Exhibit 99.3

ROWAN COMPANIES, INC.
LAND RIG FLEET AND CONTRACT STATUS
As of January 26, 2009

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	Texas	Available
Rig 12	SCR diesel electric		1,500		2,600		18,000	Texas	Available
Rig 14	AC electric		3,000		3,200		35,000	Texas	Available
Rig 15	AC electric		3,000		3,200		35,000	Texas	Forest Oil	May 2009
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	Available
Rig 29	Mechanical		1,500		2,600		18,000	Texas	Available
Rig 30	AC electric		2,000		2,600		20,000	Texas	BBX	March 2009
Rig 31	SCR diesel electric		3,000		4,400		35,000	Texas	EnCana	April 2009
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	Available
Rig 35	SCR diesel electric		1,500		4,400		18,000	Texas	EnCana	June 2009
Rig 51	SCR diesel electric		2,000		4,400		25,000	Texas	Newfield	September 2009
Rig 52	SCR diesel electric		2,000		4,400		25,000	Texas	Newfield	November 2009
Rig 53	SCR diesel electric		2,000		4,400		25,000	Texas	BBX	May 2009
Rig 54	SCR diesel electric		2,000		4,400		25,000	Texas	Newfield	October 2009
Rig 59	AC electric		2,000		3,200		25,000	Texas	BBX	March 2009
Rig 60	AC electric		2,000		3,200		25,000	Texas	Newfield	April 2009
									Devon	April 2011
Rig 61	AC electric		2,000		3,200		25,000	Texas	Chesapeake	March 2009
Rig 62	AC electric		2,000		3,200		25,000	Texas	Newfield	February 2009
									Devon	March 2011
Rig 63	AC electric		2,000		3,200		25,000	Texas	Anadarko	March 2009
Rig 64	AC electric		2,000		3,200		25,000	Texas	ExxonMobil	April 2009
								TBD	Cabot	April 2010
Rig 65	AC electric		2,000		3,200		25,000	Texas	Pioneer	November 2009
Rig 66	AC electric		2,000		3,200		25,000	Oklahoma	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	Texas	EnCana	April 2011
Rig 77	AC electric		2,000		3,200		25,000	Texas	EnCana	March 2010
Rig 84	AC electric		2,000		3,200		25,000	Texas	EnCana	June 2011
Rig 85	AC electric		2,000		3,200		25,000	Texas	Common Resources	October 2010
Rig 86	AC electric		2,000		3,200		25,000	Texas	EnCana	February 2012	Rig is currently on location and will begin operations in late January.
Rig 87	AC electric		2,000		3,200		25,000	TBD	Common Resources	March 2012	Rig currently under construction with completion expected during Q1 2009.
Rig 88	AC electric		2,000		3,200		25,000	TBD	EnCana	May 2012	Currently in negotiations with EnCana to substitute existing land rigs for this contract.
Rig 89	AC electric		2,000		3,200		25,000	TBD	EnCana	August 2012	Currently in negotiations with EnCana to substitute existing land rigs for this contract.
Rig 90	AC electric		2,000		3,200		25,000	TBD	EnCana	November 2012	Currently in negotiations with EnCana to substitute existing land rigs for this contract.
Rig 91	AC electric		2,000		3,200		25,000	TBD	EnCana	February 2013	Currently in negotiations with EnCana to substitute existing land rigs for this contract.

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 and Rigs 84 and 85 in 2008. All but Rig 29 are equipped with a top-drive drilling system. Day rates range from $19,000 to $27,500. Estimated contract durations reflect either stated drilling periods expected time required for the contracted well or wells. Estimated number of idle days during December 2008 was 114.

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