UPDATE: Hercules Offshore (HERO) Stock Lower on Blowout Reports
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Hercules Offshore (HERO) Rig Could be Total Loss, Stock Likely Buying Opp
July 24, 2013 9:02 AM EDTLate yesterday evening, the natural gas flowing from Hercules Offshore (NASDAQ: HERO) well 265 ignited and spread to the rig. The extent of the damage to the rig is currently unknown but many, including Wells Fargo analyst Matthew D. Conlan, believe the rig will be a total loss.
On a positive note, the environment impact looks low and financial impact to Hero will likely be... More
Hercules Offshore (HERO) Updates on Hercules 265 Incident
July 24, 2013 7:22 AM EDTHercules Offshore (Nasdaq: HERO) provided updates to the incident aboard jackup drilling rig Hercules 265, a 250' mat-supported cantilevered unit, operating for Walter Oil & Gas Corporation in the U.S. Gulf of Mexico OCS lease block South Timbalier 220. Late yesterday evening, the natural gas... More
Hercules Offshore (HERO) Comments on Blowout
July 23, 2013 1:16 PM EDTHercules Offshore (NASDAQ: HERO) today announced that it is experiencing a well control incident on jackup drilling rig Hercules 265, a 250' mat-supported cantilevered unit. Efforts are ongoing to regain control of the natural gas well. At this time, all personnel on board have been... More
