7,056 | 276 | 64 | % | Three vessels in drydock in August, three vessels in drydock in September | |||||||
Sub-total/Average | 47 | 46 | 12,442 | 934 | 65 | % | ||||||||
West Africa | ||||||||||||||
170-215 | 3 | 2 | $ | 25,478 | 62 | 100 | % | One newly acquired vessel under refurbishment | ||||||
140-150 | 4 | 4 | 12,284 | 124 | 100 | % | ||||||||
120-130 | 7 | 7 | 9,640 | 167 | 77 | % | Three vessels were in drydock in August | |||||||
105 | 4 | 4 | 12,269 | 118 | 95 | % | ||||||||
Sub-total/Average | 18 | 17 | 13,079 | 471 | 89 | % | ||||||||
Total/Average | 65 | 63 | 12,656 | 1,405 | 72 | % |
Note:
(1) | Actively marketed liftboats excludes one GOM cold-stacked 105' class liftboat, and one West Aftrica 170-215' class which was acquired in June 2007 undergoing refurbishment until mid-Q1 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. |
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 4 of 4
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on / For Period End: | 9/20/07 | 4, 8-K | ||
8/31/07 | 4 | |||
List all Filings |