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) June
1, 2007
TODCO
(Exact
name of registrant as specified in its charter)
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Delaware
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1-31983
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76-0544217
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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2000
W. Sam Houston Parkway South, Suite 800, Houston, Texas
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77042-3615
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (713)
278-6000
(Former
name or former address, if changed since last report)
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):
[
] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
] Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[
] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[
] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
204.13e-4(c))
ITEM
7.01
REGULATION
FD DISCLOSURE
The
Registrant hereby incorporates by reference into this Item 7.01 the monthly
rig
status report, as of June 1, 2007, of the Registrant attached as Exhibit 99.1
which is being furnished in accordance with Rule 101(e)(1) under Regulation
FD
and shall not be deemed to be filed.
Statements
in this report that contain “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, include, but are not limited to,
statements regarding the current term, start and end dates and comments
concerning future contracts and availability and other aspects of the
Registrant’s drilling rigs. Such statements are inherently subject to a variety
of risks and uncertainties that could cause actual results to differ materially
from those anticipated or projected. A discussion of the risk factors that
could
impact these areas and the Registrant’s overall business and financial
performance can be found in the Registrant’s reports and other documents filed
with the Securities and Exchange Commission. These factors include, among
others, early termination by the customer pursuant to the contract or otherwise,
cancellation or completion of certain contracts or projects earlier than
expected, operating hazards, general economic and business conditions, casualty
losses, industry fleet capacity, changes in foreign and domestic oil and gas
exploration and production activity, competition, changes in foreign, political,
social and economic conditions, regulatory initiatives and compliance with
governmental regulations, customer preferences and various other matters, many
of which are beyond the registrant’s control. Given these concerns, investors
and analysts should not place undue reliance on forward-looking statements.
Each
forward-looking statement speaks only as of the date of the rig status report,
and the Registrant undertakes no obligation to publicly update or revise any
forward-looking statement.
ITEM
9.01. FINANCIAL
STATEMENTS AND EXHIBITS
Exhibit
number Description
99.1 Monthly
Rig Status Report as of June 1, 2007
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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TODCO
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By:
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/s/
Dale
Wilhelm
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Dale
Wilhelm
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Vice
President & Chief Financial
Officer
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Dated: June
1,
2007
EXHIBIT
INDEX
Exhibit
number Description
99.1
Monthly
Rig Status Report as of June 1, 2007