Horbeck to get into drilling?!?!?!

read this over at Rigzone. http://www.rigzone.com/news/article.asp?hpf=1&a_id=113627
Skipping to the very last paragraph and the good stuff you will see this.

To supply the coming boom, Harp said, Hornbeck is moving to build 73 floating rigs. Massive new drill ships that can operate in environments that take days to reach from shore are also being considered as Hornbeck and its competitors prepare for the demand they see coming.

This is the first I’ve heard of this, anybody else seen anything? Maybe it’s a miss quote…

This is a misquote-- the reference to 73 floating rigs is contained in a link to Hornbeck’s 10-Q financial report, which mentions the current state of the global drill rig orderbook-- they did order 16 new generation OSV’s for $700MM-- but I’m not seeing them building 73 anything anytime soon…

Ok that makes a hell of a lot more sense.

I did know about their new build program.

Ok that makes a hell of a lot more sense.

I did know about their new build program.