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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]

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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]

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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]

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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]

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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]

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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.
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SOURCE Wall Street Reports

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