Executive Summary Q3 2012 EPS of 0.14 per diluted share compared with 0.42 per diluted share in Q2 2012 o Pre-tax loss on sale, the Intrepid, totaling 12.9 million o Pre-tax impairment charge of 4.4 million taken to reduce the book…
Executive Summary Oil and Gas (continued) o Avg realized price for oil of 98.57 / Bbl (107.51 / Bbl in Q2 2012), inclusive of hedges o Avg realized price for gas of 5.69 / Mcfe (5.76 / Mcfe in Q2 2012), inclusive of hedges Gas price…
Operational Highlights 8
Contracting Services ( in millions, except percentages) Quarter Ended Well Enhancer in dry dock for 52 days 9/30/2012 9/30/2011 6/30/2012 in Q3 Revenues (A) 100% utilization for the Q4000 and Seawell well intervention vessels in…
Contracting Services Well Ops GOM Q4000 100% utilized during Q3 Intervention riser system 2 successfully deployed from the drill rig, Ocean Victory, for 55 days during the third quarter Full backlog thru 2014, with strong customer…
Contracting Services Robotics 98% chartered vessel utilization, 73% utilization for ROVs, trenchers, ROVDrills Chartered two spot vessels in addition to utilizing the Deep Cygnus and Island Pioneer on trenching projects in the…
Contracting Services Subsea Construction Express had 94% utilization in Q3 working in the North Sea before transiting back and working in the GOM Caesar had 91% utilization in Q3 working in Mexicos Bay of Campeche on…
Oil & Gas Financial Highlights ( in millions, except production and price data) Quarter Ended 9/30/2012 9/30/2011 6/30/2012 (A) Third quarter decommissioning overruns (ARO increases) of 3.9 million and 6.0 related to Revenue 119…
Oil & Gas Operating Costs ( in millions, except per Boe data) Quarter Ended 9/30/2012 9/30/2011 6/30/2012 Total / Boe Total / Boe Total / Boe DD&A (A) 39 26.30 50 25.50 40 23.54 Operating and Other: (B) Operating Expenses 34…
Summary of October 2012 Dec 2013 Hedging Positions * Total Volume Pricing Swap Average Collar Price Oil (Bbls) Collars Swaps Hedged Basis Pricing Floor Ceiling 2012 225,000 - 225,000 WTI - 96.67 118.57 2012 241,000 311,000 552,000…
Debt Maturity Profile Total funded debt of 1.2 billion at end of Q3 Maturity Profile 2012 consisting of: ( amounts in millions) o 358 million Convertible Senior Notes 3.25%(A) 500 469 (324 million net of unamortized debt…
2012 Outlook 20
2012 Outlook 2012 Outlook 2012 Outlook Broad Metrics 2011 Actual (revised) (original) Oil and Gas 6.6 MMboe 7.5 MMboe 8.7 MMboe Production EBITDAX 600 million 600 million 669 million CAPEX 545 million 445 million 229…
2012 Outlook Contracting Services o Significant backlog totaling 700 million at the end of Q3 (175 million expected to be completed in Q4 2012) o Full backlog for the Q4000, Well Enhancer and Seawell through 2013 Q4000 full backlog…
2012 Outlook Oil and Gas o Forecasted 2012 overall production of approximately 6.6 MMboe, including Danny II (Bushwood field) expected to commence production soon Nancy gas well (Bushwood field) now completed and expected to…
2012 Outlook - Capex Capital Expenditures o Contracting Services (370 million) Q5000 new build (approximately 130 million of capex in 2012) Approximately 65 million incurred thru Q3 Newly acquired Helix 534 continues conversion…
Non-GAAP Reconciliations 25
Non-GAAP Reconciliations ( in millions) Quarter Ended Nine Months Ended 9/30/2012 9/30/2011 6/30/2012 9/30/2012 9/30/2011 Net income applicable to common shareholders 15 46 45 125 113 Non-cash asset impairments 4 -- 15 19 12 Loss…
Loading...
