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) January 18, 2011

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 January 18, 2011, Seahawk Drilling, Inc. (the “Company”) is posting on its website at www.seahawkdrilling.com a report entitled “Drilling Fleet Status Report as of January 18, 2011” (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 January 18, 2011

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: January 18, 2011	By:	/s/ 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 January 18, 2011

3

EX-99.1

Exhibit 99.1

FLEET STATUS REPORT AS OF JANUARY 18, 2011

Rig Name	Rig Type	Location	Status	Client	Dayrate ($US)		Estimated1 Days		Completion		Comments1
U.S. MARKETED (9)
SEAHAWK 3000	300’MC	US GOM	Contracted	Energy XXI	$	55,000		2		20-Jan-2011
			Contracted	Badger	$	55,000		40		1-Mar-2011
			Contracted	Arena	$	60,000		120		29-Jun-2011
SEAHAWK 2602	250’MC	US GOM	Contracted	Arena	$	40,000		20		7-Feb-2011
SEAHAWK 2601	250’MC	US GOM	Contracted	Chevron	$	45,550		17		4-Feb-2011	Dayrate includes cost adjustments for extra personnel requirements
SEAHAWK 2600	250’MC	US GOM	Contracted	Tarpon	$	40,000		17		4-Feb-2011
				LLOG	$	46,000		25		1-Mar-2011	Permit pending
SEAHAWK 2505	250’MS	US GOM	Available								Contingent requirement for rig sale to Essar Oilfield Services India Ltd. not met. Rig is currently being marketed for sale to other parties
SEAHAWK 2504	250’MS	US GOM	Available
SEAHAWK 2007	200’MC	US GOM	Contracted	Castex	$	34,000		24		11-Feb-2011
SEAHAWK 2004	200’MC	US GOM	Contracted	Walter Oil & Gas	$	35,000		60		19-Mar-2011
				Walter Oil & Gas				60		18-May-2011	Permit pending; rate to be mutually agreed
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.