Complete Production Services - Öl-Dienstleister - 500 Beiträge pro Seite

[R-BgO]

insbesondere im Fracking-Bereich;

Complete Production Services, Inc. (NYSE: CPX) today reported second quarter revenue of $360.2 million, an increase of 16% over the first quarter of 2010, Adjusted EBITDA (as defined below) of $85.3 million, an increase of 53% over the first quarter of 2010, operating income of $39.9 million and net income of $15.7 million, or $0.20 per diluted share. Cash balance increased to $141.6 million as of the second quarter, and the company's $240 million credit facility remains undrawn.

Revenue for the Completion and Production Services segment during the second quarter of 2010 was $310.5 million, an increase of 17% over the prior quarter. Adjusted EBITDA for the segment was $84.7 million in the second quarter of 2010, up 47% versus the first quarter of 2010. Adjusted EBITDA margin was 27.3% during the second quarter of 2010 versus 21.7% for the first quarter of 2010. The segment continued to benefit from increased horizontal drilling and completion related activity and the associated escalation in service intensity within U.S. resource plays. All significant U.S. service lines contributed to the improved performance, with the largest contribution from pressure pumping and coiled tubing. Price improvement in some service lines and select geographic areas also positively impacted the results of the segment.

Drilling Services segment revenue was $40.4 million during the second quarter of 2010, versus $35.1 million reported for the prior quarter, representing an increase of 15%. The segment reported Adjusted EBITDA of $8.7 million, up 60% versus the first quarter of 2010. The improved performance of the segment is attributable to improved pricing and utilization for contract drilling and rig relocation services.

In comparison to the second quarter of 2009, consolidated revenue increased $121.8 million, or 51%, operating income increased $62.8 million, Adjusted EBITDA increased $56.8 million and net income increased by $41.5 million, or $0.54 per diluted share.

"We delivered outstanding performance during the second quarter," commented Joe Winkler, Chairman and CEO. "U.S. activity levels continued to improve throughout the quarter, particularly in oil and liquid-rich resource plays, and we are executing well in the field."

"We believe our reputation, market position and balance sheet will allow us to capitalize on attractive growth opportunities. Beginning in the third quarter of 2010, we will start deploying additional pressure pumping capacity, most of which will be committed under long-term contracts. The deployment will include two frac fleets in the Eagle Ford Shale of South Texas, a frac fleet in the Marcellus Shale and additional pressure pumping capacity in the Bakken Shale. As a result of our investments, we anticipate our 2010 capital expenditures will be between $155 and $165 million."

"We remain pleased with how the company is positioned, believe activity in oil and liquid-rich plays will remain robust for the foreseeable future and are optimistic regarding the near-term and long-term outlook for the North American natural gas markets," concluded Mr. Winkler.

Complete Production Services, Inc. is a leading oilfield service provider focused on the completion and production phases of oil and gas wells. The company has established a significant presence in unconventional oil and gas plays in North America that it believes have the highest potential for long-term growth.

Complete will hold a conference call to discuss second quarter 2010 results on Wednesday, July 21, 2010 at 2:30 p.m. Eastern Time. To participate in the live conference call, dial [phone] at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 33412145. The conference call will be available for replay beginning at 5:30 p.m. Eastern Time on July 21, 2010 and will be available until July 28, 2010. To access the conference call replay, please call [phone] and use the passcode: 26086546. The call is also being webcast and can be accessed at our website at www.completeproduction.com.

[DJGurke]

Ein sehr fleißiger Arbeiter vor dem Herrn!!
Ich hab jetzt schon zahlreiche Neue Threads von dir gesehen.
Zerpflückst jeden FOCUS MONEY,(wie ich).

[DJGurke]

Antwort auf Beitrag Nr.: 40.042.016 von R-BgO am 25.08.10 12:27:38

Wohl ein Highlight! Und keiner da!

[DJGurke]

Antwort auf Beitrag Nr.: 40.293.020 von DJGurke am 09.10.10 00:40:30

Doch, ich! Wie auch bei DIAMOND OFFSHORE, AMERICAN CAPITAL AGENCY, OCADO GROUP, NOVOZYMES , PEABODY ENERGY, NEXANS etc. pp

Deine konstruktiven und informativen Beiträge sind ein HIGHLIGHT!!!

[R-BgO]

Complete Production Services, Inc. (NYSE:CPX) today reported third quarter revenue of $418.6 million, an increase of 16% over the second quarter of 2010, and Adjusted EBITDA (as defined below) of $113.0 million, an increase of 32% over the second quarter of 2010. Third quarter 2010 operating income was $68.2 million, up 71% versus the second quarter of 2010, and net income was $33.0 million, or $0.42 per diluted share, an increase of $17.4 million, or $0.22 per diluted share, over the prior quarter.

Revenue for the Completion and Production Services segment during the third quarter of 2010 was $361.5 million, an increase of 16% over the prior quarter. Adjusted EBITDA for the segment was $108.1 million in the third quarter of 2010, up 28% versus the second quarter of 2010. Adjusted EBITDA margin was 29.9% during the third quarter of 2010 versus 27.3% for the second quarter of 2010. The segment continued to benefit from increased horizontal drilling and completion related activity within resource plays, particularly in areas that are oil and liquid-rich. The segment also benefited from the deployment by the Company of approximately 40,000 hydraulic horse power (HHP) of new pressure pumping equipment into the Eagle Ford and Bakken shales during the latter part of the third quarter.

Drilling Services segment revenue was $48.6 million during the third quarter of 2010, versus $40.4 million for the prior quarter, representing an increase of 20%. The segment reported Adjusted EBITDA of $12.9 million, an increase of $4.3 million, or 49%, versus the second quarter of 2010. The improved performance of the segment is primarily attributable to improved utilization of equipment for rig relocation and contract drilling services.

In comparison to the third quarter of 2009, which included a $36.2 million impairment charge, consolidated revenue increased $188.7 million, or 82%, Adjusted EBITDA increased $90.6 million, operating income increased $132.3 million, and net income increased by $85.1 million, or $1.11 per diluted share.

"We delivered another quarter of excellent financial performance and achieved several significant accomplishments," commented Joe Winkler, Chairman and CEO. "During the third quarter we:

* Deployed our first pressure pumping fleet in the Eagle Ford Shale and successfully completed our first few jobs during the month of September;
* Acquired a 21-unit well service business to further expand our platform in the Eagle Ford Shale;
* Deployed 11,250 HHP of additional pressure pumping equipment into the Bakken Shale; and
* Executed additional agreements for pressure pumping fleets to be delivered in 2011."

"We continue to pursue attractive growth opportunities that are the result of our proven expertise in executing horizontal completions and our customers' need for quality service providers as they expand in oil and liquid-rich resource plays. We believe the service intensive oil and liquid-rich basins provide our customers opportunities for enhanced returns, which should result in robust activity levels," concluded Mr. Winkler.

Complete Production Services, Inc. is a leading oilfield service provider focused on the completion and production phases of oil and gas wells. The company has established a significant presence in unconventional oil and gas plays in North America that it believes have the highest potential for long-term growth.

Complete will hold a conference call to discuss third quarter 2010 results on Wednesday, October 20, 2010 at 11:00 a.m. Eastern Time. To participate in the live conference call, dial [phone] at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 45846683. The conference call will be available for replay beginning at 2:00 p.m. Eastern Time on October 20, 2010 and will be available until October 27, 2010. To access the conference call replay, please call [phone] and use the passcode: 23061517. The call is also being webcast and can be accessed at our website at www.completeproduction.com.

[R-BgO]

Complete Production Services, Inc. (NYSE:CPX) today reported fourth quarter revenue of $472.8 million, an increase of 13% over the third quarter of 2010, and fourth quarter Adjusted EBITDA (as defined below) of $120.7 million, an increase of 7% over the third quarter of 2010. Fourth quarter 2010 operating income was $74.4 million, up 9% versus the third quarter of 2010, and fourth quarter net income was $38.2 million, or $0.49 per diluted share, an increase of $5.2 million or $0.07 per diluted share, over the prior quarter.

Revenue for the Completion and Production Services segment during the fourth quarter of 2010 was $416.6 million, an increase of 15% over the prior quarter. Results for our pressure pumping, coil tubing and fluid handling businesses, as well as the seasonal improvements in Canada accounted for the majority of the increase in revenue. Adjusted EBITDA for the segment was $119.2 million in the fourth quarter of 2010, up 10% versus the third quarter of 2010. The segment continued to benefit from increasing activity levels in service intensive oil and liquid-rich plays into which we deployed approximately 43,000 hydraulic horse power (HHP) of pressure pumping equipment during the third quarter of 2010. Adjusted EBITDA margin of 28.6% was slightly lower than the prior quarter primarily due to start up related costs associated with new equipment deployments.

Drilling Services segment revenue was $48.7 million during the fourth quarter of 2010, versus $48.6 million during the third quarter of 2010. Fourth quarter Adjusted EBITDA of $12.0 million for the segment was $1.0 million lower than the third quarter of 2010, primarily due to non-recurring cost recoveries in the third quarter and higher contract drilling repair and maintenance costs.

For the full year 2010, revenue was $1.56 billion, an increase of 48% from full year 2009, and Adjusted EBITDA was $374.9 million, up $225.8 million over the prior year. Operating income was $193.1 million in 2010 and net income was $84.2 million or $1.08 per diluted share. Cash flow from operating activities totaled $216.8 million in 2010 and capital expenditures totaled $169.1 million, contributing to a build in cash to a total of $126.7 million at December 31, 2010.

"Our performance in 2010 was outstanding," commented Joe Winkler, Chairman and Chief Executive Officer. "Our dedicated workforce anticipated an improvement in activity levels and quickly responded to our customer's needs for additional services in new markets while staying focused on quality and safety at the well site."

"We continue to enhance our platform through capital investments, acquisitions and operational achievements, such as obtaining firm customer commitments for approximately 185,000 HHP of pressure pumping equipment that will be deployed throughout the course of 2011. Approximately seventy percent of our pressure pumping capacity will be committed under long-term take or pay contracts with an average duration of 2.3 years, providing additional certainty in our future cash-flow."

"We are optimistic about activity levels in 2011 and expect the positive trends related to the development of oil and liquid-rich basins and the increasing service intensity associated with longer laterals and more stages to continue, creating attractive prospects for growth. We are well positioned to capitalize on opportunities as a result of our positions in the market, our asset base, our quality personnel and our strong balance sheet," concluded Mr. Winkler.

Complete Production Services, Inc. is a leading oilfield service provider focused on the completion and production phases of oil and gas wells. The company has established a significant presence in unconventional oil and gas plays in North America that it believes have the highest potential for long-term growth.

Complete will hold a conference call to discuss fourth quarter 2010 results on Friday, February 4, 2011 at 10:00 a.m. Eastern Time. To participate in the live conference call, dial [phone] at least ten minutes prior to the scheduled start of the call. When prompted, provide the passcode: 68464296. The conference call will be available for replay beginning at 1:00 p.m. Eastern Time on February 4, 2011 and will be available until February 11, 2011. To access the conference call replay, please call [phone] and use the passcode: 21048942. The call is also being webcast and can be accessed at our website at www.completeproduction.com.

The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risk and uncertainties. These forward-looking statements include statements regarding future market conditions, the company's deployment of additional pressure pumping capacity, growth in oil and liquid-rich plays, increasing service intensity and the company's future success. Such statements are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry, the uncertainty of near-term and long-term activity levels, general economic conditions in the United States and globally, and other risks described in the company's most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q. The company undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this press release.

Management evaluates the performance of Complete's operating segments using non-GAAP financial measures, including Adjusted EBITDA. Adjusted EBITDA is calculated as net income from continuing operations before net interest expense, taxes, depreciation, amortization, impairment charges and non-controlling interest. Adjusted EBITDA is not a substitute for GAAP measures of earnings and cash flow. Adjusted EBITDA is used in this press release because our management considers this measure to be an important supplemental measure of performance and believes it is used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.

[R-BgO]

wieder einer weg:

Superior Energy Services, Inc. to Merge With Complete Production Services, Inc. in $6.2 Billion Combination

NEW ORLEANS and HOUSTON, Oct. 10, 2011 /PRNewswire/ -- Superior Energy Services, Inc. (NYSE: SPN) ("Superior") and Complete Production Services, Inc. (NYSE: CPX) ("Complete") today announced that their Boards of Directors have unanimously approved a definitive merger agreement combining the two companies into the premier diversified mid-cap oilfield services company.

Under terms of the agreement, Complete stockholders will receive 0.945 common shares of Superior and cash of $7.00 in exchange for each share of Complete common stock held at closing. This represents a premium of 29% to Complete''s average price over the last two months. Upon closing, and reflecting the issuance of new Superior shares, Superior and Complete stockholders are expected to own approximately 52% and 48%, respectively, of Superior''s outstanding shares.

"The combination of Superior and Complete creates a top-tier diversified oilfield services company with the products, technologies and talented people that are critical to helping our customers create value, particularly in unconventional fields in North America," said David Dunlap, Superior''s President and Chief Executive Officer. "Together we will have enhanced positions in large sectors for key products and services that are high in usage intensity and deemed critical by our customers during their drilling, completion and production processes. Some of these products and services include hydraulic fracturing and other pressure pumping services, coiled tubing, well servicing, snubbing and wireline, in addition to fluid handling and production testing.

"One of the important benefits of this transaction is the ability to gain access to these additional products and services while maintaining a diversified revenue base. For instance, at June 30, 2011 Complete had approximately 315,000 horsepower of pressure pumping capacity to provide hydraulic fracturing services in North America. As a result of our combined broad diversification, pressure pumping would have comprised just under 25% of proforma North American land revenue for the twelve months ended June 30, 2011, and approximately 10% of proforma total revenue for the twelve months ended June 30, 2011. Furthermore, our combined North American coiled tubing operations would have resulted in our combined coiled tubing product line representing about 15% of proforma North American land revenue for the twelve months ended June 30, 2011.

"We anticipate that the proposed merger will also assist us in more rapidly executing our stated strategy of international expansion as the enhanced earnings and cash flow capacity of the combined entity can provide incremental capital and other resources to deploy in international markets.

"We expect significant operational and customer benefits from the combination, with minimal consolidation cost savings. As soon as possible, we intend to establish integration teams to clearly define the importance of employee retention."

Joe Winkler, Chairman and Chief Executive Officer of Complete said, "This transaction provides Complete shareholders substantial value for their shares and gives them the opportunity to participate in the upside potential from both a larger position in the North American market area and exposure to growth in international markets. Together, we will possess the scale and offer the range of services necessary to compete successfully on the global stage. I believe our talented employees, with their industry-recognized reputation for technical expertise and operational excellence, will immediately add value to Superior''s operations. We look forward to working with Superior to realize all of the benefits of this combination, and its exciting portfolio of projects, for our shareholders, customers, employees and partners."

Superior expects the combination to be accretive to earnings per share and cash flow per share in 2012, excluding transaction and integration costs. Superior further expects the transaction will be balance sheet neutral as measured by key leverage ratios, yet ultimately is expected to result in an overall credit profile enhancement given the significant increase in scale and diversity provided by the combination.

Both Superior and Complete confirmed their prior guidance for 2011; however, Complete indicated that third quarter results will be below its prior guidance. Complete now expects third quarter 2011 EBITDA to be between $155 million and $160 million. Items impacting Complete''s third quarter, which are not expected to affect prior expectations for the fourth quarter of 2011, include delayed deliveries of fluid ends causing intermittent shut downs of several frac fleets, defective components on recently deployed coiled tubing units, flooding in Pennsylvania and northern Mexico, and repositioning of one of Complete''s pressure pumping fleets from the Barnett Shale to West Texas.

The combined company will retain the name Superior and will be led by David Dunlap, Superior''s current President and Chief Executive Officer. The Superior Board of Directors will be expanded to include two independent Complete Board members.

The merger is subject to the approval of both Superior''s and Complete''s stockholders as well as other customary approvals. The companies anticipate that the transaction will close as soon as the end of this calendar year. Superior and Complete intend to file a joint proxy statement / prospectus with the Securities and Exchange Commission as soon as possible.

Greenhill & Co. is acting as Superior''s transaction and financial advisor and rendered a fairness opinion to Superior''s Board of Directors. In addition, J.P.Morgan provided transaction advice, acted as financial advisor and provided a bridge financing commitment with respect to the cash portion of the transaction. Jones, Walker, Waechter, Poitevent, Carrere & Denegre L.L.P. is acting as Superior''s legal advisor. Credit Suisse Securities (USA) LLC is acting as Complete''s financial advisor and rendered a fairness opinion to Complete''s Board of Directors. Complete''s legal advisor is Latham & Watkins LLP.

Conference Call

Superior and Complete have scheduled a joint conference call today to discuss the merger. The call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on October 10, 2011.

The call can be accessed from the Investor Relations section of Superior''s website at www.superiorenergy.com, or by telephone at 480-629-9835. For those who cannot listen to the live call, a telephonic replay will be available through Monday, October 17, 2011 and may be accessed by calling 303-590-3030 and using the pass code 4480251. An archive of the webcast will be available after the call for a period of 60 days at www.superiorenergy.com.

About Complete Production Services, Inc.

Complete is a leading oilfield service provider focused on the completion and production phases of oil and gas wells. The company has established a significant presence in unconventional oil and gas plays in North America that it believes have the highest potential for long-term growth.

About Superior Energy Services, Inc.

Superior serves the drilling and production-related needs of oil and gas companies worldwide through its brand name rental tools and its integrated well intervention services and tools, supported by an engineering staff who plan and design solutions for customers. Offshore projects are delivered by the Company''s fleet of modern marine assets.

[R-BgO]

Antwort auf Beitrag Nr.: 42.197.162 von R-BgO am 11.10.11 14:57:23

over and out


Superior Energy Services, Inc. Completes Acquisition of Complete Production Services, Inc.
HOUSTON, February 7, 2011 —

Superior Energy Services, Inc. (NYSE: SPN) today announced that it has closed its previously announced acquisition of Complete Production Services, Inc. Under the terms of the agreement and plan of merger, each outstanding share of Complete common stock has been converted into the right to receive $7.00 in cash and 0.945 of a share of SPN common stock, with cash to be paid in lieu of fractional shares.

Superior issued approximately 74.8 million shares related to this transaction and paid approximately $554 million in cash. As of today, former stockholders of Complete hold approximately 48% of the combined company's outstanding common stock.

David Dunlap, President and Chief Executive Officer of Superior, said, "I want to personally welcome the Complete employees to our team. I am excited about the opportunity to work with an additional dedicated and focused workforce of approximately 7,400 strong, and I welcome the energy, efforts and ideas of all employees as we build upon our collective strengths and opportunities brought about by this combination."This transaction provides us more access to U.S. land markets sooner than we could have accomplished on a stand-alone basis, while providing important completion and intervention services that we did not offer our customers.

The combination will also assist us in accelerating our international expansion efforts as excess cash flows from North America can be deployed abroad to meet our growing international opportunity set."Joe Winkler, former Chairman and Chief Executive Officer of Complete, said, "We are very proud of the contributions our employees made to build Complete into a leading provider of completion services in North America and we would like to thank them for their efforts and dedication through the years. We are also excited about the potential of the combined company to better serve customers, provide additional avenues for growth and create further opportunities for our people to advance.

"Superior, which has corporate administrative offices and functions in New Orleans and Houston, will designate Houston as its corporate headquarters. Superior's New Orleans location will continue to house certain corporate and administrative functions.Redemption of Complete's 8% Senior NotesIn connection with the closing, Superior has satisfied and discharged all of Complete's 8% senior notes due 2016. In accordance with the indenture covering these notes, all of the notes will be redeemed on March 8, 2012.