BNET Industries

Todco

is in the Manufacturing Industry

Last Fiscal Year Sales:$37.5M

Private
US

Dow Jones Description

We are a leading provider of contract oil and natural gas drilling services, primarily in the United States (U.S.) Gulf of Mexico shallow water and inland marine region, an area that we refer to as the U.S. Gulf Coast. We provide these services primarily to independent oil and natural gas companies, but we also service major international and government-controlled oil and natural gas companies. Our customers in the U.S. Gulf Coast typically focus on drilling for natural gas. We provide contract oil and gas drilling and other support services and report the results of our operations in four business segments which, for our contract drilling services, correspond to the principal geographic regions in which we operate: U.S. Gulf of Mexico Segment We currently have 18 jackup and three submersible rigs in the shallow water U.S. Gulf of Mexico which begins at the outer limit of the transition zone and extends to water depths of about 350 feet. Our jackup rigs in this segment consist of independent leg cantilever type units, mat-supported cantilever type rigs and mat-supported slot type jackup rigs that can operate in water depths up to 250 feet. Our three submersible rigs are suitable to work in water depths up to 85 feet.

Number of Employees 100

Contact Information

1332 Fairground Rd E

Marion, Ohio 43302

www.todco.com

(740) 383-6376

Peer Companies

NAICS Code Wood Window and Door Manufacturing: 321911

Company News

News & Analysis

todco and transocean inc. - All News and Analysis

Transocean Inc. Announces Closing of TODCO Secondary Stock Offering

- 2005-05-18

HOUSTON -- Transocean Inc. (NYSE:RIG) today announced the closing of its secondary stock offering of 12,000,000 shares of Class A common stock of TODCO (NYSE:THE), a publicly traded company. The offering price was $20.50 per share, and Transocean received approximately $242.3 million of proceeds from the offering, net of underwriting...

Tags: Transocean Inc.
Transocean Inc. Announces Pricing of TODCO Secondary Stock Offering

- 2005-05-13

HOUSTON -- Transocean Inc. (NYSE:RIG) today announced the pricing of its secondary stock offering of 12,000,000 shares of Class A common stock of TODCO (NYSE:THE), a publicly traded company. The offering was priced today at $20.50 per share, and the transaction is expected to close on May 18, 2005, subject...

Tags: Transocean Inc.
Transocean Inc. Reports Fourth Quarter and Full-Year 2004 Results

- 2005-02-15

HOUSTON -- Transocean Inc. (NYSE:RIG) today reported a net loss for the three months ended December 31, 2004 of $73.4 million, or $0.23 per diluted share, on revenues of $676.9 million. The results compare to net income of $5.5 million, or $0.02 per diluted share, on revenues of $591.5 million,...

Tags: TODCO, Transocean Inc.
Transocean Inc. Announces Closing of TODCO Secondary Stock Offering

- 2004-12-22

HOUSTON -- Transocean Inc. (NYSE:RIG) today announced the closing of its secondary stock offering of 14,950,000 shares of Class A common stock of TODCO (NYSE:THE), a publicly traded company. The offering price was $18.00 per share. The closing included 1,950,000 shares relating to the underwriters' over-allotment option, which was exercised...

Tags: Transocean Inc.
TODCO Announces Closing of Secondary Stock Offering for Transocean

- 2004-12-22

HOUSTON -- TODCO (NYSE:THE) today announced the closing of a secondary public offering of 14,950,000 shares of TODCO's Class A common stock for a selling stockholder, Transocean Inc. (NYSE:RIG). The offering included 1,950,000 shares relating to the underwriters' over-allotment option, which was exercised in full. The offering price to the...

Tags: Transocean Inc.

TODCO Announces Pricing of Secondary Stock Offering For Transocean

- 2004-12-16

HOUSTON -- TODCO (NYSE:THE) today announced the pricing of a secondary stock offering of 13,000,000 shares of TODCO's Class A common stock for a selling stockholder, Transocean Inc. (NYSE:RIG). The shares were priced today at $18.00 per share, and the transaction is expected to close on Dec. 22, 2004, subject...

Tags: Transocean Inc.
Transocean Inc. Announces Pricing of TODCO Secondary Stock Offering

- 2004-12-16

HOUSTON -- Transocean Inc. (NYSE:RIG) today announced the pricing of its secondary stock offering of 13,000,000 shares of Class A common stock of TODCO (NYSE:THE), a publicly traded company. The offering was priced today at $18.00 per share, and the transaction is expected to close on December 22, 2004, subject...

Tags: Transocean Inc.
TODCO Commences Marketing of Secondary Stock Offering for Transocean

- 2004-12-13

HOUSTON -- TODCO (the "Company") (NYSE:THE) today announced it has commenced marketing efforts for a proposed secondary stock offering of 13,000,000 shares of Class A common stock owned by Transocean Inc. This represents approximately 22% of TODCO's outstanding shares. The representatives of the underwriters for the offering are Morgan...

Tags: Transocean Inc.
TODCO Files Registration Statement for Secondary Offering by Transocean

- 2004-11-22

HOUSTON -- TODCO (the "Company") (NYSE:THE) today announced the filing of a registration statement on Form S-1 for the sale of up to 14,950,000shares of TODCO common stock owned by Transocean Inc., including 1,950,000 shares to cover an underwriters' option to purchase additional shares in order to cover over-allotments, if...

Tags: Transocean Inc.
Transocean Inc. Announces Closing of TODCO Secondary Stock Offering

- 2004-09-21

HOUSTON -- Transocean Inc. (NYSE:RIG) today announced the closing of its secondary stock offering of 17,940,000 shares of Class A common stock of TODCO (NYSE:THE), a publicly traded company in which Transocean owns a majority voting interest. The offering price was $15.75 per share. The closing included 2,340,000 shares relating...

Tags: Transocean Inc.