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Latshaw Drilling & Exploration
Business Summary
Latshaw Drilling & Exploration is a privately-held oil and natural gas drilling company. Latshaw also contracts with large oil and gas companies such as Chesapeake Energy and XTO Energy to build and operate drilling rigs. Founded in 1981, Latshaw Drilling & Exploration is headquartered in Tulsa, Oklahoma and operates drilling rigs in Texas, Oklahoma, New Mexico, and Louisiana.
Overview & Corporate Organization
Basic Information
| Year Founded: | 1981 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Tulsa |
| State/Province: | Oklahoma |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.latshawdrilling.com |
Corporate Organization
| Subsidiaries: | Latshaw Drilling Operations |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Energy & Utilities (Traditional) > Equipment And Services > Drilling & Extraction Equipment |
| Energy & Utilities (Traditional) > Equipment And Services > Drilling Services |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
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| Financial Notes: | |
| * | Latshaw Drilling & Exploration fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all Latshaw Drilling & Exploration financials to Excel and create your own graphs.)
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Latshaw Drilling & Exploration Revenues ($ MM): |
Latshaw Drilling & Exploration Total Employees: |
Latshaw Drilling & Exploration Productivity (Revenue/Employee) ($): |
Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Oct. 2012 | Completed | View | View | Acquisition | View |
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Bankruptcy & Restructuring
Detailed Business Description: Latshaw Drilling & Exploration
Business Model
Latshaw Drilling & Exploration operates 12 oil and gas drilling rigs. Each rig operates under a supplier contract with a large oil or gas company. Latshaw focuses on achieving 100% utilization of its rigs compared to the 63% industry average. Thus, Latshaw seeks to maximize the potential revenue of its rigs through long term contracts with large energy companies.
Latshaw Drilling & Exploration borrows substantial sums to finance the building and outfitting of its rigs. Thus, Latshaw’s debt level is considerable but similar to other drilling rig builders. Financing for rig building can also come from customers. For example, Latshaw Drilling & Exploration’s wholly owned subsidiary, Latshaw Drilling Operations, received financing from XTO Energy to build and operate two drilling rigs.
Revenue
Latshaw Drilling & Exploration generates revenue from long term contracts with oil and gas companies. These contracts guarantee payment to Latshaw… Continue Reading →
Supplemental Resources
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