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PACIFIC DRILLING S.A.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Nov 6, 2020. Its latest SEC filing is a 15-15D from Mar 9, 2023.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Contracts high-specification drillships to provide deepwater offshore drilling services to oil and gas companies.

Who Were Their Customers?

Oil and gas companies, including major international and national producers and independent exploration and production companies, hire Pacific Drilling under drilling contracts.

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q3 FY2020, the three months to Sep 30, 2020
Revenue
▼ −15%
vs $54.3M in Q3 FY2019
Net income
▼ −23% (Loss)
vs −$90.8M in Q3 FY2019
  • Dec 28, 2020 Court confirms plan transferring ownership to noteholders Existing common shareholders receive no recovery under the plan.
  • Nov 3, 2020 NYSE suspends trading and starts delisting process Pacific Drilling said it would not appeal; its shares began trading on the OTC market.
  • Nov 2, 2020 Company files for bankruptcy and agrees to a debt restructuring The proposed plan would give noteholders new equity and cancel existing equity.

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