<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF ROWAN COMPANIES, INC. FOR THE SIX MONTHS
ENDED JUNE 30, 1995 INCLUDED IN ITS FORM 10-Q FOR THE QUARTERLY PERIOD THEN
ENDED AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL 
STATEMENTS.


</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                         $63,654
<SECURITIES>                                         0
<RECEIVABLES>                                   91,428
<ALLOWANCES>                                         0
<INVENTORY>                                     71,349
<CURRENT-ASSETS>                               246,000
<PP&E>                                       1,257,376
<DEPRECIATION>                                 761,420
<TOTAL-ASSETS>                                 785,933
<CURRENT-LIABILITIES>                           65,979
<BONDS>                                        248,352
<COMMON>                                        10,766
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     408,691
<TOTAL-LIABILITY-AND-EQUITY>                   785,933
<SALES>                                         52,921
<TOTAL-REVENUES>                               210,179
<CGS>                                           44,910
<TOTAL-COSTS>                                  225,777
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              13,838
<INCOME-PRETAX>                               (25,367)
<INCOME-TAX>                                        74
<INCOME-CONTINUING>                           (25,441)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (25,441)
<EPS-PRIMARY>                                    (.30)
<EPS-DILUTED>                                    (.30)