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Home > Company Index > Energy > Oil & Gas Services > Torch Offshore, Inc.

Torch Offshore, Inc.
Nasdaq: TORC
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 NEWS FROM THE WIRES
Torch Offshore posts profit on strong prices
Aug 02 2001 06:18 AM PDT

More WIRE STORIES about this company

 PROFILE
Torch Offshore hopes to blaze a path to sustained profitability in the waters of the Gulf of Mexico. The company provides subsea construction services to help oil companies develop offshore oil and natural gas reservoirs on the continental shelf of the Gulf of Mexico. Torch Offshore's niche market is the installation and maintenance of small-diameter flowlines and related infrastructure. The firm's eight vessels provide a range of services from pipelaying to a water depth of 300 ft., to diver support, to subsea construction to a depth of 10,000 ft. CEO Lyle Stockstill and SVP Lana Stockstill (the husband and wife who founded predecessor Torch, Inc,. in 1978) control about 56% of the company.

 COMPETITION
Cal Dive International, Inc. (CDIS)
Global Industries, Ltd. (GLBL)
Horizon Offshore, Inc. (HOFF)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 46.20
1-Yr. Sales Growth: 117.4%
Employees: 238
Revenue per employee: $194,117.65

 KEY PEOPLE
• Lyle G. Stockstill
    CEO
• William J. Blackwell
    CFO

 CONTACT INFO
401 Whitney Ave., Ste. 400
Gretna, LA 70056
US
Phone: 504-367-7030
Fax: 504-367-7075
Online: Web Site

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