UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
BAYARD DRILLING TECHNOLOGIES, INC.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
072700-10-7
(CUSIP Number)
December 31, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
Page 1 of 4 Pages
<PAGE>
CUSIP No. 072700-10-7
1. Names of Reporting Persons.
CHARLES E. DAVIDSON
I.R.S. Identification Nos. of Above Persons (entities only)
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization United States
Number of Shares 5. Sole Voting Power 0
Beneficially
Owned by Each 6. Shared Voting Power 0
Reporting
Person With 7. Sole Dispositive Power 0
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person 0
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) [ ]
11. Percent of Class Represented by Amount in Row 9 0%
12. Type of Reporting Person (See Instructions) IN
Page 2 of 4 Pages
<PAGE>
Item 1.
(a) The name of the issuer is BAYARD DRILLING TECHNOLOGIES, INC. (the
"Issuer").
(b) The principal executive office of the Issuer is located at 4005
Northwest Expressway, Suite 550E, Oklahoma City, Oklahoma 73116.
Item 2.
(a) This statement is being filed by Charles E. Davidson (the "Reporting
Person").
(b) The principal business and office address for the Reporting Person is
c/o Wexford Management LLC, 411 West Putnam Avenue, Suite 125,
Greenwich, Connecticut 06930.
(c) The Reporting Person is a United States citizen.
(d) This class of securities to which this statement relates is the
common stock, par value $.01 per share, of the Issuer (the "Common
Stock"). This statement amends the statement on Schedule 13G, dated
June 11, 1998, filed by the Reporting Person in respect of the Common
Stock.
(e) The CUSIP number for the Common Stock is 072700-10-7.
Item 3.
Not applicable.
Item 4. Ownership.
The Reporting Person no longer owns any shares of the Common Stock.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following / X /.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent holding Company
Not applicable.
Item 8. Identification and Classification of Members of the group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Page 3 of 4 Pages
<PAGE>
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Dated: January 26, 1999
/S/ CHARLES E. DAVIDSON
-----------------------
CHARLES E. DAVIDSON
Page 4 of 4 Pages
