_____________________________________________________________________

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF EARLIEST EVENT REPORTED: JANUARY 15, 2008

ATWOOD OCEANICS, INC.

(Exact name of registrant as specified in its charter)

COMMISSION FILE NUMBER 1-13167

TEXAS
(State or other jurisdiction of incorporation or organization)

Internal Revenue Service – Employer Identification No. 74-1611874

15835 Park Ten Place Drive, Houston, Texas, 77084
(281) 749-7800

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 REGULATION FD DISCLOSURE

     We currently expect total drilling costs for the first quarter of fiscal year 2008 to be around $52 million and our effective tax rate for the quarter and year to be between 10% and 14%.

     In our Form 8-K filed on November 28, 2007, we stated that results for the first quarter of fiscal year 2008 could be negatively impacted by approximately $1.7 million due to a dayrate billing disagreement. We now expect to settle this disagreement with only a $900,000 negative impact on results for the quarter (approximately $0.03 reduction in diluted earnings per share).

     Additional information with respect to the Company’s Fleet Status Report at January 15, 2008 is attached hereto as Exhibit 99.1. Such information is being furnished under Regulation FD and should not be deemed to be filed under Section 19 of the Exchange Act.

Statements contained in this report with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors including; the Company's dependence on the oil and gas industry; the risks involved the construction of a rig; competition; operating risks; risks involved in foreign operations; risks associated with possible disruption in operations due to terrorism; risks associated with a possible disruption in operations due to a war with Iraq; and governmental regulations and environmental matters. A list of additional risk factors can be found in the Company's annual report on Form 10-K for the year ended September 30, 2007, filed with the Securities and Exchange Commission.

ITEM 9.01 EXHIBITS

EXHIBIT 99.1 Fleet Status Report at January 15, 2008

EXHIBIT INDEX

EXHIBIT NO. DESCRIPTION

99.1

Fleet Status Report at January 15, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		ATWOOD OCEANICS, INC
		(Registrant)



		/s/ James M. Holland James M. Holland Senior Vice President

		DATE: January 15, 2008

RIG NAME		RATED WATER DEPTH	LOCATION	CUSTOMER	ESTIMATED CONTRACT END DATE		ESTIMATED CONTRACT DAYRATE	UNAUDITED AVERAGE PER DAY OPERATING COSTS (NOT INCLUDING TAX) FOR THE THREE MONTHS ENDED NOVEMBER 30, 2007/MONTH ENDED NOVEMBER 30, 2007 ONLY	ADDITIONAL COMMENTS
SEMISUBMERSIBLES:
ATWOOD EAGLE		5000’	Australia	BHP BILLITON PETROLEUM PTY (“BHPB”)	FIRM WORK – (3 wells) May 2008		3 well s at approximately $170,000	$123,000/$124,000 (We expect a reduction in December costs with the average for the quarter more in line with guidance of $110,000)	A portion of the dayrate is subject to some change due to currency exchange rate variance.
			Australia	ENI Spa AGIP EXPLORATION & PRODUCTION DIVISION (“ENI”)	FIRM WORK – (1 well) July 2008		$360,000	N/A	We expect the well to take 40 to 45 days to complete.
			Australia	WOODSIDE ENERGY LTD (“WOODSIDE”)	FIRM WORK – (2 years) July 2010		$405,000	N/A	A portion of the dayrate is subject to some change due to currency exchange rate variance.
			Australia	CHEVRON AUSTRALIA PTY. LTD. (“CHEVRON”)	FIRM WORK – (Until new semisubmersible arrives in Australia) February/March 2011		$430,000/$450,000	N/A	Subject to change due to cost escalation provision of contract.
			Australia	CHEVRON	OPTION WORK – Has option to continue to use rig for a mutually agreed term after the new semisubmersible arrives in Australia.		$430,000/$450,000	N/A	Subject to change due to cost escalation provision of contract.
			Australia	N/A	N/A		N/A	N/A	The rig incurred fourteen (14) zero rate days during the first quarter of fiscal year 2008 for required regulatory inspections and planned maintenance.
ATWOOD HUNTER		5,000’	SHIPYARD	N/A	January 2008 (Estimated to leave the shipyard around January 25, 2008)		ZERO RATE	$76,000/$81,000
			Tow to Mauritania	WOODSIDE (Reinstatement of suspended contract)	February 2008 (Estimated 21 Days)		$228,000	N/A
			Mauritania	WOODSIDE	FIRM WORK August 2008		$240,000	N/A
			TBD	N/A	N/A		N/A	N/A	In the first quarter of fiscal year 2008, the rig has incurred three (3) zero rate day due to an equipment related issue. The rig could incur ten (10) zero rate days in the fourth quarter of fiscal year 2009 for regulatory inspections.
ATWOOD FALCON		5,000’	Malaysia	SARAWAK SHELL BERHAD (“SHELL”)	FIRM WORK – July 2009		$160,000/ $200,000 (dayrate depends on water depth of each well) plus approximately $24,000 of amortized per day revenue	$ 55,000/$54,000	Most of the work during this period is expected to be at the $160,000 dayrate level. (The rig could incur 5 to 10 zero rate days during the fourth quarter of fiscal year 2008 or first quarter of fiscal year 2009 due to required regulatory inspections.)
			Malaysia	SHELL	OPTION – (1 year)		TBD	N/A
ATWOOD SOUTHERN CROSS	2,000’		Mobilizing out of Black Sea (estimated to take 15 to 20 days)		FIRM WORK – January 2008		$100,000	$71,000/$75,000
			Turkey	TURKIYE PETROLLERI A.O. (“TPAO”)	FIRM WORK – March 2008		$320,000	N/A
			Italy	ENI Spa AGIP EXPLORATION & PRODUCTION DIVISION (“ENI”)	FIRM WORK – Mobilization (estimated ten (10) days) March 2008		$365,000	N/A
			Italy	ENI	FIRM WORK – Italian Certification (estimated ten (10) days) March/April 2008		$395,000	N/A
			Italy	ENI	FIRM WORK – (2 Wells) August 2008		$406,000	N/A
			Italy	ENI	OPTIONS – (2 Wells) November 2008 (if both wells drilled)		$406,000	N/A
			TBD	N/A	N/A		N/A	N/A	The rig could incur four to ten zero rate days during the second quarter of fiscal year 2008 for some maintenance work.
CANTILEVER JACK-UPS:
ATWOOD BEACON	400’		India	GUJARAT STATE PETROLEUM CORPORATION LTD (“GSPC”)	FIRM WORK – January 2008		$113,000	$47,000/$48,000
			India	GSPC	FIRM WORK – (12 months) January 2009		$133,500	N/A		The rig could incur three (3) zero rate days during the second quarter of fiscal year 2008 for required inspections.
			India	GSPC	OPTIONS – (1 year)		TBD	N/A

VICKSBURG	300’		Thailand	CHEVRON OVERSEAS PETROLEUM (“CHEVRON”)	FIRM WORK – June 2009		$154,000	$43,000/$43,000
SEMISUBMERSIBLE TENDER ASSIST UNIT:
SEAHAWK	1,800’		Equatorial Guinea	AMERADA HESS EQUATORIAL GUINEA, INC. (“HESS”)		FIRM WORK – September 2008	$76 , 000 (plus approximately $ 19,000 of amortized per day revenue.)	$91,000/$89,000		Contract provides for dayrate increases based upon certain cost escalations as well as an approximately $15,000 per day reduction during periods when the rig is being relocated to a new drilling site. In the first quarter of fiscal year 2008, the rig incurred sixteen (16) zero rate days due to equipment related issues.
			Equatorial Guinea	HESS		OPTIONS – (2 years) September 2010 (if all four six-month options are exercised)	$76,000	N/A		Dayrate subject to increase due to contract cost escalations.
SUBMERSIBLE :
RICHMOND	70’		US Gulf of Mexico	SHIPYARD		Mid-February 2008		$ 27,000/$15,000		The rig is currently in a shipyard undergoing an approximate $17 million of life enhancing upgrades, which currently is expected to take until mid-February 2008 to complete.
			US Gulf of Mexico	HELIS OIL & GAS		FIRM WORK - March 2008 (This one well commitment could be deferred)	$80,000 for approximately 30 days/$65,000 thereafter	N/A
			US Gulf of Mexico	CONTANGO OPERATIONS INC. (“CONTANGO”)		FIRM WORK – (2 Wells) July 2008	$65,000	N/A
			US Gulf of Mexico	CONTANGO		OPTION – (1 Well) September 2008	$65,000	N/A