Looks like the author is just making things up. Seeking Alpha really should put in a fact-checker or stop posting blog pieces under Headlines.
It references sixteen ships including three ships under construction; there are seventeen with four under construction as of June 2013 (although two have been cold-stacked for a long time and one, the Seahawk, is, I believe, actively getting shopped to sell, not lease).
It references three underwater drilling competitors. There are more than three. It doesn't mention PACD or ORIG among others. Several of them are leveraged nightmares in my opinion but there are more than three.
It references two ultradeepwater rigs being completed this year with a third on the way. In 2013, ATW has delivered the Orca (shallow water jackup). The Osprey (ultradeepwater semisubmersible) was delivered in 2011; the Condor (ultradeepwater semisubmersible) in 2012; the Mako(shallow water jackup) in 2012; and the Manta (shallow water jackup) in 2012. There are four ultradeepwater drillships under construction, none of which has been delivered yet but all of which will be delivered within 27 months.
I happen to agree with a $100+ 2 year price projection but that's based on current data, not wrong data.