HOUSTON, September 14, 2017-- Atwood Oceanics, Inc. (NYSE: ATW) announced today interim unaudited operations results for the months of July and August and expected cash, debt and liquidity balances for fiscal 2017 year-end:

• Fleet revenue efficiency was approximately 100% for July and 99% for August
• Cash on hand at September 30, 2017 is expected to approximate the June 30, 2017 balance of $474 million
• Long-term debt consisting of $448 million in Senior Notes and $850 million drawn on the Revolving Credit Facility at June 30, 2017 is expected to remain constant at September 30, 2017
• Liquidity at September 30, 2017 is expected to be approximately $992 million, consisting of cash on hand and availability under the Revolving Credit Facility

Rob Saltiel, President and CEO, commented, "Despite reduced operating days and significant contract preparation work on the Atwood Condor, we expect to maintain our cash balance and liquidity through this quarter due to strong operational performance, cash flow from existing contracts and our focus on cost control."

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 9 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." For more information about the Company, please visit www.atwd.com.