When did Rowan drilling start?

Incorporating in 1924 as Rowan Drilling, the company added to its inventory an additional oil rig, purchased for $5,500. With total capital of $30,000, the brothers set the new rig near the town of Wortham. They hit a gusher in November 1924 that reached 200 feet in the air.

Where does Rowan operate drilling rigs?

Rowan operates drills in Louisiana, Texas, the Gulf of Mexico, Canada, Alaska, and throughout the world. Era Aviation is a charter airline serving Alaska, the Gulf Coast, and the Western United States. LaTourneau, Inc. manufactures offshore drilling rigs.

Does Rowan have a jack-up drilling rig?

Offshore drilling contractor Rowan Companies has cold stacked one rig, sold two, and received several extensions for its jack-up drilling rigs. According to the driller’s latest fleet status report issued on Tuesday, the 1983-built jack-up Rowan California, that previously operated in the Middle East, was cold stacked.

How many rigs does Rowan have?

With 24 rigs in operation in three states, Rowan began the 1950s aggressively. In 1951, Rowan began offering benefits to its employees as well as establishing a joint headquarters in Fort Worth, Texas, for the two companies — Rowan Oil and Rowan Drilling.

How did Rowan rigs grow in the 1970s?

Despite the challenges of the 1970s, Rowan had experienced tremendous growth, doubling in size to 1,550 employees and adding new rigs and contracts in new areas. In 1981, Rowan CEO Bob Palmer was named the top CEO in the offshore drilling industry by the Wall Street Transcript.

What happened to Rowan jack-up rigs?

Further, Rowan’s two jack-ups, Rowan Gorilla II and Rowan Gorilla III, were sold in the fourth quarter of 2016, retiring from service as drilling units. The driller also reported that the 1981-built jack-up rig Gilbert Rowe has received a contract extension with Saudi Aramco at current rate until March 31, 2017.