Is Pacific Drilling going out of business?

Is Pacific Drilling going out of business?

Offshore drilling contractor Pacific Drilling has completed its balance-sheet restructuring and has emerged from the Chapter 11 process. The plan was confirmed by the United States Bankruptcy Court for the Southern District of Texas on 21 December 2020. …

Did Noble buy Pacific Drilling?

Offshore drilling contractor Noble Corporation has completed the acquisition of Houston-based offshore driller Pacific Drilling, effective 15 April 2021. The merger agreement was unanimously approved by each company’s board of directors and by the majority of Pacific Drilling’s equity holders.

What does Pacific Drilling do?

Pacific Drilling SA offers ultra-deepwater drilling services to the oil and natural gas production industry. The Company rents its drilling rigs, related equipment and work crews on a day rate basis to drill wells for its customers. Pacific Drilling operates worldwide.

Is Pacific Drilling public?

In November 2011, Pacific Drilling completed an initial public offering and was listed on the New York Stock Exchange under the symbol “PACD.” Today, Pacific Drilling has nearly 1,000 employees, with offices in Houston, Texas, Brazil, Nigeria and Luxembourg. …

What happens to my Pacific Drilling stock?

Only days after the Chapter 11 filing, the trading of Pacific Drilling common shares on the New York Stock Exchange (NYSE) was suspended and the drilling contractor was delisted. The company’s common shares started trading in the over-the-counter (OTC) market on the Pink Open Market on 3 November.

Will Pacd survive?

The Company’s NYSE ticker symbol “PACD” will be discontinued and its OTC ticker symbol will be “PACDQ.” Until completion of the Chapter 11 proceedings, shareholders will continue to own their Company common shares and commencing November 3, 2020 will be able to trade them on the Pink Open Market.

Who is Pacific Drilling?

Pacific Drilling is an industry leading offshore drilling company that provides global deepwater drilling services to the oil and natural gas industry through the use of high-specification drillships. Our corporate offices are located in Houston and Luxembourg, with offices in Brazil and Nigeria.

Who bought Pacific Drilling?

Noble Corporation
SUGAR LAND, Texas, April 16, 2021 /PRNewswire/ — Noble Corporation (“Noble”) today announced the completion of its acquisition of Pacific Drilling Company LLC (“Pacific Drilling”), effective on April 15, 2021.

Is Pacific Drilling a good investment?

If you are looking for stocks with good return, Pacific Drilling S.A can be a profitable investment option. Based on our forecasts, a long-term increase is expected, the “PACDQ” stock price prognosis for 2023-12-13 is 157.631 USD.

What happened to Pacd?

Is Pacific Drilling a good stock?

If you are looking for stocks with good return, Pacific Drilling SA stock can be a bad, high-risk 1-year investment option. Pacific Drilling SA real time quote is equal to 0.0389 USD at 2021-08-19, but your current investment may be devalued in the future.

Who owns Noble Drilling?

Noble Corporation
Noble Holding (U.S.) Corporation
Noble Drilling Services Inc/Parent organizations

What do you need to know about Pacific Drilling?

As a thriving drilling contractor, we seek and hire dedicated, passionate people who want to grow with us. Imagine a company primed with potential, a challenging and supportive environment, and the most advanced deepwater drillships. If that vision is inspiring, Pacific Drilling may be the place for you.

Who are the owners of the Pacific drilling fleet?

Pacific Drilling’s high specification ultra-deepwater drillship fleet further enhances Noble’s global position as an owner and operator of one of the most modern and technically advanced fleets in the offshore drilling industry.

Is it safe to drill in the Pacific Ocean?

In April 2017, a Presidential Executive Order threatened to re-open the Pacific coast to expanded offshore oil and gas drilling, placing invaluable ocean resources and coastal economies at risk. Now is the time to protect the coast from expanded offshore drilling.

Are there any oil spills in the Pacific Ocean?

However, offshore drilling related spills and chronic oil leaks put wildlife, the ocean economy, and the health of communities at risk. In April 2017, a Presidential Executive Order threatened to re-open the Pacific coast to expanded offshore oil and gas drilling, placing invaluable ocean resources and coastal economies at risk.