Rowan Companies 8-K Offshore Rig Fleet and Contract Status

EXHIBIT 99.1

ROWAN COMPANIES, INC.
OFFSHORE RIG FLEET AND CONTRACT STATUS
As of December 15, 2005
OFFSHORE RIGS
						Contract Status
		Depth (feet) (b)		Year in			Day Rate	Estimated
Name	Class (a)	Water	Drilling	Service	Location	Customer	(in thousands)	Duration (h)
Cantilever Jack-up Rigs:
Hank Boswell (i)	225-C	300	35,000	2006
Bob Keller (i)	225-C	300	35,000	2005	Gulf of Mexico	McMoRan	Low 100s	January 2006
						El Paso	Mid 160s	July 2006
Scooter Yeargain (c)(d)	225-C	300	35,000	2004	Gulf of Mexico	ExxonMobil	Low 80s	January 2006
Bob Palmer (c)(d)	224-C	550	35,000	2003	Gulf of Mexico	Marathon	Mid 80s	January 2006
						Marathon	Low 120s	March 2006
Rowan Gorilla VII (c)(e)	219-C	400	35,000	2002	North Sea	Maersk	Low 180s	July 2006
Rowan Gorilla VI (c)(e)	219-C	400	35,000	2000	E. Canada	Encana	Mid 140s	January 2006
Rowan Gorilla V (c)(e)	219-C	400	35,000	1998	North Sea	Total Elf	Low 130s	January 2006
						Total Elf	Mid 130s	January 2007
Rowan Gorilla IV (c)(d)	200-C	450	35,000	1986	Gulf of Mexico	W&T Offshore	Low 100s	December 2005
						Newfield	Mid 110s	February 2006
						El Paso	Low 170s	July 2006
Rowan Gorilla III (c)(d)	200-C	450	30,000	1984	Gulf of Mexico	Stone	Low 90s	December 2005
						Stone	Low 100s	February 2006
Rowan Gorilla II (c)(d)	200-C	450	30,000	1984	Gulf of Mexico	Remington	Mid 110s	December 2005
Rowan-California (c)	116-C	300	30,000	1983	Gulf of Mexico	Newfield	Mid 70s	December 2005
					Middle East	Saudi Aramco	Mid 110s	January 2009
Cecil Provine (c)(g)	116-C	300	30,000	1982	Gulf of Mexico	Apache	Low 130s	February 2006
Gilbert Rowe (c)(d)	116-C	350	30,000	1981	Gulf of Mexico	Newfield	Low 80s	December 2005
						Newfield	Low 140s	June 2006
Arch Rowan (c)(d)	116-C	350	30,000	1981	Gulf of Mexico	Pioneer	Low 130s	December 2005
					Middle East	Saudi Aramco	Mid 110s	January 2009
Charles Rowan (c)(d)	116-C	350	30,000	1981	Gulf of Mexico	Apache	Low 90s	December 2005
					Middle East	Saudi Aramco	Mid 110s	January 2009
Rowan-Paris (c)(d)	116-C	350	30,000	1980	Gulf of Mexico	Apache	Low 130s	February 2006
Rowan-Middletown (c)(d)	116-C	350	30,000	1980	Gulf of Mexico	Arena	Low 90s	December 2005
					Middle East	Saudi Aramco	Mid 110s	January 2009
Conventional Jack-up Rigs:
Rowan-Juneau (c)(f)	116	300	30,000	1977	Gulf of Mexico	Cimarex	Low 70s	December 2005
						Newfield	Mid 90s	February 2006
						Newfield	Low 130s	May 2006
Rowan-Alaska (c)(f)	84	350	30,000	1975	Gulf of Mexico	Devon	Mid 120s	February 2006
Rowan-Anchorage (c)	52	250	20,000	1972	Gulf of Mexico	Remington	Low 70s	January 2006
						Remington	Mid 70s	March 2006

(a) Indicated class is a number assigned by LeTourneau, Inc. to jack-ups of its design and construction. Class 200-C is a Gorilla class unit

designed for extreme hostile environment capability. Class 219-C is a Super Gorilla class unit, an enhanced version of the Gorilla class.

Class 224-C is a Super Gorilla XL class unit. Class 225-C is a Tarzan class unit.

(b) Indicates rated water depth in current location and rated drilling depth

(c) Unit equipped with a top-drive drilling system

(d) Unit equipped with three mud pumps

(e) Unit equipped with four mud pumps

(f) Unit equipped with a skid base unit

(g) Unit sold and leased back under an agreement expiring in 2008

(h) Indicates estimated completion date of work to be performed

(i) Indicates units currently under construction with anticipated year of completion

Disclaimer:

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.