Oslo, Norway, September 12, 2023 Commercial update: In August 2023, the Company’s 11 drilling rigs achieved an average operating day rate of approximately USD 30,200 and rig utilization was 74.2%. […]
State of the art drilling rigs in the US Permian Basin
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Annualized dividend yield based on latest monthly distribution of USD 0.05 per share
About NorAm Drilling
NorAm Drilling is a leading drilling operator with a fleet of 11 Ultra Super Spec drilling rigs in the Permian basin with 15 years of operating history. The rigs are all fully upgraded with walking systems and high racking capacity and has a track record of drilling the longest wells in Permian.
Dividend history
| Period | Declared cash distribution per share |
| Dec 2022 | USD 0.10 / NOK 1.00 |
| Jan 2023 | USD 0.10 / NOK 1.00 |
| Feb 2023 | USD 0.10 / NOK 1.05 |
| Mar 2023 | USD 0.10 / NOK 1.10 |
| Apr 2023 | USD 0.11 / NOK 1.1414 |
| May 2023 | USD 0.11 / NOK 1.1745 |
| Jun 2023 | USD 0.11 / NOK 1.1870 |
| Jul 2023 | USD 0.09 / NOK 0.90 |
| Aug 2023 | USD 0.09 / NOK 0.936 |
| Sep 2023 | USD 0.05 / NOK 0.5375 |
LATEST NEWS
Oslo, Norway, August 23, 2023 Please find enclosed the presentation of the second quarter 2023 results to be held on a live presentation and Q&A on today at 09:00 AM […]
Oslo, Norway, August 22, 2023 NorAm Drilling AS (the “Company” or “NorAm”), today reported unaudited results for the three and six months ended June 30, 2023: HIGHLIGHTS Marty L. Jimmerson, […]
Oslo, Norway, August 18, 2023 NorAm Drilling AS plans to release its preliminary financial results for the second quarter of 2023 after market close on Tuesday, August 22, 2022. In […]