BNET Industries

Market Cap:$2.4B
Last Fiscal Year Sales:$526.6M
  • Public
  • US
Dow Jones Description

ATWOOD OCEANICS, INC., its international operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries ("the Atwood Group") are engaged in the business of international offshore drilling of exploratory and developmental oil and gas wells, and related support, management and consulting services. Atwood Oceanics, Inc. commenced operations in 1970 and conducted its first public offering in 1972 with its common stock currently traded on the New York Stock Exchange under the symbol "ATW". The Atwood Group has conducted drilling operations in most of the major offshore exploration areas of the world including the: Arabian Gulf, Red Sea, Black Sea, Australia, East and West Africa, Southeast Asia, China, Far East, Papua New Guinea, India, Mediterranean Sea, Central and South America and the U.S. Gulf of Mexico. The Atwood Group currently supports its operations from offices in Houston, Australia, Malaysia, Egypt, Malta, Indonesia and United Kingdom.

President, Chief Executive Officer
John R. Irwin
Number of Employees 1,200
Contact Information

15835 Park 10 Pl

Houston, Texas 77084

www.atwd.com

(281) 749-7800

NAICS Code Drilling Oil and Gas Wells: 213111

Recent Events

  • ATWOOD OCEANICS Announces Fourth Quarter Earnings for FY 2009

    11/23/09 - Financial Announcement - View Story

  • Atwoods Richmond to Drill 1 Well in US GOM

    10/27/09 - Joint Venture / Alliance - View Story

  • Inside Wall Street

    10/22/09 - Bond / Stock Rating - View Story

  • Atwood Oceanics shares jump to new 52-week high

    10/08/09 - Bond / Stock Rating - View Story

  • Atwood Oceanics' CEO and CFO to retire in 2010

    9/22/09 - Mgmt. Change Leaving - CFO - View Story

  • Atwood Announces Planned Retirements of Senior Execs

    9/23/09 - Mgmt. Change Leaving - CEO - View Story

  • Atwood Oceanics appoints new board member

    9/07/09 - Mgmt. Change Entering - Director - View Story

  • Atwood Oceanics adds to board

    9/04/09 - Mgmt. Change Entering - Other - View Story

  • Atwood Oceanics Announces Third Quarter Earnings for FY 2009

    8/05/09 - Financial Announcement - View Story

  • Oil services sector slips as oil wavers

    6/02/09 - Bond / Stock Rating - View Story

News & Analysis

atwood oceanics inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
John R. Irwin President, Chief Executive Officer
James M. Holland Senior Vice President, Chief Financial Officer, Chief Accounting Officer and Secretary
Alan Quintero Senior Vice President, Operations
Glen P. Kelley Senior Vice President, Marketing and Administration
Barry Smith Vice President, Technnical Services
Michael Campbell Controller & Vice President
Randal Presley Vice President of Administrative Services
Ronnie Hall Vice President, Operations
Danny S Sunderman Assistant General Manager, Technical
Larry W Holloway Operations Manager Vicksburg and A Director of Aopl
Luis A Jimenez Director, Compensation and Benefits
A H Tony Dyne Operations Manager
Bruce A Young Area Accounting and Finance Manager
Carl Rees Operations Manager Seahawk
Corey H Beckman Operations Manager
David G Walker Manager, Employee Development
David Trahan Manager, It Systems
David W. Petrusek Manager, Purchasing
Edward Darnell Operations Manager Atwood Hunter
Emmanuel Deligeorges Area Accounting and Finance Manager (Australia)
Francois Blais Manager, It Support
Jack Kummrow Operations Manager Seahawk
James A Nowotny Operations Manager Atwood Eagle
James Gillenwater Manager of Human Resources
Larry E Hill Manager, Safety, Health, Environment and Security
Mark Childers General Manager, Technology
Michael Koenig Marine Operations Support Manager
Nigel Richardson Operations Manager
Noel Baldwin Area Accounting and Administration Manager
Billy Schmittou
David Alexander
David xander
Derek C Morrow
Derek C row
Emmanuel igeorges
James A otny
Richard Morgan Employee Relations Representative
Rodney Mallams General Counsel
Terry Smith
Tom ndall
Tom Trendall
James R. Montague Director

Board of Directors

Name (plus bio) Position
Deborah A. Beck Board of Directors
George S. Dotson Board of Directors
Hans Helmerich Board of Directors
Robert W. Burgess Board of Directors

Mr. Irwin has over thirty years of experience in the industry including resident assignments in the U.S., Europe, Singapore, Myanmar, Nigeria and Sharjah. He joined Atwood Oceanics in July 1979 as Operations Manager – Technical Services and was promoted to Vice President – Operations in 1980 and to Executive Vice President in 1988. Mr. Irwin was promoted to President and also appointed to serve as a director of the Company in 1992. He has served as Atwood’s Chief Executive Officer since 1993. Mr. Irwin is a director and past chairman of the International Association of Drilling Contractors, a Fellow, Institution of Engineers, Australia, a member of the Society of Petroleum Engineers and served as a director of the Offshore Technology Conference from 1999 to 2007.

Organization Position Status
Atwood Oceanics, Inc. President, Chief Executive Officer Current
Clearways Offshore Drilling Sdn Bhd President Current
Offshore Technology Conference Director Current
Atwood Oceanics, Inc. Board of Directors Current
Eagle Oceanics, Inc. President Former
Atwood Oceanics Australia Pty. Ltd. President Former
Swiftdrill, Inc. President Former

Mr. Holland joined Atwood Oceanics in April 1977 as Accounting Manager after seven years with the public accounting firm, Arthur Andersen & Co., the last two of which he served as an Audit Manager. Mr. Holland was promoted to Controller in October, to Treasurer in January 1980, and to Vice President – Finance in May 1981. He served in these capacities until October 1988 when he was appointed to his current position. Mr. Holland received his Bachelors Degree in Accounting from Texas Tech University in 1967, his Masters of Business Administration from Texas Tech University in 1970, and he has been a Certified Public Accountant since 1971. Mr. Holland, as Chief Financial Officer, is responsible for the financial and accounting activities of Atwood and serves as the company’s corporate Secretary. Mr. Holland’s activities have involved finance, accounting and tax matters, (both in the U.S. and in various international areas in which Atwood has operated), as well as investor relations.

Organization Position Status
Atwood Oceanics, Inc. Senior Vice President, Chief Financial Officer, Chief Accounting Officer and Secretary Current
Atwood Oceanics, Inc. Accounting Manager Current
Texas Tech University Bachelors Degree In Accounting Former

Mr. Quintero has served as the Company's Senior Vice President of Operations since June 2008. Prior to serving as Senior Vice President of Operations, Mr. Quintero held the position of Vice President of Engineering from June 2007 until June 2008, General Manager of Engineering from May 2006 to June 2007 and Manager of Engineering from August 1994 to May 2006. Mr. Quintero joined the Company in July 1993 as Senior Project Engineer. Mr. Quintero has worked in the E&P, engineering, service and drilling contracting sides of the oil industry, providing a varied experience. He joined Atwood after two years with Underwater Tools, Inc. as Project Manager. Prior to this, Mr. Quintero spent six years with Exxon Company USA in various drilling, engineering and management positions. Mr. Quintero holds a degree in Mechanical Engineering from Texas A&M University, and is a member of the Society of Petroleum Engineers and a director of the IADC.

Organization Position Status
Atwood Oceanics, Inc. Senior Vice President, Operations Current
Atwood Oceanics, Inc. Vice President, Engineering Former
Atwood Oceanics, Inc. Manager, Engineering Former
E&P, Inc. Former

Mr. Kelley worked for Atwood Oceanics from 1974 until 1980 in various accounting and administrative positions. He then was employed by Diamond M Company as Director, Foreign Administration until December 1982, when he re-joined Atwood as Manager of Operations Administration, and was promoted to his current position in October 1988. Mr. Kelley attended Graceland College and the University of Texas where he received a Degree in Business Administration in 1970. Mr. Kelley is responsible for contracts, including bid coordination, contract negotiating, property risk management and insurance. In addition, he is responsible for the planning and compliance of international operations, administration of local joint ventures in host countries and internal operation budget analysis and management. Mr. Kelley has served as chairman of the IADC International Taxation Sub-Committee for several years.

Organization Position Status
Atwood Oceanics, Inc. Senior Vice President, Marketing and Administration Current
Diamond M Former
The University of Texas Former
Graceland University Former

Mr. Smith joined Atwood Oceanics Inc. in April 2006. Mr. Smith started his career with Diamond M Offshore as a Mechanic in company central shop and worked up to Chief Mechanic while attending classes on Electrical systems. Mr. Smith then joined Culver Drilling Co. as Maintenance Superintendent where he was charged with the maintenance and repair of fourteen land rigs. Mr. Smith then joined Sonat Offshore which is now Transocean where he worked for more than twenty years. He worked for Transocean in various positions through out the company from Electrician to Corporate Maintenance Manager. In his roles he was responsible for the implementation of the worldwide maintenance system for over eighty-five plus drilling vessels. Mr. Smith was also heavily involved with the equipment selection and design on the company’s fifth generation drilling vessels. While onboard the Transocean vessel Mr. Smith held a Unlimited MODU Chief Engineers License and was an approved DNV and Lloyds Surveyor for the selected rigs.

Organization Position Status
Atwood Oceanics, Inc. Vice President, Technnical Services Current
Atwood Oceanics, Inc. General Manager, Technical Former

Mr. Campbell joined Atwood Oceanics in March 2001 and served as Controller and subsequently as General Manager – Financial Services from September 2001 to December 2008 before being promoted to his current position in January 2009. Working with Mr. Holland, Mr. Campbell is responsible for overseeing all accounting, tax and financial reporting matters for Atwood. After obtaining his Bachelors Degree in Accounting from Texas A&M University in 1991, Mr. Campbell worked four years in public accounting at Ernst & Young primarily in the oilfield service industry. He then spent six years as an Assistant Controller at a manufacturing company and subsequently at a privately held investment company before joining Atwood.

Organization Position Status
Atwood Oceanics, Inc. Controller & Vice President Current
Douglas, Curtis Current
SureWest Communications CFO Former
Ernst & Young Partner Former
Ernst & Young Director of Telecommunications Group Former
Atwood Oceanics, Inc. General Manager, Finance Services Former

Mr. Presley joined Atwood Oceanics in March 1987 as Administrative Manager. Previously, Mr. Presley was employed with Diamond M Company and Fish Engineering and Construction Company serving in accounting, administrative, operations and management positions. Several of these activities involved extended assignments in Nigeria, Cameroon, Gabon, Zaire, and Australia as well as the United States. Upon joining Atwood, Mr. Presley served in India for two years assisting in the successful commencement of joint-venture operations. In 2006, Mr. Presley was promoted to General Manager – Administrative Services. In this capacity Mr. Presley has broad ranging management responsibilities that cover Internal Audit including all areas of corporate compliance; the Company’s Information Technology Department; Human Resources; Employee Development; the Safety, Health, Environment and Security Department; Benefits; and Office Services. In June 2008 Mr. Presley was promoted to Vice President – Administrative Services. Mr. Presley attended Texas Tech University and the University of Houston where he received his Bachelors Degree in Accounting in 1976.

Organization Position Status
Atwood Oceanics, Inc. Vice President of Administrative Services Current
Atwood Oceanics, Inc. General Manager, Administrative Services Former
Diamond M Former
Construction Co., Inc. Former

Mr. Hall joined Atwood Oceanics in February 1995. Mr. Hall began his oilfield career in 1974 as a floorman. After acquiring broad international operations experience, both in offshore rig positions and as an Operations Manager in a number of international locations including the Iris Sea, West Africa, Trinidad, the Middle East, Pakistan and China, he received a B. S. in Civil Engineering, cum laude, from Texas Tech University in 1992. Since joining Atwood Oceanics, Mr. Hall has completed several international management assignments in Australia, Malaysia, Egypt, Israel and Italy. Mr. Hall managed the upgrade project and renovation of the ATWOOD SOUTHERN CROSS in Singapore during 1997 and was the Operations Manager of the ATWOOD EAGLE during the upgrade project in Greece during 2002. Mr. Hall was appointed General Manager of Operations in April 2007 and Vice President of Operations in April 2008.

Organization Position Status
Atwood Oceanics, Inc. Vice President, Operations Current
Atwood Oceanics, Inc. General Manager, Operations Former

Organization Position Status
Atwood Oceanics, Inc. Assistant General Manager, Technical Current

Organization Position Status
Atwood Oceanics, Inc. Operations Manager Vicksburg and A Director of Aopl Current
American Petroleum Institute Member Current

Organization Position Status
Atwood Oceanics, Inc. Director, Compensation and Benefits Current

Organization Position Status
Atwood Oceanics, Inc. Operations Manager Current

Organization Position Status
Aopl Accounting and Finance Manager Current
Atwood Oceanics, Inc. Area Accounting and Finance Manager Current
Aopl Officer Current
Aopl Director Current

Organization Position Status
Atwood Oceanics, Inc. Operations Manager Seahawk Current

Organization Position Status
Atwood Oceanics, Inc. Operations Manager Current

Organization Position Status
Employee Development Corporation Manager Current
Atwood Oceanics, Inc. Manager, Employee Development Current
Atwood Oceanics, Inc. Safety & Training Coordinator Former

Organization Position Status
Atwood Oceanics, Inc. Manager, It Systems Current

Organization Position Status
Purchasing, Inc. Manager Current
Atwood Oceanics, Inc. Manager, Purchasing Current
Atwood Oceanics, Inc. Director, Purchasing Former

Organization Position Status
Atwood Oceanics, Inc. Operations Manager Atwood Hunter Current

Organization Position Status
Atwood Oceanics, Inc. Area Accounting and Finance Manager (Australia) Current

Organization Position Status
Atwood Oceanics, Inc. Manager, It Support Current
McGill University BS In Engineering Former

Organization Position Status
Atwood Oceanics, Inc. Operations Manager Seahawk Current

Organization Position Status
Atwood Oceanics, Inc. Operations Manager Atwood Eagle Current

James E. Gillenwater is Manager of Human Resources. Mr. Gillenwater joined Atwood Oceanics in February 1990. Mr. Gillenwater has experience in personnel management as well as in developing and implementing safety and training programs for domestic and international operations including: Supervisory Development Training, Well Control, Offshore Survival, and Fire Fighting. Mr. Gillenwater is an active member of the IADC and the International Personnel Association....

Organization Position Status
Human Resources Incorporated Manager Current
Atwood Oceanics, Inc. Manager of Human Resources Current
International Personnel Association Active Member Current

Organization Position Status
Atwood Oceanics, Inc. Manager, Safety, Health, Environment and Security Current
Environment, Inc. Manager Current
Health-Corp Manager Current
Atwood Oceanics, Inc. Safety & Training Coordinator Former

Organization Position Status
Atwood Oceanics, Inc. General Manager, Technology Current

Organization Position Status
Atwood Oceanics, Inc. Marine Operations Support Manager Current

Organization Position Status
Atwood Oceanics, Inc. Operations Manager Current

Organization Position Status
Aopl Accounting and Administration Manager Current
Atwood Oceanics, Inc. Area Accounting and Administration Manager Current
Aopl Officer Current
Aopl Director Current
Atwood Oceanics, Inc. Accountant Former

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Current

Richard Morgan is Employee Relations Representative based in the U.K. and an officer and a director of AOPL. Mr. Morgan began his career in the offshore drilling industry in 1967 working in the North Sea. He joined Atwood Oceanics in 1974. In 1981 he was assigned to establish an Atwood representative office in the UK to support the Atwood worldwide fleet recruiting personnel....

Organization Position Status
Aopl Employee Relations Representative Current
Atwood Oceanics, Inc. Employee Relations Representative Current
Aopl Director Current

Organization Position Status
Atwood Oceanics, Inc. General Counsel Current

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Current

Organization Position Status
Atwood Oceanics, Inc. Board of Directors Current

Organization Position Status
Needham Capital Partners Limited Partner Current
Atwood Oceanics, Inc. Board of Directors Current
Helmerich & Payne de Venezuela C.A. Chief Oper Officer Former
Helmerich & Payne del Ecuador, Inc. Chief Oper Officer Former
Helmerich & Payne International Drilling Co. COO Former
Helmerich & Payne, Inc. Vice President Former
Helmerich & Payne, Inc. Board of Directors Former
Varco International, Inc. Director Former

Organization Position Status
Helmerich & Payne International Drilling Co. President & CEO Current
Helmerich & Payne, Inc. Chief Executive Officer Current
Helmerich & Payne, Inc. Director Current
Atwood Oceanics, Inc. Board of Directors Current
Cimarex Energy Co. Board of Directors Current
Helmerich & Payne, Inc. President Former
Helmerich & Payne, Inc. member Former

James R. Montague has served as a director of our general partner since July 2001. Since 2003, he has been retired. From 2001 to 2002, Mr. Montague served as President of EnCana Gulf of Mexico LLC, a subsidiary of EnCana Corporation, which is in the business of oil and gas exploration and production. From 1996 to June 2001, Mr. Montague served as President of two subsidiaries of International Paper Company, IP Petroleum Company, an exploration and production oil and gas company, and GCO Minerals Company, a company that manages International Paper Company’s mineral holdings. Mr. Montague also serves as Chairman of the Board of Memorial Hermann Healthcare System. Mr. Montague serves as the non-executive Chairman of the Board of Davis Petroleum Corp., as a director of Atwood Oceanics, Inc. and as a director of the general partner of Magellan Midstream Partners, L.P.

Organization Position Status
Penn Virginia Resource Partners, L.P. General Partner Current
Davis Petroleum Corp Non-Executive Chairman of the Board Current
Memorial Hermann Healthcare System Chairman of The Board Current
Penn Virginia Resource Partners, L.P. Board of Directors Current
Atwood Oceanics, Inc. Director Current
Magellan Midstream Partner, L.P Board of Directors Current
Magellan Midstream Partners, L.P. Board of Directors Current
Penn Virginia Gp Holdings Director Current
International Paper Company Former

Organization Position Status
Atwood Oceanics, Inc. Board of Directors Current
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     ATW $37.96 +0.97 (2.62% )
Average Volume 1,021,320
Shares Outstanding 64.20M
Market Cap 2.4B
Year High 40.58
Year Low 12.6
Earnings Per Share 4.31
P/E Ratio 8.81
Dividend N/A
Yield N/A
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