NorAm Drilling AS Stock Price
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NORAM Community Narratives

Super Spec Rig Demand Will Support Long Term Earnings And Dividend Stability

Permian Rig Dependence And High Payout Policy Will Pressure Future Earnings Stability
Permian Rig Dependence And High Payout Policy Will Pressure Future Earnings Stability
Catalysts About NorAm Drilling NorAm Drilling operates a fleet of 11 super spec land rigs focused on drilling high efficiency wells in the Permian Basin for major and smaller E&Ps. What are the underlying business or industry changes driving this perspective? Reliance on super spec rigs within a single basin, the Permian, leaves NorAm exposed if E&Ps continue to high grade and reduce overall rig activity, which could limit day rates and pressure revenue and adjusted EBITDA.Read more

Super Spec Rig Demand Will Support Long Term Earnings And Dividend Stability
Catalysts About NorAm Drilling NorAm Drilling operates a focused fleet of Super Spec land rigs in the Permian Basin, providing high efficiency drilling services to major E&P customers. What are the underlying business or industry changes driving this perspective?Read more

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Permian Rig Dependence And High Payout Policy Will Pressure Future Earnings Stability

Super Spec Rig Demand Will Support Long Term Earnings And Dividend Stability
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NorAm Drilling AS Key Details
- 0.30
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About NORAM
- Founded
- 2007
- Employees
- 308
- CEO
- Website
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NorAm Drilling AS, together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.