DELAWARE
|
1-5491
|
75-0759420
|
(State or other jurisdiction
|
(Commission file Number)
|
(IRS Employer
|
of incorporation)
|
Identification No.)
|
2800 POST OAK BOULEVARD
|
|
SUITE 5450
|
|
HOUSTON, TEXAS
|
77056
|
(Address of principal executive offices)
|
(zip code)
|
Exhibit
|
||
Number
|
Exhibit Description
|
|
99.1
|
Offshore Rig Fleet and Contract Status at April 28, 2011
|
|
99.2
|
Land Rig Fleet and Contract Status at April 28, 2011
|
ROWAN COMPANIES, INC. | |||
|
By:
|
/s/ William H. Wells | |
William H. Wells | |||
Senior Vice President – CFO and Treasurer | |||
(Principal Financial Officer) |
Exhibit
|
||
Number
|
Exhibit Description
|
|
99.1
|
Offshore Rig Fleet and Contract Status at April 28, 2011
|
|
99.2
|
Land Rig Fleet and Contract Status at April 28, 2011
|
ROWAN COMPANIES, INC.
OFFSHORE RIG FLEET AND CONTRACT STATUS
As of April 28, 2011
|
|
|
OFFSHORE RIGS
|
Contract Status
|
|||||||||||||||||
Depth (feet)
|
Year in
|
Day Rate
|
Estimated
|
|||||||||||||||
Name
|
|
Class
|
Water
|
Drilling
|
Service
|
Location
|
Customer
|
(in thousands)
|
Duration
|
Comments ($ in thousands)
|
||||||||
Cantilever Jack-up Rigs:
|
||||||||||||||||||
Rowan EXL IV
|
S116-E
|
350
|
35,000
|
2012
|
Available
|
Rig is under construction with delivery expected in November 2011.
|
||||||||||||
Joe Douglas
|
240-C
|
375
|
35,000
|
2011
|
Middle East
|
Saudi Aramco
|
Low 220s
|
December 2014
|
Rig is under construction with delivery expected in September 2011. Rig is expected to depart GOM in Q4 2011 and commence operations on three-year contract in Q4 2011. Day rate may be subject to penalty of up to one half of the day rate for every day the rig is late beyond June 15, 2011. The contract includes a priced option for one additional year in the mid 190s.
|
|||||||||
Rowan Norway
|
*
|
N-Class
|
400
|
35,000
|
2011
|
UK North Sea
|
Xcite Energy
|
Low 250s
|
June 2012
|
Rig is under construction with delivery expected in June 2011. Contract executed for combined drilling and production operations with an initial term of 240 days followed by a one year priced option in the low $250s. Production fee of $1 per barrel of oil produced is also payable during the initial term. Customer is required to provide security for the initial term totaling $60 million by the date of shipyard delivery of the rig. The first installments of $15 million was received on February 17, 2011 and the second $15 million installment was received on February 25, 2011. The final installment of $30 million is due upon delivery of the rig from the shipyard. Rig is expected to commence operations in November 2011.
|
||||||||
Rowan EXL III
|
S116-E
|
350
|
35,000
|
2011
|
Gulf of Mexico
|
McMoRan
|
Low 140s
|
May 2012
|
||||||||||
Rowan Stavanger
|
*
|
N-Class
|
400
|
35,000
|
2011
|
North Sea
|
Talisman Norway
|
Low 300s
|
November 2011
|
Rig completed construction in January 2011 and arrived in Stavanger, Norway in March 2011. Rig received an LOI for approximately 120 to 150 days for accommodation work in the Norwegian Sector of the North Sea. Commencement date is expected to occur in June 2011 upon receipt of Norwegian regulatory approval. Rig received a second LOI to drill three wells in the Norwegian sector of the North Sea at a day rate in the 310s and one well in the UK sector at a day rate in the low 240s. The combined duration for all four wells is expected to be 306 days commencing December 2011.
|
||||||||
Rowan Viking
|
*
|
N-Class
|
400
|
35,000
|
2011
|
UK North Sea
|
Total UK
|
Low 220s
|
November 2012
|
Rig received an LOI from Total UK for approximately nineteen months estimated to commence in mid May 2011 at day rate in the low 220s. Rig is in the shipyard undergoing modifications for Total UK.
|
||||||||
Rowan EXL II
|
S116-E
|
350
|
35,000
|
2011
|
Trinidad
|
BP Trinidad
|
Mid 130s
|
February 2014
|
||||||||||
Rowan EXL I
|
S116-E
|
350
|
35,000
|
2010
|
Gulf of Mexico
|
McMoRan
|
Low 140s
|
July 2011
|
Rig was idle for two days during the month of March 2011.
|
|||||||||
Ralph Coffman
|
240-C
|
375
|
35,000
|
2009
|
Gulf of Mexico
|
McMoRan
|
Low 180s
|
December 2011
|
||||||||||
J.P. Bussell
|
225-C
|
300
|
35,000
|
2008
|
Egypt
|
Available
|
Rig was idle during the month of March 2011.
|
|||||||||||
Rowan-Mississippi
|
240-C
|
375
|
35,000
|
2008
|
Gulf of Mexico
|
McMoRan
|
Low 180s
|
June 2011
|
Received a verbal commitment from McMoRan for one additional ultra deep gas well in the Gulf of Mexico (approximately one year) at a day rate in the low 180's commencing July 2011.
|
|||||||||
Hank Boswell
|
225-C
|
300
|
35,000
|
2006
|
Middle East
|
Saudi Aramco
|
Low 190s
|
May 2011
|
||||||||||
Bob Keller
|
225-C
|
300
|
35,000
|
2005
|
Middle East
|
Saudi Aramco
|
Low 180s
|
May 2011
|
||||||||||
Scooter Yeargain
|
225-C
|
300
|
35,000
|
2004
|
Middle East
|
Saudi Aramco
|
Low 190s
|
September 2011
|
||||||||||
Bob Palmer
|
224-C
|
550
|
35,000
|
2003
|
Middle East
|
Saudi Aramco
|
Mid 270s
|
June 2014
|
Rig is in the shipyard in the Middle East undergoing modifications/upgrades for Saudi Aramco before commencing operations on three-year contract in June 2011. The contract includes a priced option for one additional year in the mid 290s.
|
|||||||||
Rowan Gorilla VII
|
219-C
|
400
|
35,000
|
2002
|
UK North Sea
|
Apache
|
Low 180s
|
May 2012
|
The contract includes two (2) six-month options at mutually agreed rates with a cap of 120% of the current day rate.
|
|||||||||
Rowan Gorilla VI
|
219-C
|
400
|
35,000
|
2000
|
UK North Sea
|
BG
|
Low 200s
|
December 2011
|
||||||||||
Rowan Gorilla V
|
219-C
|
400
|
35,000
|
1998
|
UK North Sea
|
Total
|
Low 180s
|
February 2012
|
||||||||||
Mid 200s
|
February 2013
|
|||||||||||||||||
Rowan Gorilla IV
|
200-C
|
450
|
35,000
|
1986
|
Mexico
|
PEMEX
|
Low 100s
|
July 2011
|
The day rate reprices every three months based on an index of jack-up rates. The day rate reflects Rig's repricing at the end of April 2011.
|
|||||||||
Rowan Gorilla III
|
200-C
|
450
|
30,000
|
1984
|
Gulf of Mexico
|
Energy XXI
|
Low 110s
|
June 2011
|
Rig was idle for 13 days during the month of March 2011.
|
|||||||||
Trinidad
|
Niko Resources /
|
Low 120s
|
August 2012
|
Rig is expected to commence operations in Q3 2011.
|
||||||||||||||
Bayfield Energy
|
||||||||||||||||||
Rowan Gorilla II
|
200-C
|
350
|
30,000
|
1984
|
Gulf of Mexico
|
ADTI
|
Mid 80s
|
May 2011
|
Rig was idle for 13 days during the month of March 2011.
|
|||||||||
Helix
|
Mid 80s
|
May 2011
|
||||||||||||||||
Rowan-California
|
116-C
|
300
|
30,000
|
1983
|
Middle East
|
Wintershall
|
Mid 70s
|
May 2011
|
The contract includes a priced option for one additional well at the same rate.
|
|||||||||
Cecil Provine
|
116-C
|
300
|
30,000
|
1982
|
Gulf of Mexico
|
Apache
|
Mid 60s
|
June 2011
|
||||||||||
Gilbert Rowe
|
116-C
|
350
|
30,000
|
1981
|
Middle East
|
Maersk
|
Mid 70s
|
May 2011
|
Rig is expected to enter the shipyard in May 2011 for inspections and general maintenance for approximately 9-12 months.
|
|||||||||
Arch Rowan
|
116-C
|
350
|
30,000
|
1981
|
Middle East
|
Available
|
Rig is in the shipyard for general maintenance and upgrades and was in the shipyard during the month of March 2011.
|
|||||||||||
Charles Rowan
|
116-C
|
350
|
30,000
|
1981
|
Middle East
|
Available
|
Rig is in the shipyard for general maintenance and upgrades and was in the shipyard during the month of March 2011.
|
|||||||||||
Rowan-Paris
|
116-C
|
350
|
30,000
|
1980
|
Middle East
|
Maersk
|
Mid 70s
|
September 2011
|
Rig is expected to enter the shipyard in September 2011 for inspections and general maintenance for approximately 9-12 months.
|
|||||||||
Rowan-Middletown
|
116-C
|
350
|
30,000
|
1980
|
Middle East
|
Available
|
Rig is in the shipyard for general maintenance and upgrades and was in the shipyard during the month of March 2011.
|
|||||||||||
Conventional Jack-up Rigs:
|
||||||||||||||||||
Rowan-Juneau
|
116
|
250
|
30,000
|
1977
|
Gulf of Mexico
|
Available
|
Rig was idle during the month of March 2011.
|
|||||||||||
Rowan-Alaska
|
84
|
350
|
30,000
|
1975
|
Gulf of Mexico
|
Available
|
Rig was idle during the month of March 2011.
|
|||||||||||
Rowan-Louisiana
|
84
|
350
|
30,000
|
1975
|
Gulf of Mexico
|
McMoRan
|
Mid 50s
|
July 2011
|
Contract includes priced options for two wells. The first well is estimated for 150 days at a day rate in the low 70s and the second well is estimated for 150 days at a day rate in the low 80s.
|
|||||||||
"*" Denotes Keppel unit design currently under construction at Keppel FELS shipyard in Singapore. Rig Class denotes LeTourneau, Inc. hull number. 200-C is a Gorilla class unit designed for extreme hostile environment capability. 219-C is a Super Gorilla class unit, an enhanced version of the Gorilla class, and 224-C is a Super Gorilla XL design. 225-C is a Tarzan Class unit. 240-C is LeTourneau's latest jack-up design. Estimated contract durations reflect either stated drilling periods or expected time required for the contracted well or wells. Rowan EXL is an enhanced version of the Super 116E class. Unless otherwise indicated, all day rates include estimated amortization of contract mobilization/modification revenues.
|
||||||||||||||||||
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.
|
||||||||||||||||||
Revisions to Fleet Status Report Noted in Bold
|
#A"24T$&0``````!````!XX0DE-`_,```````D````` M``````$`.$))300*```````!```X0DE-)Q````````H``0`````````".$)) M30/T```````2`#4````!`"T````&```````!.$))30/W```````<``#_____ M________________________`^@``#A"24T$`````````@`!.$))300"```` M```$`````#A"24T$"```````$`````$```)````"0``````X0DE-!!X````` M``0`````.$))300:``````,]````!@``````````````/0```#P````$`&X` M>0!S`&4````!``````````````````````````$``````````````#P````] M``````````````````````$`````````````````````````$`````$````` M``!N=6QL`````@````9B;W5N9'-/8FIC`````0```````%)C=#$````$```` M`%1O<"!L;VYG``````````!,969T;&]N9P``````````0G1O;6QO;F<````] M`````%)G:'1L;VYG````/`````9S;&EC97-6;$QS`````4]B:F,````!```` M```%7!E96YU;0````I%4VQI8V54>7!E`````$EM9R`````& M8F]U;F1S3V)J8P````$```````!28W0Q````!`````!4;W`@;&]N9P`````` M````3&5F=&QO;F<``````````$)T;VUL;VYG````/0````!29VAT;&]N9P`` M`#P````#=7)L5$585`````$```````!N=6QL5$585`````$```````!- '1415A4`````0``````"6AO D%L:6=N````!V1E9F%U;'0````)=F5R=$%L:6=N M96YU;0````]%4VQI8V5697)T06QI9VX````'9&5F875L=`````MB9T-O;&]R M5'EP965N=6T````115-L:6-E0D=#;VQO 7U5F9VAI:FML;6YO8W1U=G=X>7I[?'U^?W$0`"`@$" M!`0#!`4&!P<&!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q0B/!4M'P,R1BX7*" MDD-3%6-S-/$E!A:BLH,')C7"TD235*,79$55-G1EXO*SA,/3=>/S1I2DA;25 MQ-3D]*6UQ=7E]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_V@`,`P$``A$#$0`_ M`/1>E86(SI]+&T5AK`6M`:(`!(:WA6_LN+_H6?YH_N0NF?T&O^U_U3E:24B^ MRXO^A9_FC^Y+[+B_Z%G^:/[EY2[ZW_6)F%F=2'UAI;DXV5953TBRFMS[6-?M M9MV#U?>W^1_UQ;;NH_6_J_UJR^F].ZB.EC'PZ,H8]E++&A]C*C92_ /U_)ZA^R[+(W5L< MR'6Y3&._DN^@N@Z)B_6WI_5K,7J64.J]+LIWUYKFLJLKN!AU#JJSN>QS4E.[ M]EQ?]"S_`#1_ I^C_PKV^A^C6H M.D=/'7.GX8+[^G]4>UN+E59#O W]' JV9G5Z6=+Z>RD5U8 M`>RYS[29=D/N8/8UOT6L7DN!B],S,3,R7!]'V5^/6!9D.#2;# *[1)3_]'TOIG]!K_M?]4Y<9];NB]/SOK9C6#KS>E= M4LH911CBO<]P >E7=3^MN2,8EN9A=) M;F8A;SZE-V_3^LS>DI!F?4S'Q#EXV5]:C5]F95=EU_9_H-:=N):_99[?3>_] M'M^@IY/U&JQL>CZP7_6GTZ6!K\;,]$`#U#O8ZG9;]*Q]F_VL^FK7U1SL;ZT? M6/J-^0T6,SNDT5Y=?;?_`#60S_/^BJ?U=Z=U'+Z]7]3\]XMZ7]6KWY1GFT2/ ML-=G\AGJ^IM24UK_`*M=(Z+>_$N^M[,2ZYS;;:?1$[Q[ZGW-]1WIO9NW,]3Z M"GU+ZL8'3FU8O4/KAZ#;:C92QU1UJN+G/B=1M-V4YX!NJ#G&6G?N]C=__`!3_`/@4W5LN[,^NO2 '3G"_I M(LQ\;((K9Z;G6'71[6.K;^8DIZ7_`!?8'3L#H'H=.SV]3QS?8\9#&[!)V[J] MLN^AM72JAT49HZ>S[=B58.22XOQ\=P=6-3M+7M#?IL5])3__TO2^F?T&O^U_ MU3E7_86-_P`X#U_U'_:3C?9/3TV;-WJ[_H[]^[^6B=.=D?8Z]K&$>Z"7D'Z3 MO^# IX3[-V=.ZEQ;Z;`7^M%6UK7?2_ ME(^!]6L/!Z]G==KML=D=1:UMM;MNQH;M_FX;O_,_>6GNRO\`1L_SS_Z22W97 M^C9_GG_TDDIYSJ'U#IZC;<,CJW43@Y-AMNP/6'I'<[U/3;[-S*MWYBGU+ZC8 M69FXN9BYF5TVS"QFXE'V1X9%32Z&[G,>_P#._>70;LK_`$;/\\_^DDMV5_HV M?YY_]))*:'1^B6=,^GU'+SS#A.58'_2(=^ZWZ.WVK40MV5_HV?YY_P#226[) M_P!&S_//_I))3__9.$))300A``````!3`````0$````/`$$`9`!O`&(`90`@ M`%``:`!O`'0`;P!S`&@`;P!P````$@!!`&0`;P!B`&4`(`!0`&@`;P!T`&\` M G)E4WI.5&-Z:V,Y9"<_/@H\>#IX;7!M971A M('AM;&YS.G@])V%D;V)E.FYS.FUE=&$O)R!X.GAM<'1K/2=835`@=&]O;&MI M="`S+C`M,C@L(&9R86UE=V]R:R`Q+C8G/@H\
"UN &EF/2=H='1P.B\O M;G,N861O8F4N8V]M+V5X:68O,2XP+R<^"B`@/&5X:68Z0V]L;W)3<&%C93XT M,CDT.38W,CDU/"]E>&EF.D-O;&]R4W!A8V4^"B`@/&5X:68Z4&EX96Q81&EM M96YS:6]N/C8P/"]E>&EF.E!I>&5L6$1I;65N &UL;G,Z<&AO=&]S:&]P/2=H='1P.B\O;G,N861O8F4N8V]M+W!H;W1O 3X*(#PO &%P M+S$N,"\G/@H@(#QX87`Z0W)E871E1&%T93XR,#$Q+3`T+3(U5#$Y.C$Y.C$V M+3`U.C`P/"]X87`Z0W)E871E1&%T93X*("`\>&%P.DUO9&EF>41A=&4^,C`Q M,2TP-"TR-50Q.3HQ.3HQ-BTP-3HP,#PO>&%P.DUO9&EF>41A=&4^"B`@/'AA M<#I-971A9&%T841A=&4^,C`Q,2TP-"TR-50Q.3HQ.3HQ-BTP-3HP,#PO>&%P M.DUE=&%D871A1&%T93X*("`\>&%P.D-R96%T;W)4;V]L/D%D;V)E(%!H;W1O M &UL;G,Z M>&%P34T])VAT='`Z+R]N &%P+S$N,"]M;2\G/@H@(#QX M87!-33I$;V-U;65N=$E$/F%D;V)E.F1O8VED.G!H;W1O &UL;G,Z9&,])VAT='`Z+R]P=7)L+F]R9R]D8R]E;&5M96YT M &UP;65T83X* M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M"CP_>'!A8VME="!E;F0])W 'EZ>WQ]?G]SA(6&AXB)BHN,C8Z/@I.4E9:7F) MF:FYR=GI^2HZ2EIJ>HJ:JKK*VNKZ_]H`"`$!```_`/2VF:9IITVT)M(23#'4 MF-?Y![8*_1>F?\L<'_(M/Z9OT7IG_+'!_P`BT_IF_1>F?\L<'_(M/Z9OT7IG M_+'!_P`BT_IF_1>F?\L<'_(M/Z9OT7IG_+'!_P`BT_IA9^C=._Q)Q^JP\?J5 M>/IK2OJ_+/_0]0:7_P` 8;F>UT#4[JW;A/!:3RQ/0&CI&S*: M';8C/+V@?G!^8T&E>6-<'GBU\PZEJMW#;WGDL6D'UH))*4;XX1S5N(Y`\8_M M+]K)5;:_^=6O>9?S"F\O^:(;:W\HW\L=IH]U9PRQ3Q+ZCB+U0%D3X8^(/Q?Z MZX-/YP>:O/=EY&T;RE<1Z!J_FJ*ZN=6OS&MQ]4BL2T <+I-9TVV:)]#\P!8899T=:R1RPQGX6C:GQ9/)-CY)U;R6L6MZWY3CN;:_L9G6V6]AOBSS&-V/&-HW M=O3Y?L_ZOQ3S\NW_`#+O+[6-8\Z)'I=K=O&FC^7(WBG-K'&M'DDGC%7>4_L\ MOA_E7)R"#TPL_P"FG_Z,O^9N?__2]0:7_P` ._P`VK"TOOS>_ M,5KQIC^C--%_:+',T0$T45J@Y`5Y)24U7X YB>%^/)XKAT#?'^\C3E']KXL")I?E^[\F3Z_;B>VG>^N[2UM)KZ5 MG*Q6<4T:Q`(1-*)9#R#E.<7^7@Q_*FASW":;#)=VUS)Y73S"M\;II(UG6U-S M)%)&5_N9./I1LKJZ.R?WF>K/^&9_R:\K,Q+,;5JEC4_P!])W.3#_II_P#H MR_YFY__3]0:7_P` ??-OY;:%YA_-[7(=+_,--)\R:NBQW>A1V MHDD]*.WC9HV9G59%9$64K3_B.1W4ORLT?3ENGO\`\VS`FCZD$NW>R/&WU&:. MGQ$24622).'\C(OIX/U3_G'Q/+]]:7]_^9;65[K''2[&7ZD"\XE3TUMHE65O MW;1_!P1>'#X<)$_+KR=HMZOE6+\XX+2XCG<+8QVJE4N)1Z3_`!B4JDK+^[;X M^?[&7YK_`"S\JZ5=R^7O,GYOK;7%K%#;S6$UH5XPHH>")@DOQ1HI5HT/PKGH MK\I-+TO2ORXT+3]*U)=8TZ"`BVU-$,:S*9&;D$);CUIUP[_Z:?\`Z,O^9N?_ MU/4&E_\`',L_^,$?_$!GE3\Q--U2W_,G\P//&BDC6?)=]I%]&!N&MI;;A<*P M[K0*6_XKYY+?RWTG0?S+MOS8M20^FZ_?P36LU*F-WM_4B9K>7S7(KV_Y:P-I-C&K5+W[EHVN'K7E)%#&$1_]1_M ->#?M?W4W[KB3S0__.0?G63R MSH%AYBE>QT]I8=1E6%(XV@B*NA97JS9Z`\OK>KH=B+ZSAT^]]%# C^3+C7I]/NKBX;S!>-?70G*$([%B5CX*OP M_'^URR+S?\X\Z1?36\.N>:-?US1+643PZ+?W@DM^:GX>9"*[*/\`6P9KWY'V M>I^;]1\TV/F76="U#4TABN5TR>.!"D$:QHO]V6X_!RW;[62[RGY7F\OVAMY= M9U#66*(AGU*43/\``6^*H5?B;E\7^JN"O^FG_P"C+_F;G__6]+:9)J7Z-M*0 M0D>C'0F9A^P/^*L%>IJ?_+/!_P`CG_ZI9O4U/_EG@_Y'/_U2S>IJ?_+/!_R. M?_JEF]34_P#EG@_Y'/\`]4LWJ:G_`,L\'_(Y_P#JEF]34_\`EG@_Y'/_`-4L 5+/4U'_$G]Q#R^I=/5:E/5\?3S__9 ` end
ROWAN COMPANIES, INC.
LAND RIG FLEET AND CONTRACT STATUS
As of April 28, 2011
|
|
|
ONSHORE RIGS
|
Maximum
|
Contract Status
|
||||||||||||||
Horsepower
|
Drilling
|
Estimated
|
||||||||||||||
Name
|
Type
|
|
Drawworks
|
Mud Pumps
|
Depth (feet)
|
Location
|
Customer
|
Duration
|
Comments
|
|||||||
Rig 9
|
SCR diesel electric
|
2,000
|
3,200
|
20,000
|
Texas
|
Petrodome
|
May 2011
|
|||||||||
Rig 12
|
SCR diesel electric
|
1,500
|
2,600
|
18,000
|
Texas
|
Crimson Exploration
|
June 2011
|
|||||||||
Rig 14
|
AC electric
|
3,000
|
4,800
|
35,000
|
Louisiana
|
Armstrong
|
October 2011
|
|||||||||
Rig 15
|
AC electric
|
3,000
|
4,800
|
35,000
|
Texas
|
Available
|
||||||||||
Rig 26
|
SCR diesel electric
|
2,000
|
3,200
|
25,000
|
Texas
|
BBX
|
July 2011
|
|||||||||
Rig 29
|
SCR diesel electric
|
1,500
|
2,600
|
18,000
|
Texas
|
Available
|
||||||||||
Rig 30
|
AC electric
|
2,000
|
3,200
|
20,000
|
Louisiana
|
Chesapeake
|
July 2011
|
|||||||||
Rig 31
|
SCR diesel electric
|
3,000
|
4,400
|
35,000
|
Texas
|
Available
|
||||||||||
Rig 33
|
SCR diesel electric
|
1,500
|
3,200
|
18,000
|
Texas
|
Plains
|
September 2011
|
|||||||||
Rig 35
|
SCR diesel electric
|
1,500
|
4,400
|
18,000
|
Texas
|
EXCO Resources
|
September 2011
|
|||||||||
Rig 51
|
SCR diesel electric
|
2,000
|
4,400
|
25,000
|
Louisiana
|
Chesapeake
|
August 2011
|
|||||||||
Rig 52
|
SCR diesel electric
|
2,000
|
4,400
|
25,000
|
Texas
|
EOG
|
August 2011
|
|||||||||
Rig 53
|
SCR diesel electric
|
2,000
|
4,400
|
25,000
|
Louisiana
|
Chesapeake
|
July 2011
|
|||||||||
Rig 54
|
SCR diesel electric
|
2,000
|
4,400
|
25,000
|
Louisiana
|
Chesapeake
|
August 2011
|
|||||||||
Rig 59
|
AC electric
|
2,000
|
3,200
|
25,000
|
Louisiana
|
EnCana
|
August 2012
|
|||||||||
Rig 60
|
AC electric
|
2,000
|
3,200
|
25,000
|
Oklahoma
|
Devon
|
June 2011
|
|||||||||
Rig 61
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
Cheyenne
|
February 2012
|
|||||||||
Rig 62
|
AC electric
|
2,000
|
3,200
|
25,000
|
Oklahoma
|
Devon
|
May 2011
|
|||||||||
Rig 63
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
Cheyenne
|
February 2012
|
|||||||||
Rig 64
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
Leor
|
July 2011
|
|||||||||
Rig 65
|
AC electric
|
2,000
|
3,200
|
25,000
|
Louisiana
|
EnCana
|
December 2014
|
|||||||||
Rig 66
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
EnCana
|
June 2015
|
|||||||||
Rig 67
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
EOG
|
August 2011
|
|||||||||
Rig 68
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
EOG
|
September 2011
|
Rig is expected to commence operations beginning of May 2011.
|
||||||||
Rig 76
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
EnCana
|
June 2012
|
|||||||||
Rig 77
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
EnCana
|
September 2012
|
|||||||||
Rig 84
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
EnCana
|
June 2011
|
|||||||||
Rig 85
|
AC electric
|
2,000
|
3,200
|
25,000
|
Alabama
|
Chevron
|
October 2011
|
|||||||||
Rig 86
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
EOG
|
August 2011
|
|||||||||
Rig 87
|
AC electric
|
2,000
|
3,200
|
25,000
|
Texas
|
EXCO Resources
|
May 2012
|
|||||||||
Rigs 9 through 35 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, Rigs 67 through 77 during 2007, Rigs 84 and 85 in 2008 and Rigs 86 and 87 in 2009. All but Rig 29 are equipped with a top-drive drilling system. Rigs 15 and 29 are not being marketed. Operating day rates range from $18,000 to $27,000. Estimated contract durations reflect either stated drilling periods expected time required for the contracted well or wells. Estimated number of idle days during March 2011 was 212 (77% utilization).
|
||||||||||||||||
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.
|
||||||||||||||||
Revisions to Fleet Status Report Noted in Bold
|