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Hercules Offshore files for bankruptcy protection

Thu 13th August, 2015 1:46pm
Aug 13 (Reuters) - Oil and gas drilling contractor Hercules 
Offshore Inc  HERO.O  filed for Chapter 11 bankruptcy on 
Thursday, hurt by falling demand as producers and explorers cut 
spending. 
    Hercules said it expects its reorganization to conclude in  
45-60 days and that it will receive court approval to pay 
employee wages and benefits without interruption.  ID:nPnpvrsz  
 
 (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by 
Ted Kerr) 
 ((shubhankar.c@thomsonreuters.com; within U.S. +1 646 223 8780 
outside U.S. +91 80 6749 3428; Reuters Messaging: Reuters 
Messaging: shubhankar.c.thomsonreuters.com@reuters.net)) 
 
Keywords: HERCULES OFFSHRE BANKRUPTCY/
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