Simplifying the complicated workings of the offshore deep-water drilling services industry is a task unto itself. But, a high level understanding is beneficial, if not necessary, when viewing the potential of Hornbeck Offshore Services (HOS). Hornbeck provides marine transportation and services to the oil and gas industry.
Hornbeck operates in two segments - "upstream" and "downstream." Upstream services use "offshore supply vessels" (OSVs) and "multiple purpose support vessels" (MPSVs) in deep sea waters. Hornbeck's core upstream geographies include the Gulf of Mexico, Brazil and Mexico. Since 2010, it has also expanded into the Middle East, West Africa and Latin America. Downstream services use tank barges and tugs on domestic inland waterways and lakes and in coastal waters. Downstream...
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