Hornbeck Offshore Services

Type: Public
On the web: http://www.hornbeckoffshore.com
Employees: 1,113
Employee growth: 1.9%

At the beck and call of oil companies, Hornbeck Offshore Services provides marine transportation of oil field equipment and supplies and petroleum products. The company operates offshore supply vessels (OSVs) that support offshore oil and gas drilling and production in the deepwater regions of the Gulf of Mexico. The company's fleet of about 45 OSVs transports cargo such as pipe and drilling mud, as well as rig crew members. Hornbeck also operates oceangoing tug and tank barge units that transport crude and refined petroleum products in the Northeastern US, Great Lakes, and Puerto Rico as well as Mexico, Trinidad, Brazil, and Qatar. Its fleet includes about 15 tugs and 20 barges.

Key numbers for fiscal year ending December, 2008:
Sales: $432.1M
One year growth: 27.5%
Net income: $117.1M
Income growth: 23.5%

Officers:
Chairman, President, and CEO: Todd M. Hornbeck
EVP and COO: Carl G. Annessa
EVP and CFO: James O. Harp Jr.

Competitors:
Crowley Maritime
SEACOR
Tidewater Inc.

Hornbeck Offshore Services (NYSE: HOS) is a publicly traded corporation headquartered in Covington, a suburb of New Orleans providing offshore drilling and support services in the Gulf of Mexico and other areas. Their offshore supply vessels and Anchor Handling Vessels are from the latest generation, and the corporation recently issued new shares for expansion. They suffered no damage from recent hurricanes. The company also includes a Tug & Barge Fleet operating in the Gulf of Mexico, Puerto Rico & the East Coast.

HOS has been dogged by controversy recently. Accusations of securities fraud were alleged in several lawsuits in which the company negotiated an unprecedented walk away in the suit by all parties. The company's computer system was also hacked in early 2007, leading up to a raucous shareholder's meeting.

External links

• http://www.hornbeckoffshore.com/

This article needs references that appear in reliable third-party publications. Primary sources or sources affiliated with the subject are generally not sufficient for a Wikipedia article. Please add more appropriate citations from reliable sources. (December 2006)

This article about a petroleum-related corporation or company is a stub. You can help Wikipedia by expanding it.

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)