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Earnings Calls: 
Rowan Companies Second Quarter Earnings Call
Author: Albena Toncheva
123jump.com
Last Update: 9:35 AM EDT August 10 2007
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The provider of contract drilling services reported revenue of $507 million, an increase of 32% from the previous year. However, the revenue fell short of analysts’ expectation of $519.7 million. During the quarter, the strong overseas demand offset the weakness in the North American market. While the offshore rig utilization rate increased to 97% from 84% in the sequential quarter, the land rig utilization rate rose to 97% from 92%.

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William H. Wells: If you''re talking about the smaller rigs, the Rowan acreage the roll over at the end of September. The Rowan Juneau would go all the way to the end of October with an option after that. That''s about the only two would roll over to the next 30 to 60, 90 days. We''re in good shape there, but that''s only two rigs. Both operators have options on them at the end of that.
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