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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 18, 1994
ENERGY SERVICE COMPANY, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-8097 76-0232579
(Commission File Number) (IRS Employer Identification No.)
2700 Fountain Place, 1445 Ross Avenue, Dallas, Texas 75202-2792
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (214) 922-1500
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ITEM 7. EXHIBITS
EXHIBIT
99.1 Press release dated May 11, 1994
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
ENERGY SERVICE COMPANY, INC.
[ /s/ H. E. Malone ]
H. E. Malone, Controller
and Chief Accounting Officer
Date: May 18, 1994
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EXHIBIT
99.1
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NEWS RELEASE
CONTACT: Richard LeBlanc
(214) 922-1550
Dallas, Texas, May 11, 1994...Carl F. Thorne, Chairman and Chief
Executive Officer of Energy Service Company, Inc. ("ENSCO" or the
"Company"), stated that ENSCO is comfortable with the consensus 1994
earnings projection by Wall Street analysts for the Company, which is in
the range of earnings per common share of 15 to 19 cents for the year
ending December 31, 1994. ENSCO reported earnings of five cents per common
share in the first quarter of 1994 on operating revenues of $65.4 million.
"We expect the contributions from two jackup rigs recently acquired in the
North Sea and four rigs under construction for contracts in Venezuela to
help offset the softening of day rates for jackup rigs in the Gulf of
Mexico. We expect strong utilization for our equipment to be a positive
factor for the remainder of the year. Currently 28 of ENSCO's 29 offshore
rigs are working. However, we caution that if market conditions in the
Gulf of Mexico were to continue to deteriorate for the remainder of 1994,
ENSCO's earnings in the second half of 1994 would be adversely affected."
ENSCO, headquartered in Dallas, Texas, is engaged in providing
contract drilling and related logistical and technical services to the
international petroleum industry. ENSCO's common stock and preferred stock
trade on the American Stock Exchange (ESV).
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