ROWAN COMPANIES, INC. | ||||||||||||||||
LAND RIG FLEET AND CONTRACT STATUS | ||||||||||||||||
As of November 22, 2006 | ||||||||||||||||
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 | Anadarko | January 2007 | |||||||||
Rig 12 | SCR diesel electric | 1,500 | 2,600 | 18,000 | Texas | Cimarex | January 2007 | |||||||||
Rig 14 | AC electric | 3,000 | 3,200 | 35,000 | Texas | Newfield | November 2007 | Reflects recently exercised option for one additional year at current day rate. | ||||||||
Rig 15 | AC electric | 3,000 | 3,200 | 35,000 | Texas | Newfield | December 2006 | |||||||||
Louisiana | McMoRan | April 2007 | ||||||||||||||
Rig 18 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Anadarko | January 2007 | |||||||||
Rig 26 | SCR diesel electric | 2,000 | 4,800 | 25,000 | Texas | Newfield | March 2007 | Rig incurred approximately 20 days of October 2006 downtime due to equipment repairs. | ||||||||
Rig 29 | Mechanical | 1,500 | 2,600 | 18,000 | Louisiana | Anadarko | March 2007 | |||||||||
Rig 30 | AC electric | 2,000 | 2,600 | 20,000 | Louisiana | Castex | January 2007 | |||||||||
Rig 31 | SCR diesel electric | 3,000 | 4,400 | 35,000 | Louisiana | Noble Energy | April 2007 | |||||||||
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 | Anadarko | January 2007 | |||||||||
Rig 35 | SCR diesel electric | 1,500 | 4,400 | 18,000 | Louisiana | Anadarko | January 2007 | |||||||||
Rig 41 | SCR diesel electric | 2,000 | 3,200 | 25,000 | Texas | Newfield | April 2007 | |||||||||
Rig 51 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Louisiana | McMoRan | December 2006 | |||||||||
Texas | Pogo | December 2007 | ||||||||||||||
Rig 52 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Newfield | October 2007 | |||||||||
Rig 53 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Oklahoma | Marathon | February 2007 | |||||||||
Rig 54 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Newfield | May 2007 | |||||||||
Rig 59 | AC electric | 2,000 | 3,200 | 25,000 | Louisiana | Dominion | June 2008 | Rig incurred approximately 15 days of October 2006 downtime. | ||||||||
Rig 60 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Anadarko | April 2009 | |||||||||
Rig 61 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Anadarko | April 2008 | Rig was idle during October 2006 due to equipment repairs. | ||||||||
Rig 62 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Anadarko | April 2009 | |||||||||
Rig 63 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Anadarko | April 2008 | Rig commenced operations on October 16, 2006. | ||||||||
Rig 64 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Cabot | October 2008 | Rig commenced operations on October 24, 2006. | ||||||||
Rig 65 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Pioneer | December 2009 | Completion of rig construction is expected by late November or early December 2006. | ||||||||
Rig 66 | AC electric | 2,000 | 3,200 | 25,000 | Texas | PetroQuest | January 2010 | Completion of rig construction is expected by late December 2006 or early January 2007. | ||||||||
Rig 67 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Burlington | February 2010 | Completion of rig construction is expected by late January or early February 2007. | ||||||||
Rig 68 | AC electric | 2,000 | 3,200 | 25,000 | TBD | Pioneer | March 2010 | Completion of rig construction is expected by late February or early March 2007. | ||||||||
Rig 69 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Anadarko | March 2010 | Completion of rig construction is expected by late March 2007. | ||||||||
Rig 70 | AC electric | 2,000 | 3,200 | 25,000 | TBD | TBD | TBD | Completion of rig construction is expected by late March 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 62 were completed earlier during 2006. Rig 65 is rigging-up on its initial location. All but Rigs 9, 29 and 35 are equipped with a top-drive drilling system. Day rates range from $18,000 to $35,000. |
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. |