Diamond Offshore Drilling posts $67.16 million net loss for February

By Sarah Lizee

Olympia, Wash., March 22 – Diamond Offshore Drilling Inc. reported a $67.16 million net loss for the period of Feb. 1 through Feb. 28 on $41.44 million in revenue, according its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company reported a $46.53 million net loss for January on $41.69 million in revenue.

The company listed $350.73 million in cash as of Feb. 28, compared to $381.15 million at the end of January.

The offshore oil and gas drilling contractor is based in Houston. The company filed bankruptcy on April 26, 2020 under Chapter 11 case number 20-32307.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.