8-K

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): February 16, 2011

HERCULES OFFSHORE, INC.

(Exact name of registrant as specified in its charter)

Delaware	0-51582	56-2542838
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)

9 Greenway Plaza, Suite 2200
Houston, Texas	77046
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (713) 350-5100

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

EX-99.1

Item 7.01 Regulation FD Disclosure

Fleet Status

     On February 16, 2011, Hercules Offshore, Inc. (the “Company”) is posting on its website at www.herculesoffshore.com a report entitled “Hercules Offshore Fleet Status Report” (the “Fleet Status Report”). The Fleet Status Report includes the Hercules Offshore Rig Fleet Status (as of February 16, 2011), which contains information for each of the Company’s drilling rigs, including contract dayrate and duration. The Fleet Status Report also includes the Hercules Offshore Liftboat Fleet Status Report, which contains information by liftboat class for January 2011, including revenue per day and operating days. The Fleet Status Report is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

     The information furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933 unless specifically identified therein as being incorporated therein by reference.

     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 the continued 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.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

     Exhibit 99.1 Hercules Offshore Fleet Status Report

SIGNATURE

     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.

	HERCULES OFFSHORE, INC.
Date: February 16, 2011	By:	/s/ James W. Noe
		James W. Noe
		Senior Vice President, General Counsel and Chief Compliance Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Hercules Offshore Fleet Status Report

EX-99.1

Exhibit 99.1

Hercules Offshore
Monthly Rig Fleet Status Report
as of
February 16, 2011

						Est.
					Contract (2)	Duration (3)
	Rig Name	Rig Type	Location	Customer / Status (1)	Dayrate ($000s)	Days		Date	Comments
Domestic Offshore
1	Hercules 120	120’ — MC, TD	GOM	Chevron	35-37		134	06/30/11	Scheduled downtime for ABS 5-year special survey/repairs for approximately 50 days starting in February 2011
2	Hercules 150	150’ — ILC, TD	GOM	Hilcorp	33-35		16	03/04/11
				Hilcorp	39-41		100	06/12/11
3	Hercules 173	173’ — MC, TD	GOM	Chevron	35-37		134	06/30/11	Scheduled downtime for ABS 5-year special survey/repairs for approximately 30 days starting in May 2011
4	Hercules 200	200’ — MC, TD	GOM	Apache	33-35		20	03/08/11	Scheduled downtime for ABS 5-year special survey/repairs for approximately 21 days starting in March 2011
5	Hercules 201	200’ — MC, TD	GOM	Ready Stacked				02/24/11
				Stone Energy	36-38		10	03/06/11
6	Hercules 202	200’ — MC, TD	GOM	W&T Offshore	32-34		54	04/11/11
7	Hercules 204	200’ — MC, TD	GOM	Shipyard					Scheduled downtime for ABS 5-year special survey/repairs for approximately 50 days starting in late January 2011; Previous contract ended January 13, 2011
8	Hercules 205	200’ — MC, TD	GOM	Dominion	34-36		12	02/28/11	Previous contract ended January 18, 2011
9	Hercules 251	250’ — MS, TD	GOM	Ready Stacked				02/19/11	Previous contract ended February 6, 2011
				Hall-Houston	34-36		40	03/31/11
10	Hercules 253	250’ — MS, TD	GOM	ADTI/Dynamic	32-34		5	02/21/11
11	Hercules 350	350’ — ILC, TD	GOM	Chevron	73-75		134	06/30/11
					Average		60	days
12	Hercules 75	Submersible, TD	GOM	Cold Stacked 01/09
13	Hercules 77	Submersible, TD	GOM	Cold Stacked 01/09
14	Hercules 78	Submersible, TD	GOM	Cold Stacked 01/09
15	Hercules 85	85’ — ILS, TD	GOM	Cold Stacked 01/09
16	Hercules 101	100’ — MC, TD	GOM	Cold Stacked 01/09
17	Hercules 152	150’ — MC, TD	GOM	Cold Stacked 05/09
18	Hercules 153	150’ — MC, TD	GOM	Cold Stacked 01/09
19	Hercules 203	200’ — MC, TD	GOM	Cold Stacked 06/09
20	Hercules 206	200’ — MC, TD	GOM	Cold Stacked 12/09
21	Hercules 207	200’ — MC, TD	GOM	Cold Stacked 01/09
22	Hercules 211	200’ — MC Workover	GOM	Cold Stacked 01/09
23	Hercules 250	250’ — MS, TD	GOM	Cold Stacked 12/09
24	Hercules 252	250’ — MS, TD	GOM	Cold Stacked 05/09
25	Hercules 257	250’ — MS, TD	GOM	Cold Stacked 07/10

Page 1 of 4

Hercules Offshore
Monthly Rig Fleet Status Report
as of
February 16, 2011

						Est.
					Contract (2)	Duration (3)
	Rig Name	Rig Type	Location	Customer / Status (1)	Dayrate ($000s)	Days	Date	Comments
International Offshore
1	Hercules 170	170’ — ILC, TD	Bahrain	Warm Stacked
2	Hercules 156	150’ — ILC, TD	Bahrain	Cold Stacked
3	Hercules 185	150’ — ILC, TD	Gabon	CABGOC	59-61	1,091	02/11/14	Contract commenced February 11, 2011
4	Platform 3	Platform, TD	Mexico	PEMEX	54-56	67	04/24/11
5	Hercules 258	250’ — MS, TD	India	ONGC	109-111	108	06/04/11
6	Hercules 260	250’ — ILC, TD	India	ONGC	142-144	42	03/30/11
7	Hercules 208	200’ — MC, TD	Malaysia	Murphy	109-111	191	08/26/11
8	Hercules 261	250’ — ILC, TD	Saudi Arabia	Saudi Aramco	136-138	226	09/30/11
9	Hercules 262	250’ — ILC, TD	Saudi Arabia	Saudi Aramco	127-129	226	09/30/11
					Average	217	days

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Hercules Offshore
Monthly Rig Fleet Status Report
as of
February 16, 2011

						Contract (2)	Est. Duration (3)
		Rig Name	Rig Type	Location	Customer / Status (1)	Dayrate ($000s)	Days		Date	Comments
US Inland Barges
	1	Hercules 17	Posted — 3000 hp, TD	US Inland Gulf Coast	Ready Stacked					Previous contract ended January 28, 2011
	2	Hercules 41	Posted — 3000 hp, TD	US Inland Gulf Coast	Quest	17-19		31	03/19/11	Contract commenced January 19, 2011
	3	Hercules 49	Posted — 3000 hp, TD	US Inland Gulf Coast	McMoran	25-27		13	03/01/11
						Average		15	days
	4	Hercules 01	Conv — 2000 hp	US Inland Gulf Coast	Cold Stacked 10/08
	5	Hercules 09	Posted — 2000 hp, TD	US Inland Gulf Coast	Cold Stacked 05/09
	6	Hercules 11	Conv — 3000 hp, TD	US Inland Gulf Coast	Cold Stacked 02/09
	7	Hercules 15	Conv — 2000 hp	US Inland Gulf Coast	Cold Stacked 12/08
	8	Hercules 19	Conv — 1000 hp	US Inland Gulf Coast	Cold Stacked 01/09
	9	Hercules 27	Posted — 3000 hp, TD	US Inland Gulf Coast	Cold Stacked 01/09
	10	Hercules 28	Conv — 3000 hp	US Inland Gulf Coast	Cold Stacked 05/08
	11	Hercules 29	Conv — 3000 hp, TD	US Inland Gulf Coast	Cold Stacked 03/09
	12	Hercules 46	Posted — 3000 hp, TD	US Inland Gulf Coast	Cold Stacked 01/09
	13	Hercules 48	Posted — 3000 hp, TD	US Inland Gulf Coast	Cold Stacked 03/09
	14	Hercules 52	Posted — 2000 hp, TD	US Inland Gulf Coast	Cold Stacked 01/09
	15	Hercules 55	Posted — 2000 hp, TD	US Inland Gulf Coast	Cold Stacked 01/09
	16	Hercules 57	Posted — 3000 hp, TD	US Inland Gulf Coast	Cold Stacked 03/09
	17	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” may have a reduced number of crew, but only 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, or 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, although the average dayrate over the term of the contract will be lower and could be substantially lower. 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. In certain cases under our Inland Barge contracts dayrates include revenue for other vessels and services provided by Delta Towing. The dayrates do not include lump sum amounts reimbursable from the client, bonuses that are considered revenue under generally accepted accounting principles, or revenue already included in other Hercules business segments.
(3)	Estimated contract duration is an estimate based on current belief by our customer as to the remaining days to complete the project, subject to the satisfaction of regulatory and permitting requirements that are in effect.

Page 3 of 4

Hercules Offshore
Liftboat Fleet Status Report
for the month ended
January 31, 2011

Leg Length/			Actively		Revenue Per
Liftboat Class	Total Number		Marketed		Day Per		Operating
(Feet)	of Liftboats		Liftboats(1)		Liftboat(2)		Days		Utilization(3)			Comments
Gulf of Mexico
230		2		2	$	23,981		15		24	%	One vessel in drydock in January
170-215		4		4		13,469		102		82	%	Two vessels in drydock in February
140-150		6		6		7,894		90		48	%	Two vessels in drydock in January and February
120-130		14		13		5,726		145		36	%	Three vessels in drydock in January and one vessel in drydock in February
105		15		13		4,837		80		20	%	Two vessels in drydock in January and one vessel in drydock in February
Sub-total/Average		41		38	$	8,475		432		37	%
International
230-260		2		2	$	55,500		18		29	%	One vessel in drydock in February
170-215		7		7		36,630		126		58	%	Two vessels in drydock in February
140-150		4		4		15,191		120		97	%
120-130		7		7		10,536		130		60	%	Two vessels in drydock in January and one vessel in drydock in February
105		4		3		9,966		30		32	%
Sub-total/Average		24		23	$	21,476		424		59	%
Total/Average		65		61	$	14,915		856		45	%

(1)	Actively marketed liftboats excludes three GOM cold-stacked liftboats and one Nigeria cold-stacked liftboat.
(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 the regulatory uncertainty 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, operational difficulties, shipyard and other delays, the ability of our customers to obtain permits for contracted work or otherwise satisfy regulatory requirements which are then in effect, 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 4 of 4