Last $56.45 USD
Change Today +0.70 / 1.25%
Volume 17.6K
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As of 11:34 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

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03/6/14 - $59.06
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rignet inc (RNET) Details

RigNet, Inc. provides network infrastructure services for the remote communications needs of the oil and gas industry. The company operates through three segments: Americas, Europe/Africa, and Middle East/Asia Pacific. It offers remote communications services through a controlled and managed Internet protocol/multiprotocol label switching (IP/MPLS) global network, enabling drilling contractors, oil companies, and oilfield service companies to communicate. The company offers a communications package of voice, data, video, networking, and real-time data management to offshore and land-based remote locations. It primarily provides voice-over-Internet-protocol, data, and high-speed Internet access, as well as other value-added services, such as video conferencing solutions, TurboNet wide area network acceleration solutions, real-time data management solutions, Wi-Fi hotspots and Internet kiosks, wireless intercoms, and handheld radios. The company also offers Secure Oil Information Link, a managed members-only communications network hub that enables collaborative partners, suppliers, and customers to transfer and share data. In addition, RigNet provides microwave and WiMAX networks in the U.S. Gulf of Mexico and the North Sea serving drillers, producers, and energy vessel owners; VSAT services; an M2M SCADA VSAT network services to the pipeline industry; telecommunications systems integration services; and a L-band MSS retail energy services. It serves the owners and operators of offshore drilling rigs and production facilities, land rigs, remote offices, and supply bases in approximately 45 countries, including the United States, Brazil, Norway, the United Kingdom, Nigeria, Qatar, Saudi Arabia, Singapore, and Australia. The company was founded in 2000 and is headquartered in Houston, Texas.

481 Employees
Last Reported Date: 03/7/14
Founded in 2000

rignet inc (RNET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $365.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $276.3K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $273.0K
Chief Technology Officer and Senior Vice Pres...
Total Annual Compensation: $182.6K
Group Vice President of Western Hemisphere
Total Annual Compensation: $221.0K
Compensation as of Fiscal Year 2013.

rignet inc (RNET) Key Developments

RigNet Announces Executive Appointments

RigNet, Inc. announced several key executive moves: Chris Lambert is now the Region Vice President, Gulf of Mexico; Brian Keefover is now the Region Vice President, North America Land; and Ricky Begnaud is now the Region Vice President, Middle East/North Africa/Central Asia. These moves are being made in response to high business activity, continued integration of Inmarsat's Enterprise Energy business unit and for management development purposes. Lambert most recently served as Region Vice President, Middle East/North Africa/Central Asia, based in Doha, Qatar. In his new role as Region Vice President, Gulf of Mexico, he will be based at the region headquarters office in Scott, Louisiana. The Gulf of Mexico region is RigNet's largest by revenue, with RigNet offering a differentiated package of access technologies to oil and gas customers that includes microwave, WiMAX, VSAT and L-band solutions. Lambert has held general management and operations positions of increasing responsibility over his almost ten years at RigNet. Prior to RigNet, he was a field engineer at Halliburton. Keefover most recently served as Region Vice President, United States, based in Houston, Texas, at the company's global headquarters. In his new role as Region Vice President, North America Land, also based in Houston, he will lead RigNet's managed remote communications business that serves onshore drilling, completion and production sites from 13 service centers strategically placed across North America. In addition, he will manage the M2M SCADA business, recently acquired from Inmarsat, that serves the midstream pipeline industry in the Continental US. Keefover has had a long and distinguished career in the remote communications industry, including over six years at RigNet in roles of increasing responsibility that have included leading global operations and overseeing RigNet's strategic expansion into serving offshore production facilities. Begnaud most recently served as Operations Manager, Western Hemisphere, based in Scott, Louisiana. In his new role as Region Vice President, Middle East/North Africa/Central Asia, he will be based at the company's region headquarters in Doha, Qatar. Begnaud has also had a long and distinguished career in remote communications, including 14 years at RigNet and a predecessor company. Earlier RigNet positions have included leading RigNet's US Land and Gulf of Mexico regions.

RigNet, Inc. Names Gerry Gutierrez as Group Vice President, Telecommunications Systems Integration

RigNet, Inc. announced that Gerry Gutierrez has been named to the new position of Group Vice President, Telecommunications Systems Integration (TSI). Based at RigNet's Houston headquarters, Gutierrez will lead the global TSI business, which includes the systems integration business that came with the acquisition of Nessco in July 2012, and the Engineering and Integrated Services business acquired from Inmarsat in January 2014. Most recently, he has served as Marketing Director, Global Major Projects at Honeywell.

RigNet, Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-11-2014 12:00 PM

RigNet, Inc. Presents at William Blair & Company's 34th Annual Growth Stock Conference, Jun-11-2014 12:00 PM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States. Speakers: Mark B. Slaughter, Chief Executive Officer, President and Director.


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Price/Earnings 66.7x
Price/Sales 4.0x
Price/Book 7.4x
Price/Cash Flow 26.0x
TEV/Sales 3.4x

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