| Business Summary | | Horizon
Offshore,
Inc.
provides
marine
construction
services
to
the
offshore
oil
and
gas
industry.
The
Company
operates
primarily
in
the
United
States
Gulf
of
Mexico,
with
additional
operations
extended
into
Mexico,
and
Central
and
South
America.
The
primary
services
provided
by
the
Company
include
installing
pipelines
in
the
Gulf
of
Mexico
and
selected
international
markets;
providing
pipe-bury,
hook-up
and
commissioning
services;
and
installing
production
platforms
and
other
structures,
and
then
disassembling
and
salvaging
them
at
the
end
of
their
life
cycles. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Horizon
Offshore,
Inc.
provides
marine
construction
services
to
the
oil
and
gas
industry
primarily
in
the
Gulf
of
Mexico.
The
Company's
fleet
is
used
to
install
marine
pipelines
to
transport
oil
and
gas
from
production
platforms.
For
the
six
months
ended
6/01,
revenues
totaled
$137.4
million,
up
from
$52.5
million.
Net
income
before
acct.
change
and
extraordinary
item
totaled
$8.1
million,
vs.
a
loss
of
$117
thousand.
Results
reflect
higher
contract
revenues
from
the
projects
in
Mexico. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| James Devine, 42 Chairman | $120K | -- | Bill Lam, 34 Pres,
CEO | 292K | -- | David Sharp, 47 Exec.
VP and CFO | 204K | -- | R. Etheridge, 46 Exec.
VP and COO | 214K | -- | James Cole, 54 Sr.
VP | 164K | $69K | 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
|
|