(HEROQ) (HEROQ) Stock Price, News & Analysis

Hercules Offshore, Inc. provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry. The Company operates through Domestic Offshore, International Offshore and International Liftboats segments. The Domestic Offshore segment includes approximately 18 jackup rigs in the United States Gulf of Mexico that can drill in maximum water depths ranging from 120 to 350 feet. The International Offshore segment includes over nine jackup rigs outside of the United States Gulf of Mexico. The International Liftboats segment includes approximately 20 liftboats. It operates a fleet of approximately 30 jackup rigs, including a rig under construction and 19 liftboat vessels. Its jackup rigs are mobile, self-elevating drilling platforms equipped with legs that can be lowered to the ocean floor until a foundation is established to support the drilling platform. Its jackup rigs are used for exploration and development drilling in shallow waters.