| Business Summary | | Marine
Drilling
Companies,
Inc.
is
engaged
in
offshore
contract
drilling
of
oil
and
gas
wells
for
independent
and
major
oil
and
gas
companies
with
operations
the
United
States
Gulf
of
Mexico
and
internationally.
The
Company
owns
and
operates
a
fleet
of
17
offshore
drilling
rigs
consisting
of
five
independent
leg
jack-up
units,
four
of
which
have
a
cantilever
feature,
10
mat
supported
jack-up
units,
five
of
which
have
a
cantilever
feature,
and
two
semi-submersible
units.
Additionally,
the
Company
owns
one
independent
leg
jack-up
rig
configured
as
an
accommodation
unit.
Currently,
15
of
its
rigs
are
located
in
the
United
States
Gulf
of
Mexico,
and
the
three
remaining
rigs
are
in
Southeast
Asia,
the
North
Sea
and
Western
Australia. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Marine
Drilling
Companies
is
engaged
in
offshore
domestic
and
international
contract
drilling
of
oil
and
gas
wells.
For
the
six
months
ended
6/30/01,
revenues
increased
64%
to
$182.6
million.
Net
income
totaled
$52.6
million,
up
from
$12.7
million.
Revenues
benefitted
from
an
increase
in
day
rates
for
the
Company's
jack-up
fleet
in
the
Gulf
of
Mexico.
Net
income
also
benefitted
from
improved
margins
and
lower
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Barbanell, 70 Chairman | -- | -- | Jan Rask, 45 Pres,
CEO, Director | $940K | -- | T. Scott O'Keefe, 45 CFO,
Sr. VP, Sec. | 443K | $490K | Bobby Benton, 48 Sr.
VP - Operations | 431K | -- | Dale Wilhelm, 38 VP
and Controller | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|