September 20, 2017 1:55 AM 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. As of November 11, 2016, it owned a fleet of 10 mobile offshore drilling units. The company operates its fleet in the United States, Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore Southeast Asia, and offshore Australia. Atwood Oceanics, Inc. was founded in 1968 and is headquartered in Houston, Texas.

15011 Katy Freeway

Suite 800

Houston, TX 77094

United States

Founded in 1968

938 Employees

Phone:

281-749-7800

Key Executives for Atwood Oceanics, Inc.

CEO, President & Director
Age: 54
Total Annual Compensation: $1.3M
CFO & Senior VP
Age: 46
Total Annual Compensation: $554.0K
Senior Vice President of Operations
Age: 62
Total Annual Compensation: $561.7K
Senior VP, General Counsel & Corporate Secretary
Age: 55
Total Annual Compensation: $521.0K
Senior Vice President of Technical Services
Age: 58
Total Annual Compensation: $544.1K
Compensation as of Fiscal Year 2016.

Atwood Oceanics, Inc. Key Developments

Atwood Oceanics' Subsidiary Secures New Contract for Ultra-Deepwater Rig Atwood Achiever

Atwood Oceanics said that one of its subsidiaries agreed to a one well contract for operations offshore Northwest Africa with Kosmos Energy Ventures (KOS) for the ultra-deepwater rig. The new contract is expected to commence immediately following the completion of an existing contract, and also includes six one-well priced options.

Atwood Oceanics, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended June 30, 2017; Reports Asset Impairment for the Quarter Ended June 30, 2017

Atwood Oceanics, Inc. reported unaudited consolidated financial results for the third quarter and nine months ended June 30, 2017. For the quarter, the company reported total revenues of $117,234,000 compared to $227,797,000 a year ago. Operating income was $11,160,000 compared to $89,315,000 a year ago. Loss before income taxes was $1,768,000 compared to income before income taxes of $120,116,000 a year ago. Net loss was $4,349,000 or $0.05 per diluted share compared to net income of $99,505,000 or $1.53 per diluted share a year ago. For the nine months, the company reported total revenues of $442,496,000 compared to $831,967,000 a year ago. Operating income was $25,468,000 compared to $280,512,000 a year ago. Loss before income taxes was $17,021,000 compared to income before income taxes of $306,837,000 a year ago. Net loss was $23,541,000 compared to net income of $99,505,000 a year ago. Net loss was $23,541,000 or $0.32 per diluted share compared to net income of $261,023,000 or $4.02 per diluted share a year ago. Net cash provided by operating activities was $248,828,000 compared to $515,415,000 a year ago. Capital expenditures were $173,246,000 compared to $198,248,000 a year ago. The asset impairment for the quarter was $211,000.

Atwood Oceanics, Inc., Ensco plc - M&A Call

To discuss the proposed acquisition between Ensco plc and Atwood Oceanics, Inc

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 30, 2017
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