ROWAN COMPANIES, INC. | ||||||||||||||||
LAND RIG FLEET AND CONTRACT STATUS | ||||||||||||||||
As of October 22, 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 | Petro-Hunt | November 2008 | Rig experienced approximately 16 days of September downtime. | ||||||||
Rig 12 | SCR diesel electric | 1,500 | 2,600 | 18,000 | Oklahoma | Sheridan | December 2008 | |||||||||
Rig 14 | AC electric | 3,000 | 3,200 | 35,000 | Texas | El Paso | December 2008 | |||||||||
Rig 15 | AC electric | 3,000 | 3,200 | 35,000 | Texas | Winn | November 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 | PetroQuest | September 2009 | |||||||||
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 | December 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 | Available | ||||||||||
Rig 35 | SCR diesel electric | 1,500 | 4,400 | 18,000 | Texas | EnCana | November 2008 | |||||||||
Rig 51 | SCR diesel electric | 2,000 | 4,400 | 25,000 | Texas | Newfield | October 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 | ConocoPhillips | November 2008 | |||||||||
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 | March 2009 | |||||||||
Rig 64 | AC electric | 2,000 | 3,200 | 25,000 | Texas | ExxonMobil | November 2008 | |||||||||
TBD | Cabot | November 2009 | ||||||||||||||
Rig 65 | AC electric | 2,000 | 3,200 | 25,000 | Texas | Pioneer | November 2009 | |||||||||
Rig 66 | AC electric | 2,000 | 3,200 | 25,000 | Texas | BBX | January 2009 | |||||||||
TBD | 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 | TBD | EnCana | November 2011 | Rig currently under construction with completion expected during Q4 2008. | ||||||||
Rig 87 | AC electric | 2,000 | 3,200 | 25,000 | TBD | Common Resources | January 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 | Rig currently under construction with completion expected during Q2 2009. | ||||||||
Rig 89 | AC electric | 2,000 | 3,200 | 25,000 | TBD | EnCana | August 2012 | Rig currently under construction with completion expected during Q3 2009. | ||||||||
Rig 90 | AC electric | 2,000 | 3,200 | 25,000 | TBD | EnCana | November 2012 | Rig currently under construction with completion expected during Q4 2009. | ||||||||
Rig 91 | AC electric | 2,000 | 3,200 | 25,000 | TBD | EnCana | February 2013 | Rig currently under construction with completion expected during Q1 2010. |
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. Rig 41 was sold in August 2008. All but Rig 29 are equipped with a top-drive drilling system. Day rates range from $20,000 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. |