M_____________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
CityplaceWASHINGTON, StateD.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: OCTOBER 18, 2006
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))
================================================================================
-1-
ITEM 7.01 REGULATION FD DISCLOSURE
The Company's Fleet Status Report at October 18, 2006 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 18 of the Exchange Act. The Fleet Status
Report has also been posted on the Company's website at www.atwd.com. All
changes from the Company's last Fleet Status Report dated October 11, 2006 are
highlighted in yellow on the Company's website.
As noted in the attached Fleet Status Report, Woodside Energy, Ltd. elected
to extend its contract commitment for the ATWOOD EAGLE to two years. The dayrate
for the two-year period will be approximately $405,000, with the contract
expected to commence in December 2007. The ATWOOD FALCON continues with its
shipyard project and remains within its expected budgeted total cost of
approximately $32 million. As a result of expensing a portion of these costs
during the shipyard period, operating costs for the ATWOOD FALCON during both
the last quarter of fiscal year 2006 and the first quarter of fiscal year 2007
are expected to be between $60,000 and $70,000 per day. The ATWOOD BEACON has
completed its drilling commitment in country-regionVietnam and is preparing to
be moved to a shipyard in placecountry-regionSingapore to have its last leg
sections reattached. This process is now expected to take three to four weeks to
complete, with a loss of hire insurance coverage of $70,000 per day to be
receiving during this period. Following the reattachment of the leg sections,
the rig will be moved to country-regioncountry-regionIndia to commence its
twenty-five (25) month contract commitment with Gujarat State Petroleum
Corporation Ltd. The country-regionVICKSBURG has completed its drilling program
in country-regionMalaysia and is preparing to move to
country-regioncountry-regionThailand to commence working for Chevron.
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, 2005, filed with the Securities and Exchange Commission.
ITEM 9.01 EXHIBITS
EXHIBIT 99.1 FLEET STATUS REPORT OCTOBER 18, 2006
-2-
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: October 18, 2006
-3-
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Fleet Status Report at October 18, 2006
-4-