| LAND RIG FLEET AND CONTRACT STATUS As of May 25, 2011 | |
| ONSHORE RIGS | | | | | | Maximum | | | | Contract Status | | |
| | | | | Horsepower | | Drilling | | | | | | Estimated | | |
| Name | | Type | | Drawworks | | Mud Pumps | | Depth (feet) | | Location | | Customer | | Duration | | Comments |
| Rig 9 | | SCR diesel electric | | 2,000 | | 3,200 | | 20,000 | | Texas | | Available | | | | |
| Rig 12 | | SCR diesel electric | | 1,500 | | 2,600 | | 18,000 | | Texas | | Crimson Exploration | | June 2011 | | |
| Rig 14 | | AC electric | | 3,000 | | 4,800 | | 35,000 | | Louisiana | | Armstrong | | October 2011 | | |
| Rig 15 | | AC electric | | 3,000 | | 4,800 | | 35,000 | | Texas | | Available | | | | |
| Rig 26 | | SCR diesel electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | BBX | | July 2011 | | |
| Rig 29 | | SCR diesel electric | | 1,500 | | 2,600 | | 18,000 | | Texas | | Available | | | | |
| Rig 30 | | AC electric | | 2,000 | | 3,200 | | 20,000 | | Louisiana | | Chesapeake | | August 2011 | | |
| Rig 31 | | SCR diesel electric | | 3,000 | | 4,400 | | 35,000 | | Texas | | Available | | | | |
| Rig 33 | | SCR diesel electric | | 1,500 | | 3,200 | | 18,000 | | Texas | | Plains | | September 2011 | | |
| Rig 35 | | SCR diesel electric | | 1,500 | | 4,400 | | 18,000 | | Texas | | EXCO Resources | | September 2011 | | |
| Rig 51 | | SCR diesel electric | | 2,000 | | 4,400 | | 25,000 | | Louisiana | | Chesapeake | | August 2011 | | |
| Rig 52 | | SCR diesel electric | | 2,000 | | 4,400 | | 25,000 | | Texas | | EOG | | August 2011 | | |
| Rig 53 | | SCR diesel electric | | 2,000 | | 4,400 | | 25,000 | | Louisiana | | Chesapeake | | August 2011 | | |
| Rig 54 | | SCR diesel electric | | 2,000 | | 4,400 | | 25,000 | | Louisiana | | Chesapeake | | August 2011 | | |
| Rig 59 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Louisiana | | EnCana | | August 2012 | | |
| Rig 60 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Oklahoma | | Devon | | June 2011 | | |
| Rig 61 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | Cheyenne | | February 2012 | | |
| Rig 62 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Oklahoma | | Devon | | July 2011 | | |
| Rig 63 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | Cheyenne | | February 2012 | | |
| Rig 64 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | Leor | | July 2011 | | |
| Rig 65 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Louisiana | | EnCana | | December 2014 | | |
| Rig 66 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | EnCana | | June 2015 | | |
| Rig 67 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | EOG | | August 2011 | | |
| Rig 68 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | EOG | | September 2011 | | |
| Rig 76 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | EnCana | | June 2012 | | |
| Rig 77 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | EnCana | | September 2012 | | |
| Rig 84 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | EnCana | | June 2011 | | |
| Rig 85 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Alabama | | Chevron | | October 2011 | | |
| Rig 86 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | EOG | | August 2011 | | |
| Rig 87 | | AC electric | | 2,000 | | 3,200 | | 25,000 | | Texas | | EXCO Resources | | May 2012 | | |
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, Rigs 84 and 85 in 2008 and Rigs 86 and 87 in 2009. All but Rig 29 are equipped with a top-drive drilling system. Rigs 15 and 29 are not being marketed. Operating day rates range from $18,000 to $27,000. Estimated contract durations reflect either stated drilling periods expected time required for the contracted well or wells. Estimated number of idle days during April 2011 was 187 (79% utilization).
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.
Revisions to Fleet Status Report Noted in Bold
