Rowan Obtains Two-Year Gulf of Mexico Contract for Jack-up Gorilla II

Rowan Companies, Inc. announced that it has signed a contract with Devon Energy Corporation for the Gorilla class jack-up, Gorilla II, in the Gulf of Mexico. The two-year commitment should begin in January 2009 and is expected to provide approximately $137 million of drilling revenues. The rig will be performing drilling services as well as assisting Devon with various construction projects. Danny... 

Rowan Obtains Three-Year Contracts for Six Land Rigs

Rowan Companies, Inc. announced that it has entered into three-year contracts with EnCana for four new 2000-horsepower land rigs. Delivery of the first rig is scheduled for May 2009, with each additional rig to follow approximately every three months thereafter. Two additional land rigs are currently under construction and just received three-year contracts, one with EnCana and one with Common Resources;... 

Rowan Obtains Two-Year Gulf of Mexico Contract for Newbuild Jack-up Rowan-Mississippi

Rowan Companies, Inc. announced that it has entered into a drilling contract with McMoRan Oil & Gas LLC for the new 240C class jack-up, Rowan-Mississippi. The contract is for a two-year term and will provide Rowan with approximately $160 million of drilling revenues. The rig will drill one or more ultra deep gas wells in the Gulf of Mexico, including additional drilling on the Blackbeard Prospect.... 

LeTourneau Obtains $74 Million

Rowan Companies, Inc. has recently reported that the company has announced today that its wholly owned manufacturing subsidiary, LeTourneau Technologies, Inc. (LTI), has entered into a contract with Weatherford Drilling International (BVI) Ltd. to construct four new 2000 horsepower land drilling rigs, at a total value of $74.4 million. Construction is expected to start immediately with delivery of... 

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LeTourneau Obtains $74 Million Contract for New Land Rigs

Rowan Companies, Inc. announced that its wholly owned manufacturing subsidiary, LeTourneau Technologies, Inc. (LTI), has entered into a contract with Weatherford Drilling International (BVI) Ltd. to construct four new 2000 horsepower land drilling rigs, at a total value of $74.4 million. Construction is expected to start immediately with delivery of the first land rig in the third quarter of 2008,... 

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