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Ultra-Deepwater Drilling Continues to Expand

By Travis Hoium – Apr 9, 2013 at 8:59PM

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A new discovery in the Gulf of Mexico reinforces bullishness for drilling rig owners.

A recent oil discovery in the Gulf of Mexico highlights the growing amount of oil found in ultra-deepwater. This is a huge advantage for companies who own the rigs doing the drilling because they're able to charge as much as $600,000 per day for their services. Erin Miller sat down with Motley Fool contributor Travis Hoium to talk about how drilling trends are changing and who could benefit from this increased activity in the ultra-deepwater. 

Erin Miller does not own shares in any company mentioned above. Motley Fool contributor Travis Hoium manages an account that owns shares of Seadrill. The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill and Transocean. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

SeaDrill Limited Stock Quote
SeaDrill Limited
SDRL
Transocean Stock Quote
Transocean
RIG
$4.07 (-4.24%) $0.18
Noble Stock Quote
Noble
NEBLQ

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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