Notes

Getting The Drilling Rigs - Market Results - Rigzone To Work


<h1 style="clear:both" id="content-section-0">Excitement About Drilling Rigs - Kruse Asset<br></h1>
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<p class="p__0">3 67. 0 67. 0 65. 7 Usage rate 96% 90% 90% 90% 90% Profits days 6,017 5,559 5,475 16,528 16,149 Average earnings daily $20,658 $19,161 $19,954 $20,183 $19,360 Typical operating costs daily 11,691 11,735 11,740 11,987 11,569 Drilling services margin each day (2) $8,967 $7,426 $8,214 $8,196 $7,791 Production Solutions Division: Revenues $49,948 $- $43,297 $106,602 $- Operating costs 25,025 - 21,916 53,871 - Production services margin (1) $24,923 $- $21,381 $52,731 $- EBITDA (3) $64,747 $33,411 $53,366 $154,318 $109,440 Reconciliation of combined Drilling services margin and Production services margin and EBITDA to net profits: Drilling services margin $53,955 $41,279 $44,973 $135,472 $125,820 Production services margin 24,923 - 21,381 52,731 - Combined margin 78,878 41,279 66,354 188,203 125,820 General and administrative (12,840) (5,252) (12,150) (32,712) (13,792) Bad financial obligation (expense) recovery 260 (2,627) 92 216 (2,627) Other earnings (expenditure) (1,551) 11 (930) (1,389) 39 EBITDA 64,747 33,411 53,366 154,318 109,440 Depreciation and amortization (24,225) (16,093) (20,580) (61,924) (46,927) Interest earnings (cost), internet (3,568) 717 (4,060) (8,617) 2,459 Earnings tax cost (12,760) (6,255) (9,609) (28,619) (22,886) Net profits $24,194 $11,780 $19,117 $55,158 $42,086 (1) Drilling services margin represents contract drilling profits less contract drilling operating expense.</p>
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<p class="p__1">Leader thinks that Drilling services margin and Production services margin work measures for assessing monetary performance, although they are not procedures of financial efficiency under GAAP. Nevertheless, Drilling Reference and Production services margin prevail procedures of running efficiency utilized by investors, financial experts, score firms and Pioneer's management.</p>
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<img width="471" src="https://www.world-rigs.com/panel/images/uploads/1418285111_National 110 UE 1500HP Drilling Rig for sale-10.jpg">
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://media.sandhills.com/img.axd?id=6050928017&amp;wid=4326195957&amp;rwl=False&amp;p=&amp;ext=&amp;w=350&amp;h=220&amp;t=&amp;lp=&amp;c=True&amp;wt=False&amp;sz=Max&amp;rt=0&amp;checksum=e7cF38B5JVYgQOcee402GyTiJ98oPQAJtgMX7mG0sCc%3D" alt="IR 1002 DRILLMEC 1000HP 440KLB WORKOVER RIG - Heavy Construction Equipment Drilling &amp; Mining - Online Auctions - Proxibid"><span style="display:none" itemprop="caption">Crown 750 1000 HP Drilling Rig - ReconAfrica</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="http://tfi-corp.com/images/rig/1000hp-truck-mounted-rig.jpg" alt="Used 2000hp rigs, Land Rig Brokers, 500hp Land Drilling Rigs, Workover Rigs for sale, Used Land Drilling Rigs, American Land Rigs, Used workover Rigs, Land Rigs Sellers"><span style="display:none" itemprop="caption">Drilling Equipment Series-KERUI Petroleum</span>
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<p class="p__2">Drilling services margin and production services margin as presented may not be comparable to other resemblance entitled steps reported by other companies. (2) Drilling services margin per earnings day represents the Drilling Solutions Department's average earnings per income day less average operating costs per revenue day. (3) We define EBITDA as revenues before interest income (expense), taxes, depreciation and amortization.</p>
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