<HTML>
<HEAD>
<TITLE>Filed by Bowne Pure Compliance</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV style="font-size: 10pt">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): November 3, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>Helix Energy Solutions Group, Inc.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Minnesota</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-32936</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>95-3409686</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>400 N. Sam Houston Parkway E., Suite 400<BR>Houston, Texas<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>77060</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>281-618-0400</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="justify" style="font-size: 10pt"><B>Item&nbsp;7.01 Regulation&nbsp;FD Disclosure.</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">During the month of November&nbsp;2008, representatives of Helix Energy Solutions Group, Inc. (&#147;Helix&#148;) will make
presentations to certain third parties, including analysts, investors and potential investors. The presentation
materials to be delivered by Helix in connection with presentations are attached hereto as Exhibit&nbsp;99.1 and
incorporated by reference herein. The presentation materials will also be posted beginning on November&nbsp;3, 2008 in the
<I>Presentations </I>section under <I>Investor Relations </I>of Helix&#146;s website, <U>www.helixesg.com</U>.


<P align="justify" style="font-size: 10pt; text-indent: 4%">This information is not deemed to be &#147;filed&#148; for the purposes of Section&nbsp;18 of the Securities Exchange Act of
1934, as amended (&#147;Exchange Act&#148;), or otherwise subject to the liabilities of that section, and such information is not
incorporated by reference into any registration statements or other document filed under the Securities Act of 1933, as
amended (&#147;Securities Act&#148;), or the Exchange Act, regardless of the general incorporation language contained in such
filing, except as shall be expressly set forth by specific reference to this filing.


<P align="justify" style="font-size: 10pt">Forward-Looking Statements and Assumptions


<P align="justify" style="font-size: 10pt; text-indent: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Report on Form 8-K, including any exhibits included herein, contains various statements that
contain forward-looking information regarding Helix Energy Solutions Group, Inc. and represent our expectations or
beliefs concerning future events. This forward-looking information is intended to be covered by the safe harbor for
&#147;forward-looking statements&#148; provided by the Private Securities Litigation Reform Act of 1995 as set forth in
Section&nbsp;27A of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities Exchange Act of 1934, as
amended (the &#147;Exchange Act&#148;). All statements that are predictive in nature, that depend upon or refer to future events
or conditions, or that use terms and phrases such as &#147;achieve,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;expect,&#148;
&#147;forecast,&#148; &#147;plan,&#148; &#147;project,&#148; &#147;propose,&#148; &#147;strategy,&#148; &#147;predict,&#148; &#147;envision,&#148; &#147;hope,&#148; &#147;intend,&#148; &#147;will,&#148; &#147;continue,&#148;
&#147;may,&#148; &#147;potential,&#148; &#147;achieve,&#148; &#147;should,&#148; &#147;could&#148; and similar terms and phrases are forward-looking statements. Included
in forward-looking statements are, among other things: &nbsp;


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding our anticipated production volumes, results of exploration, exploitation,
development, acquisition or operations expenditures, and current or prospective reserve levels, with
respect to any property or well;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements relating to our proposed acquisition, exploration, development and/or production of
oil and gas properties, prospects or other interests and any anticipated costs related thereto;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements relating to the construction or acquisition of vessels or equipment and any
anticipated costs related thereto;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements that our proposed vessels, when completed, will have certain characteristics or the
effectiveness of such characteristics;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding projections of revenues, gross margin, expenses, earnings or losses,
working capital or other financial items;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding our business strategy, our business plans or any other plans, forecasts
or objectives, any or all of which is subject to change; and</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding anticipated developments, industry trends, performance or industry
ranking.</DIV></TD>
</TR>




</TABLE>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>


<P align="justify" style="font-size: 10pt; text-indent: 4%">Although we believe that the expectations reflected in these forward-looking statements are reasonable and are
based on reasonable assumptions, they do involve risks, uncertainties and other factors that could cause actual results
to be materially different from those in the forward-looking statements. These factors include, among other things:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">uncertainties inherent in the development and production of oil and gas and in estimating
reserves;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">uncertainties regarding our ability to replace depletion;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">unexpected future capital expenditures (including the amount and nature thereof);</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">impact of oil and gas price fluctuations and the cyclical nature of the oil and gas industry;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the effects of indebtedness, which could adversely restrict our ability to operate, could make
us vulnerable to general adverse economic and industry conditions, could place us at a competitive
disadvantage compared to our competitors that have less debt and could have other adverse consequences;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the success of our derivative activities;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the results of our continuing efforts to control or reduce costs, and improve performance;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the success of our risk management activities;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the effects of competition;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the availability (or lack thereof) of capital (including any financing) to fund our business
strategy and/or operations and the terms of any such financing;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the impact of current and future laws and governmental regulations including tax and
accounting developments;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the effect of adverse weather conditions or other risks associated with marine operations;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the effect of environmental liabilities that are not covered by an effective indemnity or
insurance;</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the potential impact of a loss of one or more key employees; and</DIV></TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the impact of general economic, market, industry or business conditions.</DIV></TD>
</TR>

</TABLE>


<P align="justify" style="font-size: 10pt; text-indent: 4%">Our actual results could differ materially from those anticipated in these forward-looking statements as a result
of the risk and uncertainties set forth above as well as those described under the heading &#147;Risk Factors&#148; in our Annual
Report on Form 10-K for the year ended December&nbsp;31, 2007 and our subsequent periodic reports. All forward-looking
statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these risk
factors. These risk factors are not intended to be a discussion of all potential risks and uncertainties as it is not
possible to predict or identify all risk factors. Although we believe the expectations reflected in the
forward-looking statements are based upon reasonable assumptions, we can give no assurance that we will attain these
expectations or that any deviation will not be material. All forward-looking statements in this report are based upon
information available to us on the date of this report. You should not place undue reliance on these forward-looking
statements. Forward-looking statements are only as of the date they are made, and other than as required under the
securities laws, we assume no obligation to update or revise these forward-looking statements or provide reasons why
actual results may differ.

<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="justify" style="font-size: 10pt">Reconciliation of Non-GAAP Financial Measures


<P align="justify" style="font-size: 10pt; text-indent: 4%">In addition to net income, we evaluate our financial performance based on other factors, one primary measure of
which is earnings before net interest expense, taxes, depreciation, amortization and exploration expenses (adjusted
EBITDAX). We calculate adjusted EBITDAX as earnings before net interest expense, taxes, depreciation and amortization,
exploration expense. Further, we reduce adjusted EBITDAX for the minority interest in Cal Dive International, Inc. that
we do not own. Adjusted EBITDAX margin is defined as adjusted EBITDAX divided by net revenues. These non-GAAP measures
are useful to investors and other internal and external users of our financial statements in evaluating our operating
performance because they are widely used by investors in our industry to measure a company&#146;s operating performance
without regard to items which can vary substantially from company to company and help investors meaningfully compare
our results from period to period. Adjusted EBITDAX should not be considered in isolation or as a substitute for, but
instead is supplemental to, income from operations, net income or other income data prepared in accordance with GAAP.
Non-GAAP financial measures should be viewed in addition to, and not as an alternative to income from operations, net
income and other income data included in our reported results prepared in accordance with GAAP. Non-GAAP financial
measures should be viewed in addition to, and not as an alternative to our reported results prepared in accordance with
GAAP. Users of this financial information should consider the types of events and transactions which are excluded.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The Reconciliation of Non-GAAP Measures related to the presentation materials to be delivered to third parties are
attached hereto as Exhibit&nbsp;99.2 and incorporated by reference herein. The Reconciliation of Non-GAAP Measures will also
be posted in the Investor Relations section of Helix&#146;s website, www.helixesg.com.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify"><I>Exhibits.</I></DIV></TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="80%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Number
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000" align="left" valign="top">Description</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Company Update Presentation.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reconciliation of Non-GAAP Measures.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="justify" style="font-size: 10pt"><B>SIGNATURES</B>


<P align="justify" style="font-size: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.


<P align="justify" style="font-size: 10pt">Date: November&nbsp;3, 2008


<P align="justify" style="font-size: 10pt; margin-left: 46%; font-size: 10pt">HELIX ENERGY SOLUTIONS GROUP, INC.


<P align="justify" style="font-size: 10pt; margin-left: 46%; font-size: 10pt">By: <U><B>/</B>s/ Anthony Tripodo&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Anthony Tripodo<BR>
Executive Vice President and Chief Financial Officer<BR>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="center" style="font-size: 10pt"><B>Index to Exhibits</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="72%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;No.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Description</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Company Update Presentation.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Reconciliation of Non-GAAP Measures.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">6




</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c76591e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 27792}]
{"company-data": {"conformed-name": "HELIX ENERGY SOLUTIONS GROUP INC", "cik": "0000866829", "assigned-sic": "1389", "irs-number": "953409686", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32936", "film-number": "081158562"}, "business-address": {"street1": "400 N SAM HOUSTON PKWY E", "street2": "SUITE 400", "city": "HOUSTON", "state": "TX", "zip": "77060", "phone": "2816180400"}, "mail-address": {"street1": "400 N SAM HOUSTON PKWY E", "street2": "SUITE 400", "city": "HOUSTON", "state": "TX", "zip": "77060"}, "former-company": {"former-conformed-name": "CAL DIVE INTERNATIONAL INC", "date-changed": "19960821"}}
Filed by Bowne Pure Compliance
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): November 3, 2008
Helix Energy Solutions Group, Inc.
(Exact name of registrant as specified in its charter)
Minnesota
001-32936
95-3409686
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
400 N. Sam Houston Parkway E., Suite 400
Houston, Texas
77060
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
281-618-0400
(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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
During the month of November 2008, representatives of Helix Energy Solutions Group, Inc. ("Helix") will make
presentations to certain third parties, including analysts, investors and potential investors. The presentation
materials to be delivered by Helix in connection with presentations are attached hereto as Exhibit 99.1 and
incorporated by reference herein. The presentation materials will also be posted beginning on November 3, 2008 in the
Presentations
section under
Investor Relations
of Helix's website,
www.helixesg.com
.
This information is not deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section, and such information is not
incorporated by reference into any registration statements or other document filed under the Securities Act of 1933, as
amended ("Securities Act"), or the Exchange Act, regardless of the general incorporation language contained in such
filing, except as shall be expressly set forth by specific reference to this filing.
Forward-Looking Statements and Assumptions
This Report on Form 8-K, including any exhibits included herein, contains various statements that
contain forward-looking information regarding Helix Energy Solutions Group, Inc. and represent our expectations or
beliefs concerning future events. This forward-looking information is intended to be covered by the safe harbor for
"forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995 as set forth in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). All statements that are predictive in nature, that depend upon or refer to future events
or conditions, or that use terms and phrases such as "achieve," "anticipate," "believe," "estimate," "expect,"
"forecast," "plan," "project," "propose," "strategy," "predict," "envision," "hope," "intend," "will," "continue,"
"may," "potential," "achieve," "should," "could" and similar terms and phrases are forward-looking statements. Included
in forward-looking statements are, among other things:
•
statements regarding our anticipated production volumes, results of exploration, exploitation,
development, acquisition or operations expenditures, and current or prospective reserve levels, with
respect to any property or well;
•
statements relating to our proposed acquisition, exploration, development and/or production of
oil and gas properties, prospects or other interests and any anticipated costs related thereto;
•
statements relating to the construction or acquisition of vessels or equipment and any
anticipated costs related thereto;
•
statements that our proposed vessels, when completed, will have certain characteristics or the
effectiveness of such characteristics;
•
statements regarding projections of revenues, gross margin, expenses, earnings or losses,
working capital or other financial items;
•
statements regarding our business strategy, our business plans or any other plans, forecasts
or objectives, any or all of which is subject to change; and
•
statements regarding anticipated developments, industry trends, performance or industry
ranking.
Although we believe that the expectations reflected in these forward-looking statements are reasonable and are
based on reasonable assumptions, they do involve risks, uncertainties and other factors that could cause actual results
to be materially different from those in the forward-looking statements. These factors include, among other things:
•
uncertainties inherent in the development and production of oil and gas and in estimating
reserves;
•
uncertainties regarding our ability to replace depletion;
•
unexpected future capital expenditures (including the amount and nature thereof);
•
impact of oil and gas price fluctuations and the cyclical nature of the oil and gas industry;
•
the effects of indebtedness, which could adversely restrict our ability to operate, could make
us vulnerable to general adverse economic and industry conditions, could place us at a competitive
disadvantage compared to our competitors that have less debt and could have other adverse consequences;
•
the success of our derivative activities;
•
the results of our continuing efforts to control or reduce costs, and improve performance;
•
the success of our risk management activities;
•
the effects of competition;
•
the availability (or lack thereof) of capital (including any financing) to fund our business
strategy and/or operations and the terms of any such financing;
•
the impact of current and future laws and governmental regulations including tax and
accounting developments;
•
the effect of adverse weather conditions or other risks associated with marine operations;
•
the effect of environmental liabilities that are not covered by an effective indemnity or
insurance;
•
the potential impact of a loss of one or more key employees; and
•
the impact of general economic, market, industry or business conditions.
Our actual results could differ materially from those anticipated in these forward-looking statements as a result
of the risk and uncertainties set forth above as well as those described under the heading "Risk Factors" in our Annual
Report on Form 10-K for the year ended December 31, 2007 and our subsequent periodic reports. All forward-looking
statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these risk
factors. These risk factors are not intended to be a discussion of all potential risks and uncertainties as it is not
possible to predict or identify all risk factors. Although we believe the expectations reflected in the
forward-looking statements are based upon reasonable assumptions, we can give no assurance that we will attain these
expectations or that any deviation will not be material. All forward-looking statements in this report are based upon
information available to us on the date of this report. You should not place undue reliance on these forward-looking
statements. Forward-looking statements are only as of the date they are made, and other than as required under the
securities laws, we assume no obligation to update or revise these forward-looking statements or provide reasons why
actual results may differ.
Reconciliation of Non-GAAP Financial Measures
In addition to net income, we evaluate our financial performance based on other factors, one primary measure of
which is earnings before net interest expense, taxes, depreciation, amortization and exploration expenses (adjusted
EBITDAX). We calculate adjusted EBITDAX as earnings before net interest expense, taxes, depreciation and amortization,
exploration expense. Further, we reduce adjusted EBITDAX for the minority interest in Cal Dive International, Inc. that
we do not own. Adjusted EBITDAX margin is defined as adjusted EBITDAX divided by net revenues. These non-GAAP measures
are useful to investors and other internal and external users of our financial statements in evaluating our operating
performance because they are widely used by investors in our industry to measure a company's operating performance
without regard to items which can vary substantially from company to company and help investors meaningfully compare
our results from period to period. Adjusted EBITDAX should not be considered in isolation or as a substitute for, but
instead is supplemental to, income from operations, net income or other income data prepared in accordance with GAAP.
Non-GAAP financial measures should be viewed in addition to, and not as an alternative to income from operations, net
income and other income data included in our reported results prepared in accordance with GAAP. Non-GAAP financial
measures should be viewed in addition to, and not as an alternative to our reported results prepared in accordance with
GAAP. Users of this financial information should consider the types of events and transactions which are excluded.
The Reconciliation of Non-GAAP Measures related to the presentation materials to be delivered to third parties are
attached hereto as Exhibit 99.2 and incorporated by reference herein. The Reconciliation of Non-GAAP Measures will also
be posted in the Investor Relations section of Helix's website, www.helixesg.com.
Item 9.01 Financial Statements and Exhibits.
(c)
Exhibits.
Number
Description
99.1
Company Update Presentation.
99.2
Reconciliation of Non-GAAP Measures.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 3, 2008
HELIX ENERGY SOLUTIONS GROUP, INC.
By:
/
s/ Anthony Tripodo
Anthony Tripodo
Executive Vice President and Chief Financial Officer
Index to Exhibits
Exhibit No.
Description
99.1
Company Update Presentation.
99.2
Reconciliation of Non-GAAP Measures.