21 Feb 2008director interest notice● Neutral
ATWOOD OCEANICS INC Vice President Darryl Robert Smith exercised stock options for 5,000 shares and disposed of 10,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2008director interest notice● Neutral
ATWOOD OCEANICS INC director William J Morrissey exercised stock options for 17,000 shares and disposed of 34,000 shares.
14 Feb 2008director interest notice● Neutral
ATWOOD OCEANICS INC Vice President Alan Quintero exercised stock options for 26,750 shares and disposed of 53,500 shares.
14 Feb 2008security holder rights change● Neutral
Shareholders approved another increase to authorized shares, from 50 million to 90 million, continuing the pattern of charter amendments accompanying the company's rapid growth.
24 Jan 2008substantial holder notice● Neutral
Columbia Wanger Asset Management, L.P reported a ATWOOD OCEANICS INC shareholding of 3,419,300 shares (10.80% of votes) in a periodic institutional filing.
15 Jan 2008production update▲ Good
A previously-flagged $1.7 million billing dispute settled for a smaller-than-feared $900,000 hit to the quarter (about $0.03/share).
9 Jan 2008drilling progress report▼ Bad
A rough quarter for uptime: unplanned downtime on the HUNTER, EAGLE and SEAHAWK cut revenue by about $3 million ($0.09/share), while the RICHMOND spent 81 days in a planned life-extension shipyard and the HUNTER entered its own shipyard in Malta before heading to the Woodside contract now farmed out to Petronas.
3 Jan 2008debt financing▲ GoodMajor
Atwood locked in a second newbuild -- a semisubmersible under construction at Jurong's Singapore yard, already contracted to Chevron Australia for three to six years at $450,000-470,000/day -- while announcing that Chevron contract itself.
7 Dec 2007director interest notice● Neutral
ATWOOD OCEANICS INC director Robert W Burgess received 670 shares as part of the equity award.
7 Dec 2007director interest notice● Neutral
ATWOOD OCEANICS INC director Hans Helmerich received 670 shares as part of the equity award.
7 Dec 2007director interest notice● Neutral
ATWOOD OCEANICS INC director William J Morrissey received 670 shares as part of the equity award.
7 Dec 2007director interest notice● Neutral
ATWOOD OCEANICS INC director James R Montague received 670 shares as part of the equity award.
7 Dec 2007director interest notice● Neutral
ATWOOD OCEANICS INC director George S Dotson received 670 shares as part of the equity award.
7 Dec 2007director interest notice● Neutral
ATWOOD OCEANICS INC director Deborah A Beck received 670 shares as part of the equity award.
14 Nov 2007security holder rights change● Neutral
The board created a plan letting non-employee directors defer their stock and cash compensation, a routine governance addition.
1 Nov 2007debt financing▲ GoodMajor
Atwood signed its first major credit facility: a $300 million, five-year revolving loan led by Nordea Bank, secured by mortgages on the EAGLE, HUNTER and BEACON -- financing firepower for the newbuild program it had just started.
28 Sept 2007production update● Neutral
Shell temporarily assigned its ATWOOD FALCON drilling slot to Petronas Carigali for four wells at the same dayrate before the rig returns to Shell -- a scheduling arrangement between two of the rig's customers, not a change of contract.
12 Sept 2007production update▼ Bad
Zero-rate days across four rigs -- regulatory inspections and equipment issues -- cut fourth-quarter revenue by about $3.4 million ($0.10/share); the RICHMOND kept working for Helis Oil & Gas in the Gulf of Mexico at $80,000/day.
13 July 2007director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President Glen P Kelley exercised stock options for 60,000 shares and disposed of 30,000 shares.
6 July 2007director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President James M Holland exercised stock options for 60,000 shares and disposed of 30,000 shares.
6 July 2007director interest notice● Neutral
ATWOOD OCEANICS INC Vice President Alan Quintero exercised stock options for 20,000 shares and disposed of 10,000 shares.
6 July 2007director interest notice● Neutral
ATWOOD OCEANICS INC President John R Irwin exercised stock options for 156,000 shares and disposed of 78,000 shares.
2 July 2007production update▼ Bad
A rig move for the SEAHAWK and some fleetwide downtime trimmed about $0.03 off the quarter's per-share earnings, even as the SOUTHERN CROSS started its new TPAO contract at $290,000-320,000/day.
5 June 2007production update● Neutral
Melrose deferred two option wells for the SOUTHERN CROSS until after the rig's already-booked TPAO contract -- a scheduling shuffle, not a change in demand.
11 Apr 2007director interest notice● Neutral
ATWOOD OCEANICS INC Vice President Contracts Glen P Kelley exercised stock options for 68,000 shares and disposed of 34,000 shares.
11 Apr 2007director interest notice● Neutral
Darryl Robert Smith became a ATWOOD OCEANICS INC Vice President - Operations and company insider (initial ownership filing).
11 Apr 2007director interest notice● Neutral
Alan Quintero became a ATWOOD OCEANICS INC Vice President - Engineering and company insider (initial ownership filing).
2 Apr 2007director interest notice● Neutral
ATWOOD OCEANICS INC President John R Irwin exercised stock options for 228,800 shares and disposed of 115,400 shares.
2 Apr 2007director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President James M Holland exercised stock options for 79,600 shares and disposed of 39,800 shares.
28 Mar 2007production update▲ Good
The ATWOOD HUNTER's Woodside contract was extended to April/May 2008 with a dayrate bump to $245,000 as it relocated from Mauritania to Libya; the SOUTHERN CROSS kept drilling for Melrose off Bulgaria with options that could extend the work into August.