February 01, 2015 6:05 PM ET

Energy Equipment and Services

Company Overview of Atwood Oceanics, Inc.

Company Overview

Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2014, it owned a fleet of 13 mobile offshore drilling units, as well as 3 ultra-deepwater drill ships under construction. The company was founded in 1968 and is headquartered in Houston, Texas.

15011 Katy Freeway

Suite 800

Houston, TX 77094

United States

Founded in 1968

1,905 Employees





Key Executives for Atwood Oceanics, Inc.

Chief Executive Officer
Age: 51
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice President
Age: 51
Total Annual Compensation: $732.5K
Senior Vice President of Operations
Age: 59
Total Annual Compensation: $531.4K
Senior Vice President
Age: 52
Total Annual Compensation: $469.8K
Senior Vice President of Technical Services
Age: 55
Total Annual Compensation: $517.8K
Compensation as of Fiscal Year 2014.

Atwood Oceanics, Inc. Key Developments

Atwood Oceanics, Inc. Announces its Subsidiary Enters into Agreement to Provide Drilling Services with the jackup rig, Atwood Mako

Atwood Oceanics, Inc. has announced that one of its subsidiaries has entered into agreement to provide drilling services with the jackup rig, Atwood Mako. The contract will be performed in Southeast Asia at an operating day rate of $155,000 for a minimum term of 70 days, and it includes a priced option for an additional term. The Atwood Mako is presently working offshore Malaysia and is expected to mobilize to its new location in late March, in direct continuation of its current program.

Atwood Oceanics Announces Executive Promotions

Effective January 1, 2015, the Board of Directors of Atwood Oceanics, Inc. promoted Mark L. Mey to the office of Executive Vice President, Chief Financial Officer; Arthur M. Polhamus to the office of Senior Vice President, Operations; Barry M. Smith to the office of Senior Vice President, Technical Services; and Walter A. Baker to the office of Senior Vice President, General Counsel and Corporate Secretary.

ATW Eyes Acquisitions

Atwood Oceanics, Inc. (NYSE:ATW) is looking for acquisition opprtunities. Rob Saltiel, Chief Executive Officer and President of ATW, we clearly have a bias to growth. Obviously, our growth, thus far, has been organic growth. We've talked on previous calls about the advantages of organic growth with common equipment, maintenance standards, spares, et cetera, and training. So we are certainly open to looking at acquisitions, but they need to be compelling, especially if they're one-off acquisitions.

Similar Private Companies By Industry

Company Name Region
M & M Pipeline Services, LLC United States
Microalloying International, Inc. United States
Weatherford U.S., L.P. United States
Grant Geophysical Corporation United States
Global Microseismic Services, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Atwood Oceanics, Inc., please visit www.atwd.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.