Yesterday, Hercules Offshore announced that it has cold-stacked five jackups — the Hercules 120, Hercules 200, Hercules 214, Hercules 251 and Hercules 253. It has removed the rigs from its marketable assets into its non-marketable assets and the company does not reasonably expect to market these rigs in the foreseeable future.
Hercules Offshore expects to record a non-cash impairment charge of approximately $117 million during the fourth quarter of 2014 to write the rigs down to fair value based on a third-party estimate.
The information is contained in a report entitled “Hercules Offshore Fleet Status Report." The report includes the Hercules Offshore Rig Fleet Status (as of Jan. 22, 2015), which contains information for each of the company’s drilling rigs, including contract day rate and duration. The Fleet Status Report also includes the Hercules Offshore Liftboat Fleet Status Report, which contains information by liftboat class for December 2014, including revenue per day and operating days. The Fleet Status Report can be found under the Investor Relations portion of the Company's website.
