<HTML>
<HEAD>
<TITLE>8-K</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): March 4, 2009</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.,<BR>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">

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


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">On March&nbsp;4, 2009, Helix Energy Solutions Group, Inc. (&#147;Helix&#148;) issued a press release
announcing that representatives of Helix will make a presentation on March&nbsp;9, 2009 at the Raymond
James 30th Annual Energy Conference in Orlando, Florida. The press release is attached hereto as
Exhibit&nbsp;99.1 and incorporated by reference herein. The presentation materials to be delivered at
the conference are attached hereto as Exhibit&nbsp;99.2 and incorporated by reference herein. The
presentation materials will also be posted beginning on March&nbsp;9, 2009 in the <I>Presentations </I>section
under <I>Investor Relations </I>of Helix&#146;s website, www.helixesg.com. In addition, the presentation will
be webcast on Helix&#146;s website and a replay is available under <I>Investor Relations </I>on Helix&#146;s website
for seven days.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 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.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Forward-Looking Statements and Assumptions
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">This current report on Form 8-K includes forward-looking statements that contain
forward-looking information regarding Helix and represent our expectations and 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, included herein
or incorporated herein by reference, 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:
</DIV>

<DIV style="margin-top: 10pt">
<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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding our business strategy, including the potential sale of assets and/or
other investments in our subsidiaries and facilities, or any other business plans, forecasts
or objectives, any or all of which is subject to change;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements related to commodity prices for oil and gas or with respect to the supply of
and demand for oil and gas;</DIV></TD>
</TR>

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

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

<DIV style="margin-top: 10pt">
<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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements related to environmental risks, exploration and development risks, or drilling
and operating risks;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding any financing transactions or arrangements, or ability to enter into
such transactions;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding any SEC or other governmental or regulatory inquiry or
investigation;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding anticipated legislative, governmental, regulatory, administrative or
other public body actions, requirements, permits or decisions;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements regarding general economic or political conditions, whether international,
national or in the regional and local market areas in which we do business;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements related to our ability to retain key members of our senior management and key
employees;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">statements related to the underlying assumptions related to any projection or
forward-looking statement; and</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">any other statements that relate to non-historical or future information.</DIV></TD>
</TR>

</TABLE>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">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:
</DIV>

<DIV style="margin-top: 10pt">
<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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">impact of the weak economic conditions and the future impact of such conditions
on the oil and gas industry and the demand for our services;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

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

<DIV style="margin-top: 10pt">
<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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the geographic concentration of our oil and gas operations;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">uncertainties regarding our ability to replace depletion;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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 to us;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the effectiveness of our derivative activities;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the success of our risk management activities;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">the effects of competition;</DIV></TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <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"><B>&#149;</B></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>
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">You should not put undue reliance on any forward-looking statements. When considering
forward-looking statements, please review the risk factors described under &#147;Risk Factors&#148; in Item
1A of our annual reports on Form 10-K, and any updates to those risk factors included in our
quarterly reports on Form 10-Q. All forward-looking statements attributable to us or persons
acting on our behalf are expressly qualified in their entirety by these risk factors.
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.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Reconciliation of Non-GAAP Financial Measures
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 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, expenses, taxes, depreciation,
amortization and exploration expenses (adjusted EBITDAX). We calculate adjusted EBITDAX as
earnings before net interest expense, taxes, depreciation and amortization and exploration expense.
Further, we reduce adjusted EBITDAX for the minority interest in Cal Dive that we do not own.
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 our reported results prepared in
accordance with GAAP. Users of this financial information should consider the types of events and
transactions which are excluded.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

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

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The Reconciliation of Non-GAAP Measures related to the presentation materials to be delivered
at the conference are attached hereto as Exhibit&nbsp;99.3 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.
</DIV>

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


<DIV style="margin-top: 10pt">
<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>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <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" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release announcing Helix&#146;s participation in the Raymond James Conference.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <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" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Raymond James Energy Conference Presentation.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <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" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.3
</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</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">

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt"><B>SIGNATURES</B>
</DIV>


<DIV align="justify" style="font-size: 10pt; margin-top: 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.
</DIV>

<DIV align="justify" style="font-size: 10pt; margin-top: 10pt">Date: March&nbsp;6, 2009
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">HELIX ENERGY SOLUTIONS GROUP, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">                              /s/ Anthony Tripodo
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Anthony Tripodo&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><FONT style="white-space: nowrap">Executive Vice President and Chief Financial Officer</FONT>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

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

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

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Index to Exhibits</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description</TD>
</TR>


<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <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" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release announcing Helix&#146;s participation in the Raymond James Conference.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <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" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Raymond James Energy Conference Presentation.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <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" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.3
</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"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c82157e8vk.htm", "description": "8-K", "secsgml_size_bytes": 34213}]
{"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": "09663669"}, "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"}}
8-K
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): March 4, 2009
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.
On March 4, 2009, Helix Energy Solutions Group, Inc. ("Helix") issued a press release
announcing that representatives of Helix will make a presentation on March 9, 2009 at the Raymond
James 30th Annual Energy Conference in Orlando, Florida. The press release is attached hereto as
Exhibit 99.1 and incorporated by reference herein. The presentation materials to be delivered at
the conference are attached hereto as Exhibit 99.2 and incorporated by reference herein. The
presentation materials will also be posted beginning on March 9, 2009 in the
Presentations
section
under
Investor Relations
of Helix's website, www.helixesg.com. In addition, the presentation will
be webcast on Helix's website and a replay is available under
Investor Relations
on Helix's website
for seven days.
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 current report on Form 8-K includes forward-looking statements that contain
forward-looking information regarding Helix and represent our expectations and 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, included herein
or incorporated herein by reference, 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 business strategy, including the potential sale of assets and/or
other investments in our subsidiaries and facilities, or any other business plans, forecasts
or objectives, any or all of which is subject to change;
•
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 related to commodity prices for oil and gas or with respect to the supply of
and demand for oil and gas;
•
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 related to environmental risks, exploration and development risks, or drilling
and operating risks;
•
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 any financing transactions or arrangements, or ability to enter into
such transactions;
•
statements regarding any SEC or other governmental or regulatory inquiry or
investigation;
•
statements regarding anticipated legislative, governmental, regulatory, administrative or
other public body actions, requirements, permits or decisions;
•
statements regarding anticipated developments, industry trends, performance or industry
ranking;
•
statements regarding general economic or political conditions, whether international,
national or in the regional and local market areas in which we do business;
•
statements related to our ability to retain key members of our senior management and key
employees;
•
statements related to the underlying assumptions related to any projection or
forward-looking statement; and
•
any other statements that relate to non-historical or future information.
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:
•
impact of the weak economic conditions and the future impact of such conditions
on the oil and gas industry and the demand for our services;
•
uncertainties inherent in the development and production of oil and gas and in
estimating reserves;
•
the geographic concentration of our oil and gas operations;
•
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 to us;
•
the effectiveness 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.
You should not put undue reliance on any forward-looking statements. When considering
forward-looking statements, please review the risk factors described under "Risk Factors" in Item
1A of our annual reports on Form 10-K, and any updates to those risk factors included in our
quarterly reports on Form 10-Q. All forward-looking statements attributable to us or persons
acting on our behalf are expressly qualified in their entirety by these risk factors.
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, expenses, taxes, depreciation,
amortization and exploration expenses (adjusted EBITDAX). We calculate adjusted EBITDAX as
earnings before net interest expense, taxes, depreciation and amortization and exploration expense.
Further, we reduce adjusted EBITDAX for the minority interest in Cal Dive that we do not own.
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 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
at the conference are attached hereto as Exhibit 99.3 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
Press release announcing Helix's participation in the Raymond James Conference.
99.2
Raymond James Energy Conference Presentation.
99.3
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: March 6, 2009
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
Press release announcing Helix's participation in the Raymond James Conference.
99.2
Raymond James Energy Conference Presentation.
99.3
Reconciliation of Non-GAAP Measures.