8-K

UNITED STATES

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) November 8, 2010

Seahawk Drilling, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-34231	72-1269401
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5 Greenway Plaza, Suite 2700, Houston, Texas 77046

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (713) 369-7300

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure

On November 8, 2010, Seahawk Drilling, Inc. (the “Company”) is posting on its website at www.seahawkdrilling.com a report entitled “Drilling Fleet Status Report as of November 8, 2010” (the “Fleet Status Report”). A copy of the Fleet Status Report is attached hereto as Exhibit 99.1. The Company hereby incorporates by reference into this Item 7.01 the Fleet Status Report, which is furnished in accordance with Rule 101(e)(1) under Regulation FD and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), and will not be incorporated by reference into any registration statement filed under the Securities Act of 1933, as amended (“Securities Act”), unless specifically identified therein as being incorporated by reference. The Fleet Status Report provides summary information about the drilling rig status and contract information covering the Company’s fleet of offshore drilling rigs.

The information and statements made in the Fleet Status Report that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements include statements concerning estimated duration of client contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects and other out of service time. Such statements are subject to a number of risks, uncertainties and assumptions, including without limitation, early termination by the customer pursuant to the contract or otherwise, cancellation or completion of certain contracts earlier than expected, operational difficulties, shipyard and other delays and other factors described in the Company’s reports and other documents filed with the Securities and Exchange Commission (“SEC”), which are available free of charge at the SEC’s website at www.sec.gov or the Company’s website at www.seahawkdrilling.com. The Company cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Seahawk Drilling Fleet Status Report as of November 8, 2010

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SEAHAWK DRILLING, INC.
Date: November 8, 2010	By:	/s/ James R. Easter
		James R. Easter
		Senior Vice President and Chief Financial Officer

2

EXHIBIT INDEX

Exhibit Number	Description
99.1	Seahawk Drilling Fleet Status Report as of November 8, 2010

3

EX-99.1

Exhibit 99.1

FLEET STATUS REPORT AS OF NOVEMBER 8, 2010

Rig Name

Rig Type

Location

Status

Client

Dayrate ($US)

Estimated1 Days

Completion

Comments1

U.S. MARKETED (8)

SEAHAWK 2602

250’MC

US GOM

Contracted

Arena

$

40,000

70

24-Jan-2011

Arena contract anticipated to commence 15-Nov-10, pending permit approval. Rig substituted for Seahawk 2500. Prior contract with Energy XXI completed on 7-Oct-10

SEAHAWK 2601

250’MC

US GOM

Contracted

Chevron

$

45,550

6

14-Nov-2010

Contract commenced on 15-Oct-10. Prior contract with Hilcorp completed on 14-Oct-10

Finalizing Contract

Chevron

$

45,550

20

4-Dec-2010

Permitted. Dayrate may fluctuate based on contract personnel requirements

Finalizing Contract

Chevron

$

45,550

25

29-Dec-2010

Permitted. Dayrate may fluctuate based on contract personnel requirements

Finalizing Contract

Chevron

$

45,550

25

23-Jan-2011

Permitted. Dayrate may fluctuate based on contract personnel requirements

SEAHAWK 2600

250’MC

US GOM

Contracted

Tarpon

$

40,000

60

11-Jan-2011

Contract anticipated to commence 12-Nov-10, pending permit approval. Prior well with Tarpon completed on 22-Oct-10

SEAHAWK 2505

250’MS

US GOM

Available

Sale of rig for $14.55 million contingent upon third-party contract award

SEAHAWK 2504

250’MS

US GOM

Available

SEAHAWK 2007

200’MC

US GOM

Contracted

Castex

$

34,000

75

29-Jan-2011

Castex contract anticipated to commence 15-Nov-10, pending permit approval. Prior contract with Breton completed on 21-Oct-10

SEAHAWK 2004

200’MC

US GOM

Contracted

Walter Oil & Gas

$

32,000

21

29-Nov-2010

Contract commenced on 7-Nov-10. Prior contract with Bandon Oil & Gas completed on 6-Nov-10

SEAHAWK 2001

200’M

US GOM

Available

Contract with Petroquest completed on 22-Oct-10

U.S. COLD STACKED (12)

SEAHAWK 3000

300’MC

US GOM

Cold Stacked/Shipyard

1) Contracted/permitted with Energy XXI at $55,000/day for 14 days; deferred until December 2010 2) Contracted/permitted with Badger at $55,000/day for 40 days; deferred and will follow Energy XXI’s project 3) Contracted/permit pending with Arena at $60,000/day for 5 well program (estimate 150 days); will follow Badger’s project

SEAHAWK 2500

250’MS

US GOM

Cold Stacked

Seahawk 2602 substituted for Arena contract

SEAHAWK 2501

250’MS

US GOM

Cold Stacked

SEAHAWK 2502

250’MS

US GOM

Cold Stacked

SEAHAWK 2003

200’MC

US GOM

Cold Stacked

SEAHAWK 2006

200’MC

US GOM

Cold Stacked

SEAHAWK 2503

250’MS

US GOM

Cold Stacked

SEAHAWK 2005

200’MC

US GOM

Cold Stacked

SEAHAWK 2008

200’MC

US GOM

Cold Stacked

SEAHAWK 2002

200’MC

US GOM

Cold Stacked

SEAHAWK 2000

200’MC

US GOM

Cold Stacked

SEAHAWK 800

80’MC

US GOM

Cold Stacked

Changes from previous Fleet Status Report denoted in bold

¹ The number of days to complete the program are estimated for U.S. well-to-well contracts. The actual number of days contracted may vary from this estimate.