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NorAm Drilling says July rig utilization hits 99%

PUBT·08/10/2026 15:16:48
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NorAm Drilling says July rig utilization hits 99%
  • NorAm Drilling reported July 2026 utilization of 99%, with 11 of 11 rigs employed.
  • As of Aug. 10, 100% of available August rig days were contracted; backlog beyond August stood at about USD 25.6 million.
  • Monthly cash distribution set at about USD 2 million, equal to USD 0.045 per share, based on July free cash flow.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NorAm Drilling AS published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.