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

Phone:

281-749-7800

Fax:

281-492-7871

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.

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