- Motley Fool•9 days ago
Ending its rig contract with Rowan Companies one year early will help save about $80 million between now and 2018.
- Zacks•9 days ago
Rowan Companies plc (RDC) has declared an amendment to its drilling contract for the Rowan Reliance rig with upstream energy player Cobalt International Energy L.P.
- PR Newswire•10 days ago
HOUSTON, Sept. 15, 2016 /PRNewswire/ -- Rowan Companies plc (RDC) today announced an amendment to its drilling contract with Cobalt International Energy, L.P., regarding the drillship Rowan Reliance, which was scheduled to conclude on February 1, 2018. The amendment provides that Rowan will receive cash payments totaling approximately $96 million, that the rig remains at its current day rate of approximately $582,000 and that the drilling contract may be terminated as early as March 31, 2017. In addition, if Cobalt continues its operations with the Rowan Reliance after March 31, 2017, the day rate will be reduced to approximately $262,000 per day for the remaining operating days. Cobalt also committed to use Rowan as its exclusive provider of global drilling services for a period of five years.
Rowan Companies plc (RDC)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||13.30 x 300|
|Ask||13.35 x 1000|
|Day's Range||13.27 - 14.16|
|52wk Range||10.67 - 21.83|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||7.46|
|Avg Vol (3m)||3,532,033|
|Dividend & Yield||0.00 (0.00%)|