ATWOOD OCEANICS DECLARES ADJUSTED QUARTERLY CASH DIVIDEND

FOR IMMEDIATE RELEASE

HOUSTON, November 19, 2015 -- Atwood Oceanics, Inc.  (NYSE: ATW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.075 per share of common stock, as compared to the previous quarterly dividend of $0.25 per share.  The dividend will be payable on January 13, 2016 to shareholders of record as of 5:00 p.m., New York City time, on January 6, 2016.  The decision to reduce the dividend considered the current uncertainty in the offshore drilling industry.

Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in the drilling and completion of exploratory and developmental wells for the global oil and gas industry. The Company currently owns 11 mobile offshore drilling units and is constructing two ultra-deepwater drillships.  The Company was founded in 1968 and is headquartered in Houston, Texas.  Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol "ATW."

As part of our ongoing commitment to our shareholders, Atwood Oceanics uses a variety of Social Networks sites to disseminate company information.  For a full list of the official Social Media pages for Atwood Oceanics, please visit the Social Media Disclaimer page of our IR site at: http://ir.atwd.com/GenPage.aspx?IID=4010374&GKP=210376.

Contact: Mark W. Smith
Senior Vice President and CFO
[phone]

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Source: Atwood Oceanics, Inc. via Globenewswire

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