The Rising Influence of Rising Affluence

[DewDiligence]

One company for whom the timing of the deepwater moratorium might not be bad is HES. The reason: HES would’ve had to cease drilling the Pony exploration well in the Green Canyon area a few days from now anyhow because the rig was contracted out to another operator for six months. If the moratorium is not extended beyond six months—and if prior contractual schedules for deepwater rigs are kept—HES could get the rig back right around the time the moratorium is lifted.