ROWAN COMPANIES, INC. | ||||||||||||||||
LAND RIG FLEET AND CONTRACT STATUS | ||||||||||||||||
As of August 20, 2008 | ||||||||||||||||
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 | Samson | September 2008 | Rig experienced approximately 12 days of July downtime. | ||||||||
Rig 12 | SCR diesel electric | 1,500 | 2,600 | 18,000 | Oklahoma | Sheridan | October 2008 | |||||||||
Rig 14 | AC electric | 3,000 | 3,200 | 35,000 | Texas | El Paso | November 2008 | |||||||||
Rig 15 | AC electric | 3,000 | 3,200 | 35,000 | Texas | Winn | September 2008 | |||||||||
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 | Cornerstone | October 2008 | |||||||||
Rig 29 | Mechanical | 1,500 | 2,600 | 18,000 | Oklahoma | Petro-Quest | September 2008 | |||||||||
Rig 30 | AC electric | 2,000 | 2,600 | 20,000 | Texas | BBX | May 2009 | |||||||||
Rig 31 | SCR diesel electric | 3,000 | 4,400 | 35,000 | Louisiana | Caskids | October 2008 | |||||||||
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 | Forest Oil | October 2008 | Rig experienced approximately three (3) days of July downtime. | ||||||||
Rig 35 | SCR diesel electric | 1,500 | 4,400 | 18,000 | Texas | EnCana | October 2008 | |||||||||
Rig 51 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Newfield | October 2008 | |||||||||
Rig 52 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Newfield | November 2008 | |||||||||
Rig 53 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | BBX | September 2008 | |||||||||
Rig 54 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Newfield | October 2008 | |||||||||
Rig 59 | AC electric | 2,000 | 3,200 | 25,000 | Texas | ConocoPhillips | July 2009 | |||||||||
Rig 60 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Newfield | April 2009 | |||||||||
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 | |||||||||
Rig 63 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Anadarko | April 2009 | |||||||||
Rig 64 | AC electric | 2,000 | 3,200 | 25,000 | Texas | ExxonMobil | November 2008 | Rig experienced approximately six (6) days of July downtime. | ||||||||
Rig 65 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Pioneer | November 2009 | Rig experienced approximately four (4) days of July downtime. | ||||||||
Rig 66 | AC electric | 2,000 | 3,200 | 25,000 | Texas | 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 | August 2010 | Rig currently under construction with completion expected in August 2008. | ||||||||
Rig 86 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Rig currently under construction with completion expected during Q4 2008. | ||||||||||
Rig 87 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Rig currently under construction with completion expected during Q4 2008. |
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 Rig 84 in late May 2008. Rig 41 was sold in August 2008. All but Rig 29 are equipped with a top-drive drilling system. Day rates range from $17,500 to $27,500. |
Estimated contract durations reflect either stated drilling periods 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 filiings with the U. S. Securities and Exchange Commission. |