Welcome!

News Feed Item

Drilling Reports, Drillship Constructions, and Environment Protection Commitments - Research Report on Patterson-UTI Energy, Atwood Oceanics, Rowan Companies, Penn West Petroleum, and SandRidge Energy

Editor Note: For more information about this release, please scroll to bottom.

NEW YORK, June 28, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting Patterson-UTI Energy Inc. (NASDAQ: PTEN), Atwood Oceanics, Inc. (NYSE: ATW), Rowan Companies Inc. (NYSE: RDC), Penn West Petroleum Ltd. (NYSE: PWE), and SandRidge Energy, Inc. (NYSE: SD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Patterson-UTI Energy Inc. Research Report

On June 5, 2013, Patterson-UTI Energy Inc. (Patterson) announced that for the month of May 2013, the Company had an average of 184 drilling rigs operating in the US and 1 rig in Canada. The Company also reported that it had an average of 185 drilling rigs operating in the US and 2 rigs in Canada, for the two months ended May 31, 2013. Patterson said that the average drilling rigs operating represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company also cautioned that numerous factors in addition to average drilling rigs operating can impact operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Full Research Report on Patterson-UTI Energy Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/c437_PTEN]

--

Atwood Oceanics, Inc. Research Report

On June 24, 2013, Atwood Oceanics, Inc. (Atwood) announced that one of its subsidiaries has entered into a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME). Under the contract, the fourth ultra-deepwater drillship (to be named the Atwood Archer) will be constructed at the DSME yard in South Korea. The Company expects the construction of Atwood Archer to finish by December 31, 2015 with a total cost, including two blowout preventers (BOPs), project management, drilling and handling tools and spares, of approximately $635 million. According to the Company, on the delivery of Atwood Archer, it will become the seventeenth mobile offshore drilling unit owned by Atwood. The design of the Atwood Archer will be similar to the previously ordered Atwood Advantage, Atwood Achiever, and Atwood Admiral. Atwood reported that all of its four drillships are DP-3 dynamically-positioned, dual derrick ultra-deepwater drillships rated to operate in water depths up to 12,000 feet and drill to a depth of up to 40,000 feet. The Full Research Report on Atwood Oceanics, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/4540_ATW]

--

Rowan Companies Inc. Research Report

On June 20, 2013, Rowan Companies Inc. (Rowan) announced that it has entered into a three-year contract with Anadarko Petroleum Corporation for the Rowan Resolute, one of four new ultra-deepwater drillships being constructed for Rowan by Hyundai Heavy Industries Co. Ltd. The Company clarified that the effective day rate is in the high $600 thousands. Rowan had previously reported that the effective day rate is between $606,000 and $609,000, including mobilization revenues. The Full Research Report on Rowan Companies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/63ba_RDC]

--

Penn West Petroleum Ltd. Research Report

On June 23, 2013, Penn West Petroleum Ltd. (Penn West) announced that on Wednesday, June 19, 2013, Penn West personnel identified a failure in a produced water pipeline in the Company's Slave field near Red Earth, Alberta. The pipeline was immediately shut-in and isolated and concerned regulatory authorities and First Nation Communities were notified. Since Penn West responders were immediately dispatched to the site, the spill was contained and remediation efforts were soon underway. Penn West assured that the spill does not pose a hazard to any waterways in the area, and there were no injuries as a result of this incident. The release of produced water is estimated to be in the range of 400-600 cubic meters. The Company said that even when the cause of the release has not been confirmed, however it is committed to protecting the environment and continues to work with the regulatory authorities to resolve this incident. The Full Research Report on Penn West Petroleum Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/c3c2_PWE]

--

SandRidge Energy, Inc. Research Report

On June 25, 2013, SandRidge Energy, Inc. (SandRidge) announced the appointment of Eddie LeBlanc as Executive Vice President and Chief Financial Officer (CFO) of the Company. The role of CFO that was left open when James Bennett was recently named as the Company's Chief Executive Officer and President. SandRidge informed that Mr. LeBlanc will begin his role on July 8, 2013, and will bring to the Company his broad financial experience in the exploration and production industry, at both private and publicly held companies. James D. Bennett said, "With a solid background in both finance and accounting and over 20 years' experience serving in senior financial positions in the energy industry, Eddie will be a great addition to our senior management team. We expect him to focus on capital discipline, optimizing SandRidge's spending levels, and executing on our previously announced financial strategy designed to delivers returns to our shareholders." The Full Research Report on SandRidge Energy, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/bb98_SD]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

SOURCE Wall Street Reports

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
CloudJumper, a Workspace as a Service (WaaS) platform innovator for agile business IT, has been recognized with the Customer Value Leadership Award for its nWorkSpace platform by Frost & Sullivan. The company was also featured in a new report(1) by the industry research firm titled, “Desktop-as-a-Service Buyer’s Guide, 2016,” which provides a comprehensive comparison of DaaS providers, including CloudJumper, Amazon, VMware, and Microsoft.
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes how...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...