By the end of August, 35 of our 71 drilling rigs of 29% will have installed top drives and be working at 100% utilization. In addition 31 rigs will be operating under term contracts. 31 of the 46 active rigs today were operating at 65% utilization today so 31 of our 65 active rigs or 66% of the fleet are now protected with term contracts.By the end of this month all rental top drives will have been released and 8 of the 35 rigs with top drives that have been upgraded are mechanical with average day rates in excess of 17,000 per day and 5 of those mechanical rigs are backed by term contracts as well.
Pioneer Drilling Company Q2 2010 Earnings Call Transcript
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.