Unassociated Document

0000008411-10-000071.txt : 20100802 0000008411-10-000071.hdr.sgml : 20100802 20100802093246 ACCESSION NUMBER: 0000008411-10-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100802 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100802 DATE AS OF CHANGE: 20100802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATWOOD OCEANICS INC CENTRAL INDEX KEY: 0000008411 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 741611874 STATE OF INCORPORATION: TX FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13167 FILM NUMBER: 10982962 BUSINESS ADDRESS: STREET 1: 15835 PARK TEN PL DR STREET 2: SUITE 200 CITY: HOUSTON STATE: TX ZIP: 77084 BUSINESS PHONE: 2817497845 MAIL ADDRESS: STREET 1: 15835 PARK TEN PL DR STREET 2: SUITE 200 CITY: HOUSTON STATE: TX ZIP: 77084 8-K 1 f8kaugust22010.htm 8-K AUGUST 2, 2010 Unassociated Document

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 EARLIEST EVENT REPORTED: AUGUST 2, 2010

ATWOOD OCEANICS, INC.

(Exact name of registrant as specified in its charter)

COMMISSION FILE NUMBER 1-13167

TEXAS

(State or other jurisdiction of incorporation or organization)

Internal Revenue Service – Employer Identification No. 74-1611874

15835 Park Ten Place Drive, Houston, Texas, 77084

(281) 749-7800

____________

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 (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] 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

Information with respect to the Company’s Fleet Status Report at August 2, 2010 is attached hereto as Exhibit 99.1. Such information is being furnished under Regulation FD and should not be deemed to be filed under Section 19 of the Exchange Act.

Statements contained in this report with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors including; the Company's dependence on the oil and gas industry; the risks involved the construction of a rig; competition; operating risks; risks involved in foreign operations; risks associated with possible disruption in operations due to terrorism; risks associated with a possible disruption in operations due to a war with Iraq; and governmental regulations and environmental matters. A list of additional risk factors can be found in the Company's annual report on Form 10-K for the year ended September 30, 2009, filed with the Securities and Exchange Commission.

ITEM 9.01 EXHIBITS

EXHIBIT 99.1 Fleet Status Report at August 2, 2010

EXHIBIT INDEX

EXHIBIT NO. DESCRIPTION

99.1	Fleet Status Report at August 2, 2010

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.

		ATWOOD OCEANICS, INC
		(Registrant)



		/s/ James M. Holland James M. Holland Senior Vice President

		DATE: August 2, 2010

EX-99.1 2 exh99_1.htm EXH 99.1 FLEET STATUS Unassociated Document

EXHIBIT 99.1

FLEET STATUS REPORT

Atwood Oceanics, Inc. And Subsidiaries Fleet Status Report As of August 2, 2010

As used herein, “we”, “us”, and “our” refers to Atwood Oceanics, Inc. and its subsidiaries, except where the context indicates otherwise. Statements contained in this Fleet Status Report, including information regarding our estimated rig availability, contract duration, future dayrates, future daily operating costs, future effective tax rates, customer or contract status are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors including: our dependence on the oil and gas industry; the risks involved in upgrade, repair and construction of our rigs; competition; operating risks; risks involved in foreign operations; risks associated with possible disruptions in operations due to terrorism; risks associated with a possible disruption in operations due to the war with Iraq and governmental regulations and environmental matters. A list of additional risk factors can be found in our annual report on Form 10-K for the year ended September 30, 2009, filed with the Securities and Exchange Commission. All information in this Fleet Status Report is as of the date indicated above. We undertake no duty to update the content of this Fleet Status Report or any forward-looking statement contained herein to conform the statement to actual results or to reflect changes in our expectations.

Rig Name	Rated Water Depth	Location	Customer	Estimated Contract End Date	Estimated Contract Day Rate	Additional Comments
ATWOOD EAGLE	5000’	Australia	BHP BILLITON PETROLEUM	FIRM WORK – (One approximately 60-day slot deferred from previous drilling program which is now expected to be completed in September 2010.)	Approximately $170,000 for 35 days and $465,000 thereafter until completion.	A portion of the dayrate is subject to change due to currency exchange rate variance.
		TBD	N/A	N/A	N/A	The rig is expected to incur around ten (10) zero rate days in the fourth quarter of fiscal year 2010 and ten (10) zero rate days in the first quarter of fiscal year 2011 for regulatory inspections and planned maintenance.
		Australia	CHEVRON	FIRM WORK – (Until ATWOOD OSPREY commences operations in Australia) February/March 2011	$430,000/$450,000 Depending on firm duration of Atwood Osprey Contract.	Subject to change due to cost escalation provisions in the contract.
ATWOOD HUNTER	5,000’	Equatorial Guinea	NOBLE ENERGY INC (“NOBLE”)	FIRM WORK - December 2010	$545,000	Subject to change due to cost escalation provisions in the contract.
		Ghana/ Equatorial Guinea	KOSMOS ENERGY GHANA INC/NOBLE	FIRM WORK - October 2012	$538,000 to $545,000	Subject to change due to cost escalation provisions in the contract.
ATWOOD FALCON	5,000’	Philippines (Upon completing the drilling program in the Philippines, the rig will be mobilized back to Malaysia)	SHELL	FIRM WORK – August 2011	$431,000/plus approximately $4,000 of amortized per day revenues	Subject to change due to cost escalation provisions in the contract.
		TBD	N/A	N/A	N/A	The rig could incur around ten (10) zero rate days in the third quarter of fiscal year 2011 for regulatory inspections and planned maintenance.
ATWOOD OSPREY	6,000’	Under construction in Singapore with Delivery Expected in early 2011 at which time the rig will be mobilized to Australia.	CHEVRON AUSTRALIA PTY. LTD.	FIRM WORK – Early 2014 if three-year commitment or early 2017 if six-year commitment. (Contract provides option to extend to six years at time of delivery of rig)	$470,000 (if three-year commitment) $450,000 (if six-year commitment)	Subject to change due to cost escalation provisions in the contract.
ATWOOD SOUTHERN CROSS	2,000’	Tunisia	AUDAX RESOURCES LTD. (“AUDAX”)	FIRM WORK – August 2010	$154,500
ATWOOD BEACON	400’	Ivory Coast	EDISON INTERNATIONAL S.P.A. (IVORY COAST BRANCH)	FIRM WORK – September 2010	$115,500
		Suriname/Guyana	MURPHY SURINAME OIL COMPANY, LTD./REPSOL EXPLORATION S.A./TEIKOKU OIL (SURINAME) CO. LTD. (INPEX) (“OPERATORS”)	MOBILIZATION – October 2010 (approximately 30 days)		The contract provides for a lump sum mobilization fee of $4.5 million. The $4.5 million will be amortized over the 210- day minimum contract period.
		Suriname/Guyana	OPERATORS	FIRM WORK – May 2011 (Minimum of 210 days)	$115,000
		Suriname/Guyana	OPERATORS	DE-MOBILIZATION – TBD		If the rig’s follow-on work is beyond 800 miles of the last drilling location, a lump sum de-mobilization fee of up to $7.8 million is payable.
		TBD	N/A	N/A	N/A	The rig could incur ten (10) zero rate days in the second or third quarters of fiscal year 2011 for regulatory inspections.
VICKSBURG	300’	Thailand	NUCOASTAL (THAILAND) LIMITED (“NUCOASTAL”)	FIRM WORK – June 2011	$90,000
		TBD	N/A	N/A	N/A	The rig is expected to incur ten (10) zero rate days the fourth quarter of fiscal year 2010 for regulatory inspections.
ATWOOD AURORA	350’	Egypt	RWE DEA NILE GmbH	FIRM WORK – April 2011	$133,000	Subject to change due to cost escalation provisions in the contract.
SEAHAWK	1,800’	Equatorial Guinea	AMERADA HESS EQUATORIAL GUINEA, INC.	FIRM WORK – Mid August 2010	$90,000
RICHMOND	70’	US Gulf of Mexico	N/A	IDLE – Early August 2010 (The rig is currently undergoing regulatory inspections and any required repairs which are expected to take around thirty (30) days to complete)		Atwood and Rooster have agreed on a standby fee and deferred force majeure agreement during this period of work.
		US Gulf of Mexico	ROOSTER PETROLEUM, LLC	FIRM WORK – September 2010	$36,000	Rooster has received its required drilling permit for the one well program.