Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BROOKS JERRY M
   2. Issuer Name and Ticker or Trading Symbol
DRIL-QUIP INC [DRQ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
(Last)
(First)
(Middle)
13550 HEMPSTEAD HIGHWAY		 3. Date of Earliest Transaction (Month/Day/Year)
12/06/2006
(Street)

HOUSTON, TX 77040		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/06/2006   M   10,000 A $ 16.06 10,000 (1) D  
Common Stock 12/06/2006   S   200 D $ 43.18 9,800 D  
Common Stock 12/06/2006   S   200 D $ 43.2 9,600 D  
Common Stock 12/06/2006   S   300 D $ 43.21 9,300 D  
Common Stock 12/06/2006   S   800 D $ 43.22 8,500 D  
Common Stock 12/06/2006   S   100 D $ 43.24 8,400 D  
Common Stock 12/06/2006   S   100 D $ 43.25 8,300 D  
Common Stock 12/06/2006   S   100 D $ 43.27 8,200 D  
Common Stock 12/06/2006   S   400 D $ 43.29 7,800 D  
Common Stock 12/06/2006   S   800 D $ 43.3 7,000 D  
Common Stock 12/06/2006   S   200 D $ 43.31 6,800 D  
Common Stock 12/06/2006   S   300 D $ 43.32 6,500 D  
Common Stock 12/06/2006   S   100 D $ 43.33 6,400 D  
Common Stock 12/06/2006   S   100 D $ 43.34 6,300 D  
Common Stock 12/06/2006   S   100 D $ 43.38 6,200 D  
Common Stock 12/06/2006   S   700 D $ 43.34 5,500 D  
Common Stock 12/06/2006   S   400 D $ 43.41 5,100 D  
Common Stock 12/06/2006   S   300 D $ 43.42 4,800 D  
Common Stock 12/06/2006   S   400 D $ 43.43 4,400 D  
Common Stock 12/06/2006   S   200 D $ 43.44 4,200 D  
Common Stock 12/06/2006   S   2,900 D $ 43.45 1,300 D  
Common Stock 12/06/2006   S   300 D $ 43.48 1,000 D  
Common Stock 12/06/2006   S   700 D $ 43.49 300 D  
Common Stock 12/06/2006   S   300 D $ 43.5 0 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 16.06 (2) 12/06/2006   M     10,000 (2)   (3) 10/27/2010 Common Stock 10,000 (2) $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BROOKS JERRY M
13550 HEMPSTEAD HIGHWAY
HOUSTON, TX 77040		       Chief Financial Officer  

Signatures

 /s/ Jerry M. Brooks   12/07/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) In the reporting person's Form 4 filed on August 7, 2006, the reported amount of securities beneficially owned included shares of Common Stock subject to exercisable options held by the reporting person. These shares are not included herein.
(2) The stock options were previously reported as covering 5,000 shares at an exercise price of $32.125 per share, but were adjusted to reflect the stock split that occurred on October 5, 2006.
(3) The stock options became exercisable in increments on the first, second, third and fourth anniversaries of the grant. The grant date was October 28, 2000.

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