EX-99.2 3 land.htm LAND land.htm

EXHIBIT 99.2
 
ROWAN COMPANIES, INC.
LAND RIG FLEET AND CONTRACT STATUS
As of January 22, 2008
                                 
                                 
ONSHORE RIGS
         
Maximum
     
Contract Status
   
       
Horsepower
 
Drilling
         
Estimated
   
Name
 
Type
 
Drawworks
 
Mud Pumps
 
Depth (feet)
 
Location
 
Customer
 
Duration
 
Comments
                                 
Rig 9
 
Diesel electric
 
          2,000
 
            3,200
 
          20,000
 
Louisiana
 
Available
     
Rig became idle on December 18, 2007 and is currently undergoing top drive modifications.
Rig 12
 
SCR diesel electric
 
          1,500
 
            2,600
 
          18,000
 
Oklahoma
 
Newfield
 
February 2008
   
Rig 14
 
AC electric
 
          3,000
 
            3,200
 
          35,000
 
Texas
 
Newfield
 
March 2008
   
Rig 15
 
AC electric
 
          3,000
 
            3,200
 
          35,000
 
Texas
 
Winn
 
February 2008
   
Rig 18
 
SCR diesel electric
 
          2,000
 
            4,400
 
          25,000
 
Texas
 
Anadarko
 
November 2009
   
Rig 26
 
SCR diesel electric
 
          2,000
 
            4,800
 
          25,000
 
Texas
 
Sandridge
 
February 2008
   
Rig 29
 
Mechanical
 
          1,500
 
            2,600
 
          18,000
 
Oklahoma
 
Cheasapeake
 
January 2008
   
Rig 30
 
AC electric
 
          2,000
 
            2,600
 
          20,000
 
Texas
 
BBX
 
May 2008
   
Rig 31
 
SCR diesel electric
 
          3,000
 
            4,400
 
          35,000
 
Texas
 
Subsurface Tech
 
March 2008
   
Rig 33
 
SCR diesel electric
 
          1,500
 
            3,200
 
          18,000
 
Texas
 
Devon
 
June 2009
   
Rig 34
 
SCR diesel electric
 
          2,000
 
            4,400
 
          25,000
 
Texas
 
Marathon
 
March 2008
   
Rig 35
 
SCR diesel electric
 
          1,500
 
            4,400
 
          18,000
 
Texas
 
Available
     
Rig became idle on December 9, 2007.
Rig 41
 
SCR diesel electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
Petro-Hunt
 
March 2008
   
Rig 51
 
SCR diesel electric
 
          2,000
 
            4,400
 
          25,000
 
Texas
 
Noble
 
April 2008
   
                   
Texas
 
Newfield
 
September 2008
   
Rig 52
 
SCR diesel electric
 
          2,000
 
            4,400
 
          25,000
 
Texas
 
Newfield
 
April 2008
   
Rig 53
 
SCR diesel electric
 
          2,000
 
            4,400
 
          25,000
 
Oklahoma
 
Marathon
 
April 2008
   
Rig 54
 
SCR diesel electric
 
          2,000
 
            4,400
 
          25,000
 
Texas
 
Newfield
 
July 2008
   
Rig 59
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Oklahoma
 
Linn
 
June 2008
   
Rig 60
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
Anadarko
 
March 2008
   
Rig 61
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
Cheasapeake
 
April 2009
   
Rig 62
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
Anadarko
 
March 2008
   
Rig 63
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
Anadarko
 
April 2009
   
Rig 64
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
ExxonMobil
 
November 2008
   
Rig 65
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
Pioneer
 
November 2009
   
Rig 66
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Louisiana
 
PetroQuest
 
December 2009
   
Rig 67
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
ConocoPhillips
 
January 2010
   
Rig 68
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Alaska
 
Pioneer
 
March 2010
   
Rig 76
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Louisiana
 
Petro-Hunt
 
May 2008
   
Rig 77
 
AC electric
 
          2,000
 
            3,200
 
          25,000
 
Texas
 
Encana
 
December 2009
 
Rig commenced drilling operations on December 5, 2007.

Rigs 9 through 41 were constructed at various dates between 1960 and 1982, utilizing new as well as used equipment, and have since been substantially rebuilt.  Rigs 51, 52, 53 and 54 were constructed during 2001-02. Rigs 59 through 66 were completed during 2006, and Rigs 67 through 77 were completed in 2007.  All but Rigs 9, 29 and 35 are equipped with a top-drive drilling system. Day rates range from $18,000 to $27,500. Estimated contract durations reflect either stated drilling periods or expected time required for the contracted well or wells.
 
ROWAN HEREBY ADVISES THAT THE TABLE SET FORTH ABOVE MAY CONTAIN INACCURATE, INCOMPLETE AND/OR INCORRECT INFORMATION AND IS SUBJECT TO CHANGE AT ANY TIME.
THE INFORMATION SHOULD NOT BE RELIED UPON FOR ANY PURPOSE, AND ROWAN HEREBY DISCLAIMS ANY LIABILITY RELATING TO THE USE OF THE INFORMATION SET FORTH ABOVE.
                                             
This report contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to the expectations, beliefs and future expected financial
performance of the Company that are based on current expectations and are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected by the Company. Relevant
factors have been disclosed in the Company's filings with the U. S. Securities and Exchange Commission.