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(Adds comment on timing of bankruptcy, support from creditors, details on balance sheet and financial results) July 23 (Reuters) - Hercules Offshore Inc, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, said on Thursday it plans to file for creditor protection in about three weeks and emerge several months later with a restructured balance sheet. The small company, which rents out jackup rigs to drill shallow water wells that tend to yield less than giant deepwater ones, has been struggling for months because of an oversupplied rig market and slumping oil prices that have forced producers to slash spending. In November it cut 15 percent of its workforce, or 324 jobs, and last month started talks with creditors for an orderly bankruptcy filing. Hercules said on Thursday it has support for the filing from holders of over two thirds of its collective outstanding debt. It added that the prepackaged process will reduce the time it spends in bankruptcy protection, which it hopes to leave early in the fourth quarter. The company's balance sheet lists $266 million in current assets and $1.35 billion in current liabilities. Hercules shares were down 5.8 percent at 15.35 cents on Thursday afternoon. It posted a second-quarter net loss of $88.3 million, compared with net income of $6.6 million in the same period a year ago. (Reporting by Sneha Banerjee and Narottam Medhora in Bengaluru; Editing by Savio D'Souza, Terry Wade and Andrew Hay)
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Hercules Offshore, Inc.
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CODE : HERO |
ISIN : US4270931094 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Hercules Offshore est une société basée aux Etats-Unis D'Amerique. Hercules Offshore est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 82,0 milliards US$ (76,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 12 octobre 2015 à 0,05 US$, et son plus haut niveau récent le 26 avril 2024 à 19,61 US$. Hercules Offshore possède 4 183 629 824 actions en circulation. |