<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-11-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001330849</issuerCik>
        <issuerName>HERCULES OFFSHORE, INC.</issuerName>
        <issuerTradingSymbol>HERO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001292336</rptOwnerCik>
            <rptOwnerName>GREENHILL CAPITAL PARTNERS, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 PARK AVENUE, 23RD FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001292339</rptOwnerCik>
            <rptOwnerName>GCP MANAGING PARTNER, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 PARK AVENUE, 23RD FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001282977</rptOwnerCik>
            <rptOwnerName>GREENHILL &amp; CO INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 PARK AVENUE, 23RD FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001120194</rptOwnerCik>
            <rptOwnerName>GREENHILL CAPITAL PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 PARK AVENUE, 23RD FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock; par value $0.01 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2005-11-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1375931</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>20</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5505419</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Through limited partnerships</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Sale by reporting persons pursuant to the initial public offering (the &quot;IPO&quot;) of the Issuer.</footnote>
        <footnote id="F2">Public offering price.</footnote>
        <footnote id="F3">This Form 4 is being filed by more than one reporting person. Greenhill Capital Partners, LLC, whose sole member is
Greenhill &amp; Co., Inc., is the general partner of GCP Managing Partner, L.P. GCP Managing Partner, L.P. is the managing
general partner of Greenhill Capital Partners, L.P., which sold 851,410 shares of common stock pursuant to the IPO and is
now the record owner of 3,406,690 shares of common stock, Greenhill Capital Partners (Executives), L.P., which sold 131,078
shares of common stock pursuant to the IPO and is now the record owner of 524,472 shares of common stock, Greenhill Capital,
L.P., which sold 271,743 shares of common stock pursuant to the IPO and is now the record owner of 1,087,307 shares of
common stock, and Greenhill Capital Partners (Cayman), L.P., which sold 121,700 shares of common stock pursuant to the IPO
and is now the record owner of 486,950 shares of common stock.</footnote>
        <footnote id="F4">Each reporting person disclaims beneficial ownership of the reported securities except and to the extent of its pecuniary
interest therein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Greenhill Capital Partners, LLC, By: /s/ Robert H. Niehaus, Chairman</signatureName>
        <signatureDate>2005-11-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Greenhill Capital Partners, L.P., By: Greenhill Capital Partners, LLC, its general partner, /s/ Robert H. Niehaus, Chairman</signatureName>
        <signatureDate>2005-11-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Greenhill Capital Partners, L.P., By: GCP Managing Partner L.P., its managing general partner, /s/ Robert H. Niehaus, Chairman</signatureName>
        <signatureDate>2005-11-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Greenhill &amp; Co. Inc., By: /s/ Ulrika Ekman, Managing Director, General Counsel and Secretary</signatureName>
        <signatureDate>2005-11-02</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>GCP Managing Partner L.P., By: Greenhill Capital Partners, LLC, its general partner, /s/ Robert H. Niehaus, Chairman</signatureName>
        <signatureDate>2005-11-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
