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
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...