Pacific Drilling S.A. (NYSE:PACD) announced today that its Notice of Extraordinary General Meeting of Shareholders is available on its website at www.pacificdrilling.com in the “Events & Presentations” subsection of the “Investor Relations” section. In addition, the Notice is being distributed to Pacific Drilling common shareholders of record in advance of the Extraordinary General Meeting, which will be held on Nov. 24 [...]
Pacific Drilling S.A. (NYSE:PACD) announced today that the company’s Board of Directors will recommend at an Extraordinary General Meeting of Shareholders (EGM) the approval of a share repurchase program of up to 8 million shares. Upon approval, the Board intends to immediately initiate the process to repurchase up to $30 million of the company’s issued and outstanding shares as a first tranche in the program. CEO [...]
Pacific Drilling S.A. (NYSE: PACD) today announced net income for third-quarter 2014 of $48.1 million or $0.22 per diluted share, compared to net income of $49.9 million or $0.23 per diluted share for second-quarter 2014. Net income for third-quarter 2013 was $30.3 million or $0.14 per diluted share. CEO Chris Beckett said, "Despite challenging market conditions, Pacific Drilling continues to execute on our plan to [...]
Pacific Drilling S.A. (NYSE: PACD) announced today that it has signed a revolving credit facility with an aggregate principal amount of up to $500 million. Prior to delivery of the Pacific Zonda, up to $350 million is available under the $500 million revolving credit facility. The remaining $150 million will become available following the delivery of the Pacific Zonda upon entry into a satisfactory drilling contract [...]
Pacific Drilling S.A. (NYSE: PACD) will release its third-quarter 2014 financial results on Tuesday, Nov. 4, 2014, after the close of trading on the New York Stock Exchange. A conference call will follow at 9 a.m. Central time on Wednesday, Nov. 5. The results announcement press release will be available on the company’s website at www.pacificdrilling.com. To participate in the Nov. 5 call, please dial +1 785-830-7991 [...]
Pacific Drilling S.A. (NYSE: PACD) announced today that its ultra-deepwater drillship the Pacific Sharav commenced its drilling contract on Aug. 27, 2014. About Pacific Drilling With its best-in-class drillships and highly experienced team, Pacific Drilling is a fast-growing company that is committed to becoming the industry’s preferred ultra-deepwater drilling contractor. Pacific Drilling’s fleet of eight [...]
Pacific Drilling S.A. (NYSE: PACD) announced today that Star Deep Water Petroleum Limited, an affiliate of Chevron, has signed a firm contract extension for the Pacific Bora. As previously announced in our recent Fleet Status reports, the contract extension increases the drillship’s backlog by approximately $439 million, bringing the company’s total contract backlog as of Aug. 22, 2014, to $3.0 billion. Pacific Bora is [...]
Pacific Drilling S.A. (NYSE:PACD) today announced revenue of $260.8 million for the three months ended June 30, 2014, as compared to revenue of $225.6 million for first-quarter 2014 and $176.8 million for second-quarter 2013. Net income for second-quarter 2014 was $49.9 million or $0.23 per diluted share, compared to net income of $22.2 million or $0.10 per diluted share for first-quarter 2014. Net income excluding [...]
Pacific Drilling S.A. (NYSE: PACD) will release its second-quarter 2014 financial results on Aug. 6, 2014, after the close of trading on the New York Stock Exchange. A conference call will follow at 9 a.m. Central time on Thursday, Aug. 7. The results announcement press release will be available on the company’s website at www.pacificdrilling.com. To participate in the Aug. 7 call, please dial +1 785-830-1926 or [...]
Pacific Drilling S.A. (NYSE: PACD) announced today that Michael Acuff joined the company as senior vice president of sales and business development, effective June 1, 2014. Acuff will be based in Houston and responsible for management and administration of all company sales, contract acquisition and corporate planning activities. “I am pleased to welcome Michael to Pacific Drilling,” said CEO Chris Beckett. “His proven [...]
Pacific Drilling S.A. (NYSE: PACD) shareholders approved distributions to shareholders in 2015 of up to $152 million in the aggregate at the company’s 2014 Annual General Meeting today. The approved proposal provides for cash distributions to commence with an initial payment expected in the first quarter of 2015. The subsequent timing, amount and form of the distributions will be subject to the discretion of the company’s [...]
Pacific Drilling S.A. (NYSE: PACD) today announced revenue of $225.6 million for the three months ended March 31, 2014, as compared to revenue of $200.5 million for fourth-quarter 2013 and $175.0 million for first-quarter 2013. Net income for first-quarter 2014 was $22.2 million or $0.10 per diluted share. Net income for first-quarter 2013 was $15.1 million or $0.07 per diluted share. CEO Chris Beckett said, “We [...]
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