Hercules Offshore, the Houston-based offshore oil drilling services company, is working with FTI Consulting on its return to bankruptcy protection.
Hercules' June 12 Chapter 11 filing comes seven months after its initial foray through bankruptcy. During its first run, the company reorganized and emerged in November. But this latest foray is a plan to sell the company's assets.
The steady slump in oil prices contributed to the move. Hercules is working to woo remaining shareholders to support the plan, even though the sit behind lenders in any recovery of funds.
Travis Windle, managing director for FTI's strategic communications unit in Pittsburgh, heads the work.
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