SOURCE: Wall Street Equity Research

Wall Street Equity Research

January 21, 2011 08:30 ET

Professional Research on Hercules Offshore Inc. and Noble Corp. - Oil & Gas Drilling & Exploration Industry Under Review

JOHANNESBURG, SOUTH AFRICA--(Marketwire - January 21, 2011) - allows shareholders to gain full understanding of the economic and market forces influencing the oil & gas drilling & exploration industry, and offers free research on industry players Hercules Offshore Inc. (NASDAQ: HERO) and Noble Corp. (NYSE: NE). Register today at to receive free research reports on these companies.

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. is a specialized website where investors can have complete access to free reports on oil & gas drilling & exploration industry; traders looking for analyst opinions on Hercules Offshore Inc., Noble Corp. and other players in the industry are welcomed to sign up for a free one year membership at

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. Hercules Offshore Inc. along with another Houston company, own 68% of shallow rigs in the Gulf but 60% of them are currently unused. Shareholders and investors can sign up today at to download the full report on Hercules Offshore Inc.

Deep-water drillers are faring better than their shallow counterparts. Noble Corp. recently ordered two ultra deep-water drill ships at a cost of $2.1 billion. 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. Shareholders and investors can sign up today at to download the full report on Noble Corp.

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 to understand the catalysts and forces driving or affecting oil & gas drilling & exploration stocks.

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