Jan13FSRex991

Hercules Offshore

Monthly Rig Fleet Status Report

as of

January 22, 2013

Exhibit 99.1

Contract (2)

Dayrate ($000s)

Est. Duration (3)

Rig Name

Rig Type

Location

Customer / Status (1)

Days

Date

Comments

Domestic Offshore

Hercules 120

120’ - MC, TD

GOM

Chevron

64-66

343

12/31/13

Hercules 150

150’ - ILC, TD

GOM

Apache

61-63

02/01/13

Chevron

74-76

04/02/13

Arena

76-78

06/01/13

Hercules 173

173’ - MC, TD

GOM

Chevron

64-66

343

12/31/13

Hercules 200

200’ - MC, TD

GOM

Apache

71-73

02/08/13

Apache

79-81

05/09/13

Shipyard

06/23/13

Gulf Coast Energy Resources

94-96

07/13/13

Hercules 201

200’ - MC, TD

GOM

EPL

81-83

04/19/13

Hercules 202

200’ - MC, TD

GOM

W&T Offshore

66-68

02/08/13

71-73

05/15/13

84-86

08/17/13

Hercules 204

200’ - MC, TD

GOM

Castex

57-59

03/01/13

Castex

81-83

04/10/13

Chevron

81-83

265

12/31/13

Contract rate based on prior commitment made in October 2012

Hercules 205

200’ - MC, TD

GOM

Black Elk

81-83

04/18/13

Contract commenced January 21, 2013.

84-86

180

10/15/13

ABS 5-year special survey scheduled for the third quarter 2013; estimated downtime of 90 days

Hercules 209

200' - MC, TD

GOM

Shipyard

04/30/13

Rig reactivation

Razor/Emerald

86-88

06/04/13

Hall-Houston

94-96

07/04/13

Hercules 212

200’ - MC, TD

GOM

W&T Offshore

91-93

02/25/13

Contract assignment from Monforte

W&T Offshore

84-86

05/31/13

Renaissance

86-88

07/15/13

Hercules 213

200’ - MC, TD

GOM

EPL

74-76

02/02/13

81-83

120

06/02/13

Hercules 214

200’ - MC, TD

GOM

Apache

79-81

175

07/16/13

101-103

180

01/12/14

Hercules 251

250’ - MS, TD

GOM

Walter Oil & Gas

60-62

02/15/13

Hall-Houston

79-81

03/27/13

Hall-Houston

74-76

05/30/13

Hall-Houston

57-59

07/01/13

Prior contract reassignment; ABS 5-year special survey scheduled for the fourth quarter 2013; estimated downtime of 90 days

Hercules 253

250’ - MS, TD

GOM

Tana

74-76

190

07/31/13

Contract commenced January 22, 2013.

Tana

96-98

10/04/13

Hercules 263

250’ - MC, TD

GOM

Arena

62-64

02/14/13

Tana

86-88

05/10/13

Tana

89-91

120

09/07/13

Tana

97-99

11/11/13

Hercules 264

250’ - MC, TD

GOM

Energy XXI

89-91

02/25/13

Castex

86-88

210

09/23/13

ABS 5-year special survey scheduled for the third quarter 2013; estimated downtime of 90 days

Page 1 of 5

Hercules Offshore

Monthly Rig Fleet Status Report

as of

January 22, 2013

Contract (2)

Dayrate ($000s)

Est. Duration (3)

Rig Name

Rig Type

Location

Customer / Status (1)

Days

Date

Comments

Hercules 265

250’ - MC, TD

GOM

Gulf Coast Energy

Resources

67-69

02/01/13

Contract rate based on prior commitment made in December 2011.

EPL

89-91

05/02/13

Hercules 300

300' - MC, TD

GOM

Arena

86-88

02/20/13

96-98

130

06/30/13

Shipyard

09/28/13

ABS 5-year special survey scheduled for the third quarter 2013; estimated downtime of 90 days

Arena

96-98

235

05/21/14

99-101

180

11/17/14

Hercules 350

350' - ILC, TD

GOM

Cimarex

109-111

177

07/18/13

Renaissance

134-136

180

01/14/14

Average

240

days

Hercules 85

85’ - ILS, TD

GOM

Cold Stacked 01/09

Hercules 153

150’ - MC, TD

GOM

Cold Stacked 01/09

Hercules 203

200’ - MC, TD

GOM

Cold Stacked 06/09

Hercules 206

200’ - MC, TD

GOM

Cold Stacked 12/09

Hercules 207

200’ - MC, TD

GOM

Cold Stacked 01/09

Hercules 211

200’ - MC Workover

GOM

Cold Stacked 01/09

Hercules 250

250’ - MS, TD

GOM

Cold Stacked 12/09

Hercules 2002

200’ - MC, TD

GOM

Cold Stacked 10/08

Hercules 2003

200’ - MC, TD

GOM

Cold Stacked 02/09

Hercules 2500

250’ - MS, TD

GOM

Cold Stacked 02/09

Page 2 of 5

Hercules Offshore

Monthly Rig Fleet Status Report

as of

January 22, 2013

Contract (2)

Dayrate ($000s)

Est. Duration (3)

Rig Name

Rig Type

Location

Customer / Status (1)

Days

Date

Comments

International Offshore

Hercules 170

170’ - ILC, TD

Bahrain

Warm Stacked

Hercules 208

200' - MC, TD

Indonesia

Enroute

02/01/13

On reduced mobilization rate

Myanmar

PTTEP

95-97

135

06/16/13

45 day priced option at $95 - $97K dayrate

Shipyard

09/14/13

Scheduled downtime for ABS 5-year special survey/repairs

Hercules 260

250’ - ILC, TD

Cameroon

Shipyard

03/15/13

Scheduled downtime for ABS 5-year special survey/repairs

Perenco

89-91

04/23/13

124-126

07/22/13

106-108

244

03/23/14

114-116

04/23/14

Hercules 261

250’ - ILC, TD

Saudi Arabia

Saudi Aramco

83-85

615

09/29/14

Hercules 262

250’ - ILC, TD

Saudi Arabia

Saudi Aramco

79-81

655

11/08/14

Hercules 266

250’ - ILC, TD

Saudi Arabia

Shipyard

03/31/13

Contract preparation work

Saudi Aramco

116-118

974

11/30/15

Will receive lump sum payment upon contract commencement. Revised dayrate to reflect late delivery penalty. Contract expiration between 9/30/15 and three years post commencement of contract at discretion of customer.

Average

464

days

Hercules 156

150’ - ILC, TD

Bahrain

Cold Stacked 12/10

Hercules 258

250’ - MS, TD

Malaysia

Cold Stacked 10/12

Page 3 of 5

Hercules Offshore

Monthly Rig Fleet Status Report

as of

January 22, 2013

Contract (2)

Dayrate ($000s)

Est. Duration (3)

Rig Name

Rig Type

Location

Customer / Status (1)

Days

Date

Comments

US Inland Barges

Hercules 17

Posted - 3000 hp, TD

US Inland Gulf Coast

Ready Stacked

Hercules 41

Posted - 3000 hp, TD

US Inland Gulf Coast

Castex

26-28

03/25/13

Hercules 49

Posted - 3000 hp, TD

US Inland Gulf Coast

Ready Stacked

Average

days

Hercules 01

Conv - 2000 hp

US Inland Gulf Coast

Cold Stacked 10/08

Hercules 11

Conv - 3000 hp, TD

US Inland Gulf Coast

Cold Stacked 02/09

Hercules 15

Conv - 2000 hp

US Inland Gulf Coast

Cold Stacked 12/08

Hercules 19

Conv - 1000 hp

US Inland Gulf Coast

Cold Stacked 01/09

Hercules 27

Posted - 3000 hp, TD

US Inland Gulf Coast

Cold Stacked 01/09

Hercules 46

Posted - 3000 hp, TD

US Inland Gulf Coast

Cold Stacked 01/09

Hercules 48

Posted - 3000 hp, TD

US Inland Gulf Coast

Cold Stacked 03/09

Hercules 52

Posted - 2000 hp, TD

US Inland Gulf Coast

Cold Stacked 01/09

Hercules 55

Posted - 3000 hp, TD

US Inland Gulf Coast

Cold Stacked 03/09

Hercules 57

Posted - 2000 hp, TD

US Inland Gulf Coast

Cold Stacked 01/09

Hercules 64

Posted - 3000 hp, TD

US Inland Gulf Coast

Cold Stacked 03/09

(1)

Rigs with a Customer named are under contract, while rigs described as “Ready Stacked” are not under contract, but generally are ready for service. Rigs described as “Warm Stacked” are actively marketed and may have a reduced number of crew, but require a full crew to be ready for service. Rigs described as “Cold Stacked” are not actively marketed, normally require the hiring of an entire crew and require a maintenance review and refurbishment before they can function as a drilling rig. Rigs described as “Shipyard” are undergoing maintenance, repairs, upgrades and may or may not be actively marketed depending on the length of stay in the shipyard.

(2)

Contract dayrates shown in the table above are full contract operating dayrates, which may include estimated contractual adjustments for changes in operating costs and reimbursable cost items for operating expenses such as crew and may also include additional services and personnel that may be requested by the customer from time-to-time. However, the dayrates do not include certain non-recurring revenues such as lump sum mobilizations and demobilizations. The actual dayrate over the term of the contract could be lower and could be substantially lower and or subject to numerous risks as disclosed in the Company’s filings with the Securities and Exchange Commission. Lower dayrates typically apply when the rig is under contract but not fully operating, including periods when the rig is moving, waiting on weather, on standby, down for repairs or maintenance or during other operational delays or events of force majeure.


(3)	Estimated contract duration is an estimate based on current belief by our customers as to the remaining days to complete the project, subject to the satisfaction of regulatory or permitting requirements that are in effect, including those that may impact the ability of our customers to timely obtain drilling permits.

Page 4 of 5

Hercules Offshore

Liftboat Fleet Status Report

for the month ended

December 31, 2012



Leg Length/ Liftboat Class (Feet)	Total Number of Liftboats	Actively Marketed Liftboats (1)	Revenue Per Day Per Liftboat (2)		Operating Days	Utilization (3)		Comments
Gulf of Mexico
230	1	1	$	27,314	24	77	%	One vessel in drydock in December and January
170-215	4	4	14,755		123	99	%
140-150	5	5	9,069		63	41	%	One vessel in drydock in December and two vessels in drydock in January
120-130	14	12	5,921		240	65	%	One vessel in drydock in December
105	15	10	5,662		127	41	%
Sub-total/Average	39	32	$	8,981	577	58	%
International
230-260	3	3	$	45,689	49	53	%
170-215	6	6	36,972		171	92	%	One vessel in drydock in December
140-150	4	4	15,876		91	73	%	One vessel in drydock in December and January
120-130	7	7	11,803		202	93	%	One vessel in drydock in January
105	4	2	9,341		21	34	%
Sub-total/Average	24	22	$	23,569	534	78	%
Total/Average	63	54	$	15,993	1,111	66	%


(1)	Actively marketed liftboats excludes seven GOM cold-stacked liftboats and two Nigeria cold-stacked liftboats.


(2)	Includes reimbursables.


(3)	Utilization is defined as the total number of operating days in the period as a percentage of the total number of calendar days in the period our liftboats were actively marketed.

The information and statements made in the Fleet Status Report that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning estimated contract expiration dates, dayrates, estimated dates for completion of repairs and upgrades and commencement dates of new contracts, as well as information that may be affected by delays in obtaining drilling permits in the Gulf of Mexico. Such statements are subject to a number of risks, uncertainties and assumptions, including without limitation, early termination by the customer pursuant to the contract or otherwise, cancellation or completion of certain contracts earlier than expected, our ability to renew or extend our long-term international contracts, or enter into new contracts, at current dayrates when such contracts expire, the potential inability of our customers to obtain drilling permits that would cover the entire duration of our contracts in the U.S. Gulf of Mexico or otherwise satisfy regulatory requirements that may be then in effect, operational difficulties, shipyard and other delays, government and regulatory actions and other factors described in the Company’s annual report on Form 10-K and its most recent periodic reports and other documents filed with the Securities and Exchange Commission, which are available free of charge at the SEC’s website at www.sec.gov or the company’s website at www.herculesoffshore.com. The Company cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.

Page 5 of 5