Atwood Oceanics Inc. (ATW)

Atwood Oceanics, Inc., together with its subsidiaries, engages in the offshore drilling and completion of exploratory and developmental oil and gas wells worldwide. The company also offers related support, management, and consulting services. It provides a range of rigs, such as semisubmersible rigs, semisubmersible tender assist rigs, jack-up drilling rigs, and submersible drilling rigs. As of September 30, 2008, the company operated eight offshore mobile drilling units located in six regions of the world, including offshore southeast Asia, offshore Africa, offshore India, offshore Australia, the Mediterranean Sea, and the United States Gulf of Mexico. Atwood Oceanics was founded in 1968 and is headquartered in Houston, Texas.

For the fiscal year ended 30 September 2006, Atwood Oceanics, Inc.'s revenues rose 57% to $276.6M. Net income totaled $86.1M, up from $26M. Revenues reflect increased fleetwide revenue due to improving market conditions, higher demand for offshore drilling equipments and higher contractual dayrates. Higher income reflects the presence of $10.5M gain on sale of equipments , an increase in interest income and lower depreciation charges.