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

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

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

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