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  • Parker Drilling Plan of Reorganization Confirmed by

    HOUSTON, March 7, 2019 /PRNewswire -- Parker Drilling Company (OTC Pink Marketplace: PKDSQ) ('Parker' or the 'Company') today announced that the United States Bankruptcy Court for the Southern District of Texas (the 'Court') has confirmed the Amended Joint Chapter 11 Plan of Reorganization (the 'Plan') of Parker and its debtor affiliates.

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  • Parker Drilling Files for Bankruptcy With Bondholder

    2018-12-13 · Parker Drilling said it expects to complete its trip through bankruptcy during the first half of 2019. The company listed assets of roughly 937.2 million and debt totalling more than 695.4...

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  • Parker Drilling Files for Bankruptcy Protection

    2018-12-12 · Parker Drilling files for pre-arranged Chapter 11 reorganization Oilfield services provider Parker Drilling Co said it filed for bankruptcy protection on Wednesday under an agreement with a group of debtors that will allow it to quickly restructure.

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  • Parker Drilling Wins Approval for Bankruptcy Exit Plan

    2019-2-1 · Throughout the bankruptcy and restructuring process Parker intends to continue to pay employee wages, benefits and trade creditors in full, with minimum disruption expected. “Throughout this process, our firm commitment remains to provide our customers with safe, reliable and efficient operations,” added Mr Rich.

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  • Parker Drilling files for pre-packaged Chapter 11

    Parker Drilling Company of Oklahoma, Incorporated: 11: 4:2018bk36966: Dec 12, 2018: PARKER DRILLING COMPANY NORTH AMERICA, INC. 11: 4:2018bk36965: Dec 12, 2018: Parker Drilling Company of Niger: 11: 4:2018bk36964: Dec 12, 2018: Parker Drilling Arctic Operating, LLC: 11: 4:2018bk36963: Dec 12, 2018: Parker Aviation, Inc. 11: 4:2018bk36962: Dec 12, 2018: Pardril, Inc. …

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  • Parker Drilling filing for bankruptcy - Chron

    2018-12-12 · PARKER DRILLING COMPANY (NYSE:PKD) Files An 8-K Bankruptcy or ReceivershipItem 1.03 PARKER DRILLING CO /DE ExhibitEX-10.1 2 d873326dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION PARKER ...

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  • Company Bankruptcy Information for Parker Drilling

    2019-7-18 · Parker Drilling (market cap 270 million) has its head office in Greenway Plaza. The company is an international provider of contract drilling and drilling-related services. It has operations in 20 countries. The business entered into pre-packaged bankruptcy proceedings in December 2018 and emerged at the end of March.

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  • PARKER DRILLING COMPANY (NYSE:PKD) Files An 8-K

    2019-3-27 · Mar 26, 2019, 17:19 ET HOUSTON, March 26, 2019 /PRNewswire -- Parker Drilling Company ('Parker' or the 'Company') today announced that it has successfully completed its financial restructuring and...

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  • Parker Drilling Files for Bankruptcy Protection

    2018-12-12 · Parker Drilling files for pre-arranged Chapter 11 reorganization. Oilfield services provider Parker Drilling Co said it filed for bankruptcy protection on Wednesday under an agreement with a group of debtors that will allow it to quickly restructure.

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  • Parker Drilling Company | CreditRiskMonitor

    2019-1-10 · Parker Drilling Company. 2018 proved to be a calamitous year for the Parker Drilling Company. A provider of contract drilling, as well as rental tools and services, PDC was highlighted by CreditRiskMonitor six months before their eventual Chapter 11 filing as a public company fraught with bankruptcy …

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  • Parker Drilling files for pre-packaged Chapter 11

    To implement the terms of the RSA, Parker has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas. The company’s non-US subsidiaries and certain US subsidiaries are excluded from the filing and will not be affected.

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  • Parker Drilling Files for Chapter 11 Bankruptcy | Rigzone

    Texas Southern Bankruptcy Court. CASE NUMBER 4:2018bk36967. TYPE CHAPTER Voluntary 11. × Case Information. This case has a LEAD CASE: Parker Drilling Company. When following such a bankruptcy, it is important to follow the lead case. When we detect a group of jointly administered cases, we mark the associated and lead cases. ...

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  • Company Bankruptcy Information for Parker Drilling

    2018-12-12 · PARKER DRILLING COMPANY (NYSE:PKD) Files An 8-K Bankruptcy or ReceivershipItem 1.03 PARKER DRILLING CO /DE ExhibitEX-10.1 2 d873326dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION PARKER ...

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  • PARKER DRILLING COMPANY (NYSE:PKD) Files An 8-K

    2018-12-12 · Houston-based Parker listed total debts of 695.5 million and assets of 937.2 million in its bankruptcy petition. The drilling company, which has not turned an annual profit since 2014, owes 585 ...

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  • Parker Drilling files for pre-arranged Chapter 11 ...

    2019-3-8 · HOUSTON, March 7, 2019 /PRNewswire -- Parker Drilling Company (OTC Pink Marketplace: PKDSQ) ('Parker' or the 'Company') today announced that the United States Bankruptcy …

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  • Parker Drilling Plan of Reorganization Confirmed by

    2018-12-12 · On December 12, 2018 (the “Petition Date”), Parker Drilling Company (“Parker”) and certain of its U.S. subsidiaries (together with Parker, the “Company”), commenced voluntary Chapter 11 proceedings and filed a prearranged plan of reorganization (the “Plan”) under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court ...

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  • Form 8-K - SEC

    2019-7-18 · Parker Drilling (market cap 270 million) has its head office in Greenway Plaza. The company is an international provider of contract drilling and drilling-related services. It has operations in 20 countries. The business entered into pre-packaged bankruptcy proceedings in December 2018 and emerged at the end of March.

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  • Parker Drilling Wins Approval for Bankruptcy Exit Plan

    To implement the terms of the RSA, Parker has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas. The company’s non-US subsidiaries and certain US subsidiaries are excluded from the filing and will not be affected.

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  • Parker Drilling files for pre-packaged Chapter 11

    2018-12-12 · Case Information. This case has a LEAD CASE: Parker Drilling Company. When following such a bankruptcy, it is important to follow the lead case. When we detect a group of jointly administered cases, we mark the associated and lead cases. The case information tab of the case page will show whether a case is associated with a lead case, or is a ...

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  • Parker Drilling Files for Chapter 11 Bankruptcy | Rigzone

    2018-12-12 · PARKER DRILLING COMPANY (NYSE:PKD) Files An 8-K Bankruptcy or ReceivershipItem 1.03 PARKER DRILLING CO /DE ExhibitEX-10.1 2 d873326dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION PARKER ...

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  • Company Bankruptcy Information for Parker Drilling ...

    2018-12-12 · These actions follow the company's announcement that it had commenced voluntary Chapter 11 proceedings and filed a prearranged plan of reorganization under Chapter 11 of the United States Bankruptcy Code. Moody's will withdraw all ratings for the company in the near future. Downgrades: ..Issuer: Parker Drilling Company

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  • Parker Drilling Bankruptcy Kicks off “Oil Bust 2” | Wolf ...

    2019-3-8 · HOUSTON, March 7, 2019 /PRNewswire -- Parker Drilling Company (OTC Pink Marketplace: PKDSQ) ('Parker' or the 'Company') today announced that the United States Bankruptcy …

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  • PARKER DRILLING COMPANY (NYSE:PKD) Files An 8-K

    2019-7-18 · Parker Drilling (market cap 270 million) has its head office in Greenway Plaza. The company is an international provider of contract drilling and drilling-related services. It has operations in 20 countries. The business entered into pre-packaged bankruptcy proceedings in December 2018 and emerged at the end of March.

    Get Price
  • Parker Drilling Files for Bankruptcy Protection

    2018-12-12 · Parker Drilling files for pre-arranged Chapter 11 reorganization. Oilfield services provider Parker Drilling Co said it filed for bankruptcy protection on Wednesday under an agreement with a group of debtors that will allow it to quickly restructure.

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  • Parker Drilling files for pre-packaged Chapter 11

    To implement the terms of the RSA, Parker has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas. The company’s non-US subsidiaries and certain US subsidiaries are excluded from the filing and will not be affected.

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  • Parker Drilling Files for Chapter 11 Bankruptcy | Rigzone

    2018-12-14 · On December 12, 2018, Parker Drilling Company and its subsidiaries (“Debtors”), oilfield service companies headquartered in Houston, filed pre-negotiated chapter 11 cases in the United Stated Bankruptcy Court for the Southern District of Texas. The Honorable Marvin Isgur is presiding over the cases. The Companies operate in two lines of businesses: (a) drilling services (i.e., oil, natural

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  • Houston-Based Parker Drilling Company Files Pre

    2018-12-12 · PARKER DRILLING COMPANY (NYSE:PKD) Files An 8-K Bankruptcy or ReceivershipItem 1.03 PARKER DRILLING CO /DE ExhibitEX-10.1 2 d873326dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION PARKER ...

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  • PARKER DRILLING COMPANY (NYSE:PKD) Files An 8-K

    2018-12-12 · Houston-based Parker listed total debts of 695.5 million and assets of 937.2 million in its bankruptcy petition. The drilling company, which has not turned an annual profit since 2014, owes 585 ...

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  • Parker Drilling Bankruptcy Kicks off “Oil Bust 2” | Wolf ...

    Mr. Parker is also a member of the Board of Trustees of Schreiner University. Mr. Parker brings significant experience in the oil and gas service industry through his more than 40 years with the Company, and his prior leadership in the International Association of Drilling Contractors and the American Petroleum Institute.

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  • Parker Drilling files for pre-arranged Chapter 11 ...

    Rentals Sales & Operations, iTS (a Parker Drilling Company) Address: Plot Nos 4H-02 and 4H-03, Phase 2, Sharjah Hamriyah Free Zone, Sharjah, P.O. Box 42150, United Arab Emirates Phone: +971 4 350 5500 Fax: +971 4 350 5599

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  • Board of Directors - Parker Drilling

    Corporate Office. 2103 CityWest Blvd, Suite 400 Houston, TX 77042-2835 United States. Tel. +1 281-406-2000

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  • Moody's downgrades Parker Drilling's PDR to D-PD

    2018-12-12 · These actions follow the company's announcement that it had commenced voluntary Chapter 11 proceedings and filed a prearranged plan of reorganization under Chapter 11 of the United States Bankruptcy Code. Moody's will withdraw all ratings for the company in the near future. Downgrades: ..Issuer: Parker Drilling Company

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  • Parker Drilling Co. applied for bankruptcy protection ...

    2018-12-14 · The measure is to allow Parker Drilling Co. to restructure quickly. The plan presented by the Company will reduce capital debt by two thirds. The Company expects to exit bankruptcy protection at the beginning of 2019 and the Company’s management remains unchanged. Parker Drilling Co. indicated that the total amount of debt was USD 695.5 million.

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  • Alvarez & Marsal Advise Parker Drilling on

    2019-3-12 · The United States Bankruptcy Court for the Southern District of Texas confirmed the amended joint Chapter 11 plan of reorganization of Parker Drilling and its debtor affiliates.. Alvarez & Marsal will serve as the company’s financial advisor during the bankruptcy process.. The plan calls for the issuance of equity and a new 210 million second-lien term loan due 2024 to holders of Parker’s ...

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  • Parker Drilling announces RSA and Chapter 11 to

    2018-12-18 · Another victim of the ongoing volatility across the sector, oilfield services provider Parker Drilling Company has entered into a restructuring support agreement (RSA) in a bid to reduce its spiralling debt and obtain access to capital commitments. To implement the terms of the RSA, Parker has voluntarily filed for Chapter 11 protection.

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  • Parker Drilling shares slide 60%, bonds tumble as

    2018-12-12 · Parker Drilling Co.'s shares PKD, -2.17% slid about 60% Wednesday, after the company announced it has filed for a pre-arranged Chapter 11 restructuring, as it works to reduce its debt burden.

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  • Parker Drilling Company - Contract Adjustment Option ...

    2021-5-17 · Fractional Parker Drilling Company Common Shares and warrants were rounded up or down to the nearest whole share or warrant. Parker Drilling Company Common Shares began trading on NYSE on April 3, 2019, under the symbol “PKD”. The Parker Drilling Company Warrants started trading on an over-the-counter market on May 14, 2021 under

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  • Parker Drilling Can't Go Any Lower, So It Seems

    2019-4-16 · Parker Drilling asserts that 43 U.S.C. § 1333(a)(1) puts the OCS on equal legal footing with federal territories located within a state. Thus, Parker Drilling maintains that state law can only be used for gap‑filling purposes because state law is only used for such purposes in these federal territories.

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  • Parker Drilling Management Services, Ltd. v. Newton |

    Represented an ad hoc group of noteholders in the Parker Drilling Company bankruptcy, including a ABL credit facility and second lien term facility following Parker Drilling Company’s exit from bankruptcy …

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  • Jaisohn Jungbin Im - Akin Gump

    2021-1-13 · Borr Drilling has been teetering on the brink of bankruptcy in the wake of last year's crash in crude oil prices. While the company believes it has a plan to make it through this downturn intact ...

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