UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported): November
1, 2007
ROWAN
COMPANIES, INC.
(Exact
name of registrant as specified in its charter)
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DELAWARE
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1-5491
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75-0759420
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(State or other
jurisdiction
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(Commission
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(IRS
Employer
|
|
of
incorporation)
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file
Number)
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Identification
No.)
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2800
POST OAK BOULEVARD
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|
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SUITE 5450
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HOUSTON, TEXAS
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77056-6189
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(Address of principal
executive offices)
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(zip
code)
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(713)
621-7800
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following
provisions:
[
] Written communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240-14d-2(b))
[
] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))
Item
2.02 - Results of Operations and Financial Condition
The
following information is disclosed pursuant to Item 2.02 - Results of Operations
and Financial Condition:
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|
On
November 1, 2007, Rowan Companies, Inc. issued a press release
announcing
its operating results for the third quarter of 2007. The press
release is
attached as Exhibit 99.1.
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Item
8.01 - Other Events
The
following information is disclosed pursuant to Item 8.01 - Other
Events:
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Rowan
Companies, Inc. announced today that it has entered into
contracts with
Keppel AmFELS, Inc. for the construction of four Super 116E
class
jack-ups. The rigs will be built at AmFELS’ Brownsville, Texas shipyard,
with delivery scheduled at approximately four-month intervals
beginning in
the second quarter of 2010. Rowan’s total cost of each rig is expected to
average approximately $175 million, with more than one-third
of that
amount attributable to the cost value of the design, kit
components and
drilling equipment to be provided by the Company’s manufacturing
businesses. The press release is attached as Exhibit
99.2.
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Item
9.01 - Financial Statements and Exhibits
(c)
Exhibits
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SIGNATURES
Pursuant
to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report
to
be signed on its behalf by the undersigned hereunto duly
authorized.
ROWAN
COMPANIES,
INC.
By:
/s/
W. H.
WELLS_________________
W.
H.
Wells,
Vice
President -
Finance and Chief Financial Officer
Dated:
November 1, 2007
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INDEX
TO
EXHIBITS
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