Seahawk Drilling, Inc. (HAWK) is “One to Watch”
Seahawk Drilling, Inc. is focused on providing contract drilling services to the oil and natural gas exploration and production industry in the Gulf of Mexico. Operating the second largest fleet of jackups in the Gulf of Mexico, the company’s customers include independent oil and natural gas producers, drilling service providers and Petróleos Mexicanos (PEMEX), the state-owned petroleum company of Mexico. Competition ranges from large, international drilling companies to smaller companies who focus solely on the Gulf of Mexico shelf. Seahawk’s strategy as an independent company is to improve the profitability, efficiency and reputation of its core business: providing jackup drilling…