##### 



(TODCO LOGO)
    
    TODCO
Monthly Rig Status Report
as of
April 2, 2007
 Contract (2)
    
    Est. Duration (2)Rig Name
    
    Rig Type
    
    Status (1)
    
    Customer
    
    Type
    
    Dayrate ($000s)
    
    Days
    
    Date
    
    CommentsUS Inland Barges1
    
    Rig 01
    
    Conv  2000 hp
    
    Idle
    
    
    
    
    
    
    
    
    
    
    
    
    
    Rig offhire 19 days March2
    
    Rig 07
    
    Posted  2000 hp
    
    Cold Stacked 03/023
    
    Rig 09
    
    Posted  2000 hp, TD
    
    Operating
    
    Red Willow Offshore, LLC
    
    term
    
    High $60s
    
    
    341
    
    
    03/08/084
    
    Rig 10
    
    Posted  2000 hp
    
    Cold Stacked 03/025
    
    Rig 11
    
    Conv  3000 hp, TD
    
    Operating
    
    Pel-Tex Oil Co., LLC
    
    one well
    
    Low $40s
    
    
    29
    
    
    05/01/076
    
    Rig 15
    
    Conv  2000 hp
    
    Operating
    
    Swift Energy Company
    
    term
    
    Mid $30s
    
    
    61
    
    
    06/02/077
    
    Rig 17
    
    Posted  3000 hp, TD
    
    Idle
    
    
    
    
    
    
    
    
    
    
    
    
    
    Rig offhire 9 days March8
    
    Rig 19
    
    Conv  1000 hp
    
    Operating
    
    Swift Energy Company
    
    term
    
    Low $30s
    
    
    28
    
    
    04/30/079
    
    Rig 20
    
    Conv  1000 hp
    
    Cold Stacked 09/0310
    
    Rig 21
    
    Conv  1500 hp
    
    Cold Stacked 07/9911
    
    Rig 23
    
    Conv  1000 hp
    
    Cold Stacked 03/0212
    
    Rig 27
    
    Posted  3000 hp, TD
    
    Operating
    
    ADTI
    
    one well
    
    Low $60s
    
    
    18
    
    
    04/20/0713
    
    Rig 28
    
    Conv  3000 hp
    
    Operating
    
    Swift Energy Company
    
    term
    
    Mid $30s
    
    
    28
    
    
    04/30/07Shipyard
    
    
    
    
    
    
    
    
    36
    
    
    06/05/0714
    
    Rig 29
    
    Conv  3000 hp, TD
    
    Operating
    
    ADTI
    
    one well
    
    Low $60s
    
    
    4
    
    
    04/06/0715
    
    Rig 30
    
    Conv  3000 hp
    
    Cold Stacked 03/0216
    
    Rig 31
    
    Conv  3000 hp
    
    Cold Stacked 03/0217
    
    Rig 32
    
    Conv  3000 hp
    
    Cold Stacked 12/0318
    
    Rig 41
    
    Posted  3000 hp, TD
    
    Operating
    
    Castex Energy
    
    term
    
    Mid $40s
    
    
    36
    
    
    05/08/0719
    
    Rig 46
    
    Posted  3000 hp, TD
    
    Idle
    
    
    
    
    
    
    
    
    
    
    
    
    
    Rig offhire 8 days March20
    
    Rig 47
    
    Posted  3000 hp
    
    Cold Stacked 02/9821
    
    Rig 48
    
    Posted  3000 hp, TD
    
    Operating
    
    Energy XXI Services, LLC
    
    term
    
    High $40s
    
    
    150
    
    
    08/30/0722
    
    Rig 49
    
    Posted  3000 hp, TD
    
    Shipyard
    
    
    
    
    
    
    
    
    22
    
    
    04/24/07Operating
    
    Energy XXI Services, LLC
    
    term
    
    Mid $40s
    
    
    139
    
    
    08/19/0723
    
    Rig 52
    
    Posted  2000 hp, TD
    
    Idle
    
    
    
    
    
    
    
    
    
    
    
    
    
    Rig offhire 15 days March24
    
    Rig 55
    
    Posted  3000 hp, TD
    
    Operating
    
    Energy Partners, Limited
    
    term
    
    Low $40s
    
    
    81
    
    
    06/22/0725
    
    Rig 57
    
    Posted  2000 hp, TD
    
    Idle
    
    
    
    
    
    
    
    
    
    
    
    
    
    Rig offhire 4 days March26
    
    Rig 61
    
    Posted  3000 hp
    
    Cold Stacked 02/9827
    
    Rig 64
    
    Posted  3000 hp, TD
    
    Operating
    
    Denbury Onshore LLC
    
    term
    
    Low $40s
    
    
    8
    
    
    04/10/07term
    
    Low $40s
    
    
    90
    
    
    07/09/07Average
    
    
    62
    
    
    days
 Page 1 of 3




---



##### 



(TODCO LOGO)
    
    TODCO
Monthly Rig Status Report
as of
April 2, 2007
 Contract (2)
    
    Est. Duration (2)Rig Name
    
    Rig Type
    
    Status (1)
    
    Customer
    
    Type
    
    Dayrate ($000s)
    
    Days
    
    Date
    
    CommentsUS Gulf of Mexico1
    
    THE 75
    
    Submersible, TD
    
    Operating
    
    Hydro Gulf of Mexico, LLC
    
    one well
    
    Low $100s
    
    
    11
    
    
    04/13/07ADTI
    
    one well
    
    Low $70s
    
    
    55
    
    
    06/07/072
    
    THE 77
    
    Submersible, TD
    
    Operating
    
    Plains Exploration & Production Co.
    
    term
    
    High $80s
    
    
    66
    
    
    06/07/073
    
    THE 78
    
    Submersible, TD
    
    Operating
    
    Energy Partners Limited
    
    term
    
    Mid $110s
    
    
    47
    
    
    05/19/074
    
    THE 150
    
    150'  ILC, TD
    
    Operating
Shipyard
    
    Apache Corp
    
    term
    
    Low $90s
    
    
    5
24
    
    
    04/07/07
05/01/075
    
    THE 152
    
    150'  MC, TD
    
    Operating
Shipyard
    
    Hunt Oil
    
    one well
    
    Low $70s
    
    
    2
30
    
    
    04/04/07
05/04/076
    
    THE 153
    
    150'  MC, TD
    
    Idle7
    
    THE 155
    
    150'  ILC
    
    Cold Stacked 07/018
    
    THE 191
    
    160'  MS
    
    Cold Stacked 08/019
    
    THE 200
    
    200'  MC, TD
    
    Shipyard
    
    
    
    
    
    
    
    
    28
    
    
    04/30/07
    
    One well with Royal Production moved to THE 20110
    
    THE 201
    
    200'  MC, TD
    
    Operating
    
    Royal Production
    
    two wells
    
    Mid $70s
    
    
    28
    
    
    04/30/0711
    
    THE 202
    
    200'  MC, TD
    
    Operating
    
    El Paso E&P Company L.P.
    
    one well
    
    Low $80s
    
    
    15
    
    
    04/17/07Medco Energy
    
    two wells
    
    Low $80s
    
    
    48
    
    
    06/04/0712
    
    THE 203
    
    200'  MC, TD
    
    Operating
    
    Energy XXI Services, LLC
    
    term
    
    Low $70s
    
    
    86
    
    
    06/27/0713
    
    THE 204
    
    200'  MC, TD
    
    Idle
Operating
    
    Apache Corp
    
    term
    
    Mid $110s
    
    
    180
    
    
    04/07/07
10/04/07
    
    Rig offhire 11 days March14
    
    THE 207
    
    200'  MC, TD
    
    Operating
    
    Medco Energy
    
    three wells
    
    Low $70s
    
    
    52
    
    
    05/24/0715
    
    THE 250
    
    250'  MS, TD
    
    Operating
    
    LLOG
    
    four wells
    
    Low $70s
    
    
    54
    
    
    05/26/0716
    
    THE 251
    
    250'  MS, TD
    
    Operating
    
    Royal Production
    
    one well
    
    Mid $70s
    
    
    11
    
    
    04/13/0717
    
    THE 252
    
    250'  MS, TD
    
    Operating
    
    ADTI
    
    one well
    
    Mid $80s
    
    
    4
    
    
    04/06/07Arena Offshore
    
    term
    
    Mid $80s
    
    
    113
    
    
    07/28/0718
    
    THE 253
    
    250'  MS, TD
    
    Operating
    
    Tana Exploration Company
    
    term
    
    Mid $70s
    
    
    7
    
    
    04/09/0719
    
    THE 254
    
    250'  MS
    
    Cold Stacked 07/0120
    
    THE 255
    
    250'  MS
    
    Cold Stacked 07/0121
    
    THE 256
    
    250'  MS, TD
    
    Cold Stacked 03/99Average
    
    
    51
    
    
    daysLand Rigs  Texas1
    
    Rig #26
    
    750 hp
    
    Reactivating
    
    
    
    
    
    
    
    
    
    
    
    
    
    Available to start April 20072
    
    Rig #27
    
    900 hp
    
    Idle
 Page 2 of 3




---



##### 



(TODCO LOGO)
    
    TODCO
Monthly Rig Status Report
as of
April 2, 2007
 Contract (2)
    
    Est. Duration (2)Rig Name
    
    Rig Type
    
    Status (1)
    
    Customer
    
    Type
    
    Dayrate ($000s)
    
    Days
    
    Date
    
    CommentsMexico1
    
    THE 205
    
    200'  MC, TD
    
    Shipyard
Operating
    
    PEMEX
    
    term
    
    
    
    
    730
    
    
    
    
    Repairs complete in MayOfficial
start early Q4, but discussing
earlier start; Dayrate adjusts quarterly to
published GOM index for 200' Mat Cantilever +
$20,0002
    
    THE 206
    
    200'  MC, TD
    
    Operating
    
    PEMEX
    
    term
    
    Mid $60s
    
    
    83
    
    
    06/24/07term
    
    Low $110s
    
    
    730
    
    
    06/23/093
    
    Platform 3
    
    Platform, TD
    
    Operating
    
    PEMEX
    
    term
    
    High $20s
    
    
    392
    
    
    04/28/08Average
    
    
    645
    
    
    daysAngola1
    
    THE 185
    
    120'  ILC, TD
    
    Operating
    
    Angola Drilling Company Ltd
    
    term
    
    High $50s
    
    
    139
    
    
    08/19/07Average
    
    
    139
    
    
    daysBrazil1
    
    THE 156
    
    150'  ILC, TD
    
    Operating
    
    El Paso Oleo E Gas Do Brasil Ltda
    
    two wells
    
    Mid $70s
    
    
    120
    
    
    07/31/07Average
    
    
    120
    
    
    daysMalaysia1
    
    THE 208
    
    200'  MC
    
    Reactivating
    
    Murphy
    
    term
    
    Low $110s
    
    
    1,095
    
    
    
    
    Rig in SingaporeAverage
    
    
    1,095
    
    
    daysTrinidad1
    
    THE 110
    
    100'  MC, TD
    
    Operating
    
    Trinmar
    
    term
    
    Low $50s
    
    
    382
    
    
    04/18/082
    
    Cliffs #36
    
    2000 hp, TD
    
    Operating
    
    Talisman Trinidad
    
    one well
    
    Low $30s
    
    
    92
    
    
    07/03/07Average
    
    
    237
    
    
    daysVenezuela1
    
    Cliffs #37
    
    2000 hp, TDr
    
    Operating
    
    PDVSA
    
    one well
    
    High $20s
    
    
    8
    
    
    04/10/072
    
    Cliffs #40
    
    2000 hp, TD
    
    Operating
    
    PDVSA
    
    term
    
    Mid $30s
    
    
    360
    
    
    03/27/08
    
    Execution of 1 year term contract pending3
    
    Cliffs #42
    
    2000 hp, TD
    
    Operating
    
    PDVSA
    
    term
    
    Mid $30s
    
    
    347
    
    
    03/14/08
    
    Execution of 1 year term contract pending4
    
    Cliffs #43
    
    2000 hp, TDr
    
    Operating
    
    PDVSA
    
    one well
    
    Mid $20s
    
    
    3
    
    
    04/05/075
    
    Cliffs #54
    
    3000 hp, TD
    
    Operating
    
    PDVSA
    
    one well
    
    Mid $30s
    
    
    3
    
    
    04/05/076
    
    Cliffs #55
    
    3000 hp, TD
    
    Operating
    
    PDVSA
    
    one well
    
    Mid $30s
    
    
    13
    
    
    04/15/07Average
    
    
    122
    
    
    days
 
 (1)
    
    Rigs described as operating are under contract while rigs described as idle are not under
contract but generally are 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.(2)
    
    Contract dayrates shown in the table above are contract operating dayrates. These rates do
not
include lump sum amounts reimbursable from the client for mobilization costs or bonuses that are
considered revenue under generally accepted accounting principles. Estimated contract duration is
an estimate based on current belief by our customer as to the remaining days to complete the
project.Forward-looking Statement:The information in this report contains 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 comments pertaining to estimated contract duration and dayrates.
Such statements are subject to risks, uncertainties and assumptions, including but not limited to
early termination by the customer pursuant to the contract or otherwise, cancellation or completion
of certain contracts or projects earlier than expected, operating hazards and other factors
described in TODCOs Annual Report on Form 10-K filed on February 28, 2006 and other filings with
the Securities and Exchange Commission (SEC), which are available free of charge on the SECs
website at www.sec.gov. TODCO 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 3 of 3