Pacific Drilling S.A.

Pacific Drilling S.A. announced today that it has provided Notice of its Annual General Meeting to be held on May 22, 2018. The Notice of Annual General Meeting is being distributed to the Company’s common shareholders of record as of April 6, 2018 in advance of the Annual General Meeting, which will be held on May 22, 2018 at 10:00 a.m. at the Company’s registered office, located at 8-10 Avenue de la Gare [...]

Pacific Drilling S.A. today announced a net loss for fourth-quarter 2017 of $129.7 million, or $6.08 per diluted share, compared to a net loss for third-quarter 2017 of $157.5 million, or $7.38 per diluted share. Net loss for full-year 2017 was $525.2 million, or $24.64 per diluted share. On November 12, 2017 , we and certain of our subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 of the [...]

Pacific Drilling S.A. today announced that the United States Bankruptcy Court for the Southern District of New York has granted the relief requested by the Company in certain first day motions related to ordinary course business activities, subject to certain modifications at the request of the Court, the United States Trustee and stakeholders. The approved motions give us the authority to, among other things, continue to [...]

Pacific Drilling S.A. today announced that, with the aim to optimize its capital structure pending recovery in the floating rig drilling industry, it and certain of its domestic and international subsidiaries have filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company intends to use the Chapter 11 process to [...]

Pacific Drilling S.A. (NYSE: PACD) announced today that it has received notice from NYSE Regulation, Inc. that trading of the Company’s common stock on the New York Stock Exchange ("NYSE") was suspended after market close today, September 12, 2017. The NYSE stated that the Company was not in compliance with the NYSE's continued listing standard, which currently requires a company with listed common stock to maintain [...]

Pacific Drilling S.A. (NYSE: PACD) today announced that it has received notice from the New York Stock Exchange, Inc. (“NYSE”) that the Company is considered to be “below compliance” with NYSE’s continued listing standards for a listed company. The two NYSE continued listings standards applicable to the Company that it is at risk of failing to satisfy are maintenance of: Average market [...]

Pacific Drilling S.A. (NYSE: PACD) today announced a net loss for second-quarter 2017 of $138.1 million or $6.48 per diluted share, compared to a net loss of $99.8 million or $4.69 per diluted share for first-quarter 2017, and net income of $8.2 million or $0.39 per diluted share for second-quarter 2016. CEO Paul Reese said, “Despite a very challenging market which has significantly impacted our revenues, we [...]

Pacific Drilling S.A. (NYSE: PACD) today announced that Christian J. Beckett, the Company’s Chief Executive Officer, has stepped down from his positions as CEO and as a member of the Board effective today to pursue other opportunities. The Company also announced that Paul T. Reese, the Company’s current Executive Vice President and Chief Financial Officer, has been promoted to serve as Chief Executive Officer [...]

Pacific Drilling V Limited (the “Issuer”), a wholly owned subsidiary of Pacific Drilling S.A. (NYSE: PACD) (together with its subsidiaries, the “Company”) announced today the results, as of 5:00 p.m. Eastern Daylight Time on July 19 (the “Early Consent Deadline”) of its previously announced private consent solicitation in respect of its 7.25% Senior Secured Notes due December 1, 2017 [...]

Pacific Drilling S.A. (NYSE: PACD) (together with its subsidiaries, the “Company”) announces the following preliminary results for the second quarter 2017, in connection with the consent solicitation announced today. These results have not been reviewed by its independent auditors. Contract drilling revenue for the second quarter 2017 is expected to be in the range of $66.0 million to $68.0 million, compared [...]