SOURCE: Wall Street Equity Research

Wall Street Equity Research

January 21, 2011 08:30 ET

Analyst Study on Diamond Offshore Drilling Inc. and Helmerich & Payne Inc. - Drillers Face Increased Scrutiny

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 21, 2011) -  www.wallstreetequityresearch.com brings investors market knowledge on the aspects moving the oil & gas drilling & exploration stocks, and offers complete analytical research on companies like Diamond Offshore Drilling Inc. (NYSE: DO) and Helmerich & Payne Inc. (NYSE: HP). Register with www.wallstreetequityresearch.com today to gain full access to our complimentary research on these oil & gas drilling & exploration stocks.

Oil prices may be hovering at a two year high of close to $92 a barrel and natural gas demand is strong but there are plenty of obstacles impeding growth for the drilling industry. Increased government scrutiny, a byproduct of last year's Gulf spill, has been costly, especially to smaller drilling companies.

www.wallstreetequityresearch.com is a specialized website where investors can have specific access to complimentary reports on oil & gas drilling & exploration industry; traders looking for analysis on Diamond Offshore Drilling Inc., Helmerich & Payne Inc. and other players in the industry are welcomed to sign up for free at http://www.wallstreetequityresearch.com/.

In the US, regulatory concerns may be the highest. A permit to drill in the Gulf of Mexico has yet to be issued since the moratorium was lifted. Smaller, shallow water drillers which rely on shorter 30-60 day leases instead of the multi-year deals seen in deep water drilling have been hit the hardest. Helmerich & Payne Inc. has holdings in the Gulf but is performing steadily thanks in part to its land drilling operations comprising the majority of their business. Investors can access free research on Helmerich & Payne Inc. now by signing up at http://wallstreetequityresearch.com/January212011Helmerich&PayneInc.(HP)210111.php.

Deep-water drillers are faring better than their shallow counterparts. A subsidiary of Diamond Offshore Drilling ordered a deep-water rig at a cost of $590 million. Regulatory concerns are still high for deep-water drillers, however, thus far they appear better equipped to absorb the related costs and delays as evidenced by recent fleet expansions. Investors can register today at http://wallstreetequityresearch.com/January212011DiamondOffshoreDrillingInc.(DO)210111.php to download the full report on Diamond Offshore Drilling Inc.

Overall, regulatory pressure will continue to be an obstacle for drillers in 2011. Smaller, struggling drilling outfits may opt for mergers or acquisitions if losses continue. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting companies in the oil & gas drilling & exploration industry.

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