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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT REPORTED: January 4, 2001
ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER 1-13167
TEXAS 74-1611874
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
15835 Park Ten Place Drive 77084
Houston, Texas (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code:
281-749-7800
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ITEM 7. EXHIBITS
EXHIBIT 99.1CONTRACT STATUS SUMMARY AT JANUARY 4, 2001
ITEM 9. REGULATION FD DISCLOSURE
On January 2, 2001, Dominion Exploration & Production Inc. awarded the ATWOOD
HUNTER a one-well drilling contract in the United States Gulf of Mexico. The
ATWOOD HUNTER should complete its current contractual commitments with
British-Borneo Petroleum, Inc./AGIP toward the end of January 2001 and then
commence drilling this one well commitment, which is estimated to take
approximately 45-days to complete, with a dayrate of $54,000. Upon completion of
this additional one-well commitment, the rig will be moved to a shipyard in the
United States to commence its upgrade estimated to cost between $40 and $45
million and taking approximately four to five months to complete. This
additional drilling commitment should enable the Company to be more efficient in
managing the upgrade project around expected equipment delivery dates.
The RICHMOND, which in October 2000 completed its upgrade with a (patent
pending) suction pile system to enhance its unique characteristics for shallow
water operations in the Gulf of Mexico, currently has commitments to drill
one-well for Applied Drilling Technology Inc. and three wells for Texaco
Exploration and Production Inc. at dayrates ranging from $29,000 to $32,000. The
RICHMOND has a long record as an attractive, highly utilized unit. The rig's
current contract commitments should keep it employed through May 2001.
Additional information with respect to the Company's contract status summary at
January 4, 2001 is attached hereto as Exhibit 99.1, which is being furnished in
accordance with Rule 101(e)(1) under Regulation FD and should not be deemed to
be filed.
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; the Company's dependence on the oil and gas
industry; the risks involved in upgrade to the Company's rigs; competition;
operating risks; risks involved in foreign operations; and governmental
regulations and environmental matters. A list of additional risk factors can be
found in the Company' annual report on Form 10-K for the year ended September
30, 2000, filed with the Securities and Exchange Commission.
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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: January 4, 2001
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Contract Status Summary at January 4, 2001
