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Bullwinkle News

29 Apr 2014

Offshore Energy Timeline:1806-2014

1806  - Spring pole cable drilling developed in US. 1844  - Fluid circulating rotary well drilling patented in England. 1845  - Circulated fluid used to remove drill cuttings for first time. 1860  - Fluid circulation rotary diamond coring drill developed in France. 1869 – T homas Fitch Rowland  patents  a “submarine drilling apparatus,” a fixed, working platform for drilling offshore to a depth of almost 50 feet. The anchored tower had telescoping legs, similar to modern offshore platforms. 1878  - First bulk oil tanker begins operation in the Caspian Sea. 1891  - First ocean-going tanker launched. 1897  - Wells drilled off piers in Summerland, Calif. 1905 – Oil discovered in the Caddo Pine Island field in Lousiana. 1911  -  Gulf Refining Co.

29 Apr 2010

Superior Energy Services Q1 2010 Results

Superior Energy Services, Inc. (NYSE:SPN) announced net income of $21.5 million and diluted earnings per share of $0.27 on revenue of $364.5 million for the first quarter of 2010, as compared with net income of $56.8 million, or $0.72 diluted earnings per share on revenue of $437.1 million for the first quarter of 2009. Terence Hall, Chairman and CEO of Superior, commented, "While our earnings are below year-ago levels, our financial and operational results are much improved from the fourth quarter of 2009, which is encouraging, especially since the first quarter is typically a seasonally weak period. The company also reaffirms its previously announced full-year 2010 earnings guidance of $1.50 to $1.70 earnings per share.

27 Jan 2000

USCG Proposes Safety Zone for Gulf Rigs

The USCG is proposing to establish safety zones around seven large oil and gas rigs in the Gulf of Mexico, to protect them from marine traffic transiting the fairways to the Mississippi River or Houston-Galveston. The request for the safety zones came from Shell Offshore and includes large rigs producing 100,000 to 250,000 barrels of oil per day. The seven platforms covered by the proposed rule are Boxer, Bullwinkle, Ursa Tension Leg, West Delta, Mars Tension Leg, Ram-Powell Tension Leg and Auger Tension Leg. All seven are located near navigational fairways. In each case, the safety zone would extend for 1,640.4 ft. from the outer edges of the structure. Only attending vessels, vessels under 100 ft.