RigNet Inc (NASDAQ:RNET)

39.61
Data as of Dec 19
 +0.38 / +0.97%
Today’s Change
34.44
Today|||52-Week Range
59.06
-17.36%
Year-to-Date
SECTOR
Communications
INDUSTRY
Specialty Telecommunications
MARKET CAP
$697.7M

Company Description

RigNet, Inc. provides managed remote communications, systems integration, and collaborative applications to the oil and gas industry, focusing on offshore and onshore drilling rigs, energy production facilities, and energy maritime. It also provides solutions ranging from fully-managed voice and data networks to more advanced applications. The company provides services through a controlled and managed Internet Protocol/Multiprotocol Label Switching global network delivers voice, data, video and other services under a multi-tenant revenue model. RigNet offers sole means of communications with their remote operations, including offshore and land-based drilling rigs, offshore production facilities, energy support vessels and support offices. It operates business through three reportable segments: Americas, Europe/Africa and Middle East/Asia Pacific. The Americas segment provides remote communications services for offshore and onshore drilling rigs and production facilities, as well as, energy support vessels and other remote sites in the United States of America, Mexico and Brazil, and within the Gulf of Mexico. The Europe/Africa segment provides remote communications services for offshore drilling rigs, production facilities, energy support vessels and other remote sites in the United Kingdom, Norway and West Africa. It also provides system integration services for both onshore and offshore customers in the oil and gas industry including drilling rigs and production facilities. The Middle East/Asia Pacific segment provides remote communications services for onshore and offshore drilling rigs, production facilities, energy support vessels and other remote sites in Qatar, Saudi Arabia and India, around the Pacific Ocean near Australia, and within the South China Sea. RigNet was founded by Omar Kulbrandstad in 2000 and is headquartered in Houston, TX.

Contact Information

RigNet, Inc.
1880 South Dairy Ashford
Houston Texas 77077-4760
P:(281) 674-0100
Investor Relations:
(281) 674-0699

Employees

Shareholders

Mutual fund holders46.94%
Individual stakeholders36.35%
Other institutional21.21%

Top Executives

Mark B. SlaughterPresident, Chief Executive Officer & Director
George V. HeadVice President-Global Operations
Martin L. JimmersonCFO, Senior VP & Head-Investor Relations
Morten Hagland HansenChief Technology Officer & SVP-Business Services
William D. SuttonSecretary, Senior VP & General Counsel

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