<PAGE> 1
=============================================================================
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): November 23, 1994
Commission File Number: 0-18309
______________
MARINE DRILLING COMPANIES, INC.
(Exact name of registrant as specified in its charter)
TEXAS 74-2558926
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
14141 SOUTHWEST FREEWAY, SUITE 2500, SUGAR LAND, TEXAS 77478-3435
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 491-2002
_______________________________________________________________________________
(Former name if changed since last report)
_______________________________________________________________________________
(Former address if changed since last report)
==============================================================================
<PAGE> 2
ITEM 5. OTHER EVENTS
A. On November 21, 1994, the Company consummated the previously
announced acquisition of the MARINE 3 jack-up drilling rig.
In lieu of utilizing its Common Stock as consideration for
the purchase, the Company elected to acquire the rig for cash
in the amount of $5,500,000. This election was made in
light of recent weakness in the Company's Common Stock price
and the ongoing merger discussions with Falcon Drilling
Company, Inc.
-2-
<PAGE> 3
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.
MARINE DRILLING COMPANIES, INC.
(Registrant)
Date: November 23, 1994 By: /s/ WILLIAM H. FLORES
---------------------------------------
William H. Flores
Senior Vice President -
Chief Financial Officer and Director
(Principal Financial Officer)
Date: November 23, 1994 By: /s/ JOAN R. SMITH
---------------------------------------
Joan R. Smith
Vice President, Controller and Secretary
(Principal Accounting Officer)
-3-
