<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-08-27</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000320186</issuerCik><issuerName>GREY WOLF INC</issuerName>        <issuerTradingSymbol>gw</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001249193</rptOwnerCik><rptOwnerName>NELSON JAMES K B</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>10370 RICHMOND</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>HOUSTON</rptOwnerCity><rptOwnerState>TX</rptOwnerState><rptOwnerZipCode>77042</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Grey Wolf, Inc. - Common Stock</value></securityTitle><transactionDate><value>2003-08-27</value></transactionDate><deemedExecutionDate></deemedExecutionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>G</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionTimeliness><value>E</value></transactionTimeliness><transactionAmounts><transactionShares><value>13000</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1601500</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><footnotes></footnotes><remarks></remarks><ownerSignature><signatureName>James K.B. Nelson</signatureName><signatureDate>2003-09-16</signatureDate></ownerSignature></ownershipDocument>

