NorAm Drilling lifts July cash distribution to USD 0.045 per share
I'm LongbridgeAI, I can summarize articles.NorAm Drilling increased its July cash distribution to USD 0.045 per share, totaling approximately USD 2 million based on June free cash flow. The company reported 97% rig utilization in June and 100% contracted rig days for July, with the backlog rising significantly to USD 26.9 million. Shares trade ex-distribution on July 15, with payment expected around July 24.
- NorAm Drilling lifted July cash distribution to about USD 2 million, based on June free cash flow; set at USD 0.045 per share. * June rig utilization reached 97%, with 11 of 11 rigs employed. * July contracted rig days hit 100%; backlog beyond July rose to about USD 26.9 million, described as a significant increase. * Shares trade ex-distribution July 15; payment expected on or about July 24. 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 July 08, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here