Parker Wellbore Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Chapter 11 Emergence (Tables)

Chapter 11 Emergence (Tables)

9 Months Ended

Sep. 30, 2019

Reorganizations [Abstract]

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

Reorganization items consisted of:



	Successor					Predecessor
	Three Months Ended September 30,					Three Months Ended September 30,
Dollars in thousands	2019					2018
Gain on settlement of liabilities subject to compromise	$	—				$	—
Fresh start valuation adjustments	—					—
Professional fees	211					—
Backstop premium on the rights offering paid in stock	—					—
Other	—					—
Reorganization items	$	211				$	—



	Successor					Predecessor
	Six Months Ended September 30,					Three Months Ended March 31,				Nine Months Ended September 30,
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				—
Backstop premium on the rights offering paid in stock	—					11,033				—
Other	—					399				—
Reorganization items	$	1,173				$	92,977			$	—

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



	Successor					Predecessor
	Six Months Ended September 30,					Three Months Ended March 31,				Nine Months Ended September 30,
Dollars in thousands	2019					2019				2018
Reorganization items paid	$	22,081				$	8,617			$	—

Schedule of Liabilities Subject to Compromise

Liabilities subject to compromise consisted of:



	Successor					Predecessor
Dollars in thousands	September 30, 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