Parker aims to sell rigs after first deal falls apart; $200 million will go toward debt
Petroleum News Houston staff
Parker Drilling, after its first deal fell apart, said it will try again to sell rigs and use the anticipated $200 million in proceeds to help retire debt and put the struggling company on sounder financial footing.
Parker said in an Aug. 4 conference call that it had hoped to cinch a deal Aug. 1,....
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