Hercules Offshore owns a fleet of eight jackup drilling rigs and 39 liftboats. Through its two operating subsidiaries, Hercules Drilling Company and Hercules Liftboat Company, the company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in shallow waters. Hercules Offshore was formed in July 2004 with equity capital from Lime Rock Partners, a private equity firm based in Westport, Connecticut, and additional equity capital from Greenhill Capital Partners, a private equity firm based in New York.