ATW Atwood Oceanics, Inc. (delisted)

FOR THE THREE MONTHS ENDED DECEMBER 31,

2010

2009

Revenues

$146,286,000

$164,243,000

Income before Income Taxes

63,240,000

81,255,000

Provision for Income Taxes

(10,390,000)

(14,271,000)

Net Income

$  52,850,000

$  66,984,000

Earnings per Common Share -

     Basic

0.82

1.04

     Diluted

0.81

1.03

Weighted Average Shares  

  Outstanding -

     Basic

64,528,000

64,303,000

     Diluted

65,184,000

65,023,000

EXHIBIT 99.2

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

THREE MONTHS ENDED

DECEMBER 31,

2010

2009

REVENUES:

Contract drilling

$146,286

$164,243

COSTS AND EXPENSES:

Contract drilling

58,344

61,042

Depreciation

8,803

9,713

General and administrative

15,664

11,623

Other, net

(61)

(87)

82,750

82,291

OPERATING INCOME

63,536

81,952

OTHER INCOME (EXPENSE)

Interest expense, net of capitalized interest

(678)

(733)

Interest income

382

36

(296)

(697)

INCOME  BEFORE INCOME TAXES

63,240

81,255

PROVISION FOR INCOME TAXES

10,390

14,271

NET INCOME

$  52,850

$  66,984

EARNINGS PER COMMON SHARE:

             Basic

0.82

1.04

             Diluted

0.81

1.03

AVERAGE COMMON SHARES OUTSTANDING:

           Basic

64,528

64,303

           Diluted

65,184

65,023

EXHIBIT 99.3

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

ANALYSIS OF REVENUES AND DRILLING COSTS

(Unaudited)

FOR THE THREE MONTHS ENDED

DECEMBER 31, 2010

CONTRACT

DRILLING

REVENUES

COSTS

(In Millions)

Atwood Hunter

$       49.8

$         10.2

Atwood Falcon

40.0

7.7

Atwood Eagle

26.9

17.0

Atwood Aurora

10.8

5.3

Atwood Beacon

10.7

8.9

Vicksburg

8.1

4.1

Seahawk

-

1.6

Richmond

-

1.0

Atwood Southern Cross

-

1.4

Other

-

1.1

$     146.3

$         58.3

EXHIBIT 99.4

ATWOOD OCEANICS, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

DECEMBER 31,

SEPTEMBER 30,

2010

2010

ASSETS

CURRENT ASSETS:

   Cash and cash equivalents

$        200,209

$          180,523

   Accounts receivable

99,409

96,463

   Income tax receivable

7,266

16,052

   Inventories of materials and supplies

50,950

52,749

   Deferred tax assets

-

-

   Prepaid expenses and deferred costs

12,191

14,207

     Total Current Assets

370,025

359,994

NET PROPERTY AND EQUIPMENT

1,478,905

1,343,961

LONG TERM ASSETS:

    Other receivables

15,799

15,799

    Deferred costs and other assets

6,675

4,686

22,474

20,485

$     1,871,404

$       1,724,440

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:

  Accounts payable

$          32,660

$            37,192

  Accrued liabilities

30,470

25,368

  Income tax payable

28,501

26,367

  Deferred credits

24,970

4,533

      Total Current Liabilities

116,601

93,460

LONG-TERM DEBT

300,000

230,000

LONG TERM LIABILITIES:

    Deferred income taxes

10,639

10,845

    Deferred credits

658

2,919

    Other

17,367

17,082

28,664

30,846

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS' EQUITY:

   Preferred stock, no par value;

        1,000 shares authorized,  none outstanding

-

-

   Common stock, $1 par value, 90,000 shares

         authorized with 64,631 and 64,443 issued

         and outstanding at December 31, 2010

         and September 30, 2010, respectively

64,631

64,443

   Paid-in capital

136,062

133,095

   Retained earnings

1,225,446

1,172,596

       Total Shareholders' Equity

1,426,139

1,370,134

$     1,871,404

$       1,724,440