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) December 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 December 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 December 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 December 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: December 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 December 8, 2010

3

EX-99.1

Exhibit 99.1

FLEET STATUS REPORT AS OF DECEMBER 8, 2010

Rig Name	Rig Type	Location	Status	Client	Dayrate ($US)	Estimated1 Days	Completion	Comments1
U.S. MARKETED (9)
SEAHAWK 3000	300’MC	US GOM	Contracted/Finalizing Repairs	Energy XXI	$55,000	14		Permitted. Contract anticipated to start late December
			Contracted	Badger	$55,000	40		Permitted
			Contracted	Arena	$60,000	120		Permits pending for 5 well program
SEAHAWK 2602	250’MC	US GOM	Contracted	Arena	$40,000	65	11-Feb-2011	Contract commenced on 2-Dec-10. Prior contract with Energy XXI completed on 7-Oct-10
SEAHAWK 2601	250’MC	US GOM	Contracted	Chevron	$45,550	70	16-Feb-2011	Permitted. Dayrate may fluctuate based on contract personnel requirements
SEAHAWK 2600	250’MC	US GOM	Contracted	Tarpon	$40,000	43	20-Jan-2011	Contract commenced on 21-Nov-10. 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	21-Feb-2011	Contract commenced on 8-Dec-10. Prior contract with Breton completed on 21-Oct-10
SEAHAWK 2004	200’MC	US GOM	Contracted	Walter Oil & Gas	$32,000	43	20-Jan-2011	Contract commenced on 7-Nov-10. Prior contract with Brandon Oil & Gas completed on 6-Nov-10.
SEAHAWK 2001	200’MC	US GOM	Contracted	ENI	$32,000	30		Permit pending. Prior contract with Petroquest completed on 22-Oct-10
U.S. COLD STACKED (11)
SEAHAWK 2500	250’MS	US GOM	Cold Stacked
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.