| Business Summary | | Grey
Wolf,
Inc.
is
a
provider
of
contract
land
drilling
services
in
the
United
States
with
a
domestic
fleet
of
121
rigs
as
of
March
12,
2001,
of
which
90
rigs
are
marketed
and
31
rigs
are
held
in
inventory.
Included
in
the
domestic
and
marketed
fleet
is
one
non-owned
rig
that
the
Company
operates
for
a
third
party.
The
Company
also
maintains
a
fleet
of
five
inventory
rigs
in
Venezuela,
giving
the
Company
a
total
fleet
of
126
rigs.
Its
customers
include
independent
producers
and
major
oil
and
gas
companies.
Grey
Wolf
conducts
its
operations
in
five
domestic
drilling
markets.
These
include
Ark-La-Tex
(Northeast
Texas,
Northern
Louisiana
and
Southern
Arkansas);
Gulf
Coast;
Mississippi/Alabama;
South
Texas,
and
Rocky
Mountain. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Grey
Wolf,
Inc.
is
a
provider
of
contract
land
drilling
services
to
the
oil
and
gas
industry.
For
the
six
months
ended
6/30/01,
revenues
increased
85%
to
$210.1
million.
Net
income
totaled
$34.1
million
vs.
a
loss
of
$11.2
million.
Revenues
reflect
higher
contract
drilling
revenue
due
to
an
increase
in
the
number
of
rigs
working
and
higher
average
revenue
per
day.
Earnings
also
benefited
from
improved
operating
margins
due
to
higher
revenues. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Thomas Richards, 57 Chairman,
Pres, CEO | $636K | $1.2M | William Ziegler, 58 Vice
Chairman | -- | -- | David Wehlman, 42 Sr.
VP, CFO, Sec. | 255K | -- | Edward Jacob, III, 48 Sr.
VP, Marketing | 234K | 68K | Gary Lee, 55 Sr.
VP of HR | 234K | 204K | 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
|
|