ATWOOD OCEANICS DECLARES QUARTERLY CASH DIVIDEND

FOR IMMEDIATE RELEASE

HOUSTON, August 20, 2015 -- Atwood Oceanics, Inc.  (NYSE: ATW) announced today that its board of directors has declared a quarterly cash dividend of $0.25 per share of common stock, payable on October 8, 2015 to shareholders of record as of 5:00 p.m., New York City time, on October 1, 2015.

Atwood Oceanics, Inc. is a leading offshore drilling company engaged in the drilling and completion of exploration and development 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.aspxIID=4010374&GKP=210376.

Contact: Mark W. Smith

Senior Vice President and CFO

(281) 749-7840

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