Parker Wellbore Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Chapter 11 Emergence (Tables)

Chapter 11 Emergence (Tables)

12 Months Ended

Dec. 31, 2019

Reorganizations [Abstract]

Schedule of Expenses Incurred Subsequent to and as a Direct Result of Chapter 11 Cases

Reorganization items consisted of:



	Successor					Predecessor
	Nine Months Ended December 31,					Three Months Ended March 31,				Year Ended December 31,
Dollars in thousands	2019					2019				2018
Gain on settlement of liabilities subject to compromise	$	—				$	(191,129	)		$	—
Fresh start valuation adjustments	—					242,567				—
Professional fees	1,173					30,107				2,251
Backstop premium on the rights offering paid in stock	—					11,033				—
Predecessor 6.75% senior notes, due July 2022 - unamortized debt issuance costs	—					—				3,775
Predecessor 7.50% senior notes, due August 2020 - unamortized debt issuance costs	—					—				1,580
Predecessor 2015 secured credit agreement - unamortized debt issuance costs	—					—				1,208
Debtor in possession facility costs	—					—				975
Other	—					399				—
Reorganization items	$	1,173				$	92,977			$	9,789

Supplemental cash flow information related to reorganization items paid is as follows:



	Successor					Predecessor
	Nine Months Ended December 31,					Three Months Ended March 31,				Year Ended December 31,
Dollars in thousands	2019					2019				2018
Reorganization items paid	$	22,168				$	8,617			$	—

Schedule of Liabilities Subject to Compromise

Liabilities subject to compromise consisted of:



	Successor					Predecessor
Dollars in thousands	December 31, 2019					December 31, 2018
Predecessor 6.75% senior notes, due July 2022	$	—				$	360,000
Predecessor 7.50% senior notes, due August 2020	—					225,000
Accrued interest on predecessor senior notes	—					15,996
Liabilities subject to compromise	$	—				$	600,996