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... one for Doug, on the private placement you just did, how much of that 200 million will be used for debt reduction? Doug Fears Well, right now what we're doing is paying down some of the revolving debt. I think we put a ...
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... are hopeful that we are going to be able and be successful to get the costs per day down. We did have a reduction in our labor costs. I think we talked about that in our last call. That was effective going back to our ...
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... our costs by approximately $600 a day. Given this reduction, we are hopeful that we can keep cost per rig ... so most of that money is committed. There is some reduction in that, some pure equipment that we were able to ...
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... Of course it hits the conventional rigs a little more than it does the Flex Rigs but we've had a slight reduction in the Flex Rigs in the spot market. Kevin Pollard – J.P. Morgan Can you give us some sense, 5%? And how ...
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... a result of training cost reduction, maintenance and supplies, and other ... disturbance, fewer environmental issues, noise reduction, friendly use in urban areas ... , yes. Part of our cost reduction is the factor of putting ...
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... of active rigs increased by 38% year-over-year, while that of our four largest peers combined experienced a net reduction of 14%. We passed the point where competitors can credibly position idle, old equipment as future ...
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