Some Known Factual Statements About Land Cantilever Rig 1000 HP, Capable Of Drilling To 18.000

Some Known Factual Statements About Land Cantilever Rig 1000 HP, Capable Of Drilling To 18.000

Some Ideas on Land Cantilever Rig 1000 HP, Capable Of Drilling To 18.000 You Should Know


3 67. 0 67. 0 65. 7 Utilization rate 96% 90% 90% 90% 90% Earnings days 6,017 5,559 5,475 16,528 16,149 Typical incomes per day $20,658 $19,161 $19,954 $20,183 $19,360 Average operating expense per day 11,691 11,735 11,740 11,987 11,569 Drilling services margin daily (2) $8,967 $7,426 $8,214 $8,196 $7,791 Production Providers Division: Incomes $49,948 $- $43,297 $106,602 $- Running 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 earnings: 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 debt (expense) healing 260 (2,627) 92 216 (2,627) Other income (expense) (1,551) 11 (930) (1,389) 39 EBITDA 64,747 33,411 53,366 154,318 109,440 Devaluation and amortization (24,225) (16,093) (20,580) (61,924) (46,927) Interest income (expenditure), web (3,568) 717 (4,060) (8,617) 2,459 Income tax expense (12,760) (6,255) (9,609) (28,619) (22,886) Net incomes $24,194 $11,780 $19,117 $55,158 $42,086 (1) Drilling services margin represents contract drilling earnings less contract drilling operating expense.



Pioneer thinks that Drilling services margin and Production services margin are useful procedures for assessing financial efficiency, although they are not steps of monetary performance under GAAP. Nevertheless, Drilling  You Can Try This Source  and Production services margin prevail measures of running efficiency used by financiers, monetary analysts, ranking firms and Pioneer's management.


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Drilling services margin and production services margin as provided may not be comparable to other resemblance entitled measures reported by other business. (2) Drilling services margin per revenue day represents the Drilling Solutions Department's typical earnings per income day less average operating expense per earnings day. (3) We define EBITDA as earnings prior to interest income (expenditure), taxes, devaluation and amortization.