ROWAN COMPANIES, INC. | ||||||||||||||||
LAND RIG FLEET AND CONTRACT STATUS | ||||||||||||||||
As of October 22, 2007 | ||||||||||||||||
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 | Mayne & Mertz | November 2007 | |||||||||
Rig 12 | SCR diesel electric | 1,500 | 2,600 | 18,000 | Oklahoma | Newfield | November 2007 | |||||||||
Rig 14 | AC electric | 3,000 | 3,200 | 35,000 | Texas | Newfield | December 2007 | |||||||||
Rig 15 | AC electric | 3,000 | 3,200 | 35,000 | Texas | Winn | December 2007 | Rig incurred approximately three days of September downtime. | ||||||||
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 | Oklahoma | Cheasapeake | December 2007 | |||||||||
Rig 30 | AC electric | 2,000 | 2,600 | 20,000 | Louisiana | Petro-Hunt | November 2007 | |||||||||
Rig 31 | SCR diesel electric | 3,000 | 4,400 | 35,000 | Texas | Subsurface Tech | January 2008 | Rig became idle on August 20, 2007 and returned to service in early October. | ||||||||
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 | January 2008 | |||||||||
Rig 35 | SCR diesel electric | 1,500 | 4,400 | 18,000 | Texas | PetroQuest | January 2008 | Rig incurred approximately two days of September downtime. | ||||||||
Rig 41 | SCR diesel electric | 2,000 | 3,200 | 25,000 | Texas | Petro-Hunt | December 2007 | Rig incurred approximately five days of September downtime. | ||||||||
Rig 51 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Pogo | January 2008 | |||||||||
Rig 52 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Newfield | January 2008 | |||||||||
Rig 53 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Oklahoma | Marathon | January 2008 | |||||||||
Rig 54 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Newfield | January 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 | April 2009 | |||||||||
Rig 61 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Anadarko | April 2008 | |||||||||
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 64 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Cabot | November 2008 | Rig incurred approximately five days of September downtime. | ||||||||
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 incurred approximately seven days of September downtime. | ||||||||
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 | December 2007 | Rig commenced operations in late September 2007. | ||||||||
Rig 77 | AC electric | 2,000 | 3,200 | 25,000 | TBD | TBD | TBD | Completion of rig construction is expected during November 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 and 68 in early 2007. All but Rigs 9, 29 and 35 are equipped with a top-drive drilling system. Day rates range from $19,000 to $30,000. 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. |