Parker Drilling Company News

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Parker Drilling Names New President, CEO
The appointment is one of several key announcements from the company during the past several quarters.
8:00 PM EST | March 24, 2020
Parker Drilling to Voluntarily Delist from the NYSE
According to public filings, the oilfield services company has received the green light from shareholders.
7:00 PM EST | February 02, 2020
Parker Drilling Files for Chapter 11 Bankruptcy
The Houston oilfield services provider has entered a restructuring process.
7:00 PM EST | December 11, 2018
Parker Drilling Appoints 2 New Board Members
Parker Drilling announced the election of two new members to its board of directors, expanding the group's membership to 10.
8:00 PM EST | April 30, 2012
Parker Drilling Names Interim CEO
Parker Drilling announces the departure of the company's president, chief executive officer and director.
7:00 PM EST | March 05, 2012
Parker Drilling Wraps Up Alaska Drilling Rigs
Parker Drilling announced that completion of its two new-design Arctic Alaska Drilling Units (AADUs) has been delayed to allow the Company to modify the rigs to meet their design and functional requirements.
7:00 PM EST | January 16, 2012
Parker Drilling Posts 1Q Financial Results
Parker Drilling reported results for the three-month period ended March 31, 2010.
8:00 PM EST | May 04, 2010
Parker Drilling Closes Senior Notes Sale at $300MM
Parker Drilling Company has closed its previously announced sale of senior notes due 2018 in a private offering that resulted in gross proceeds of $300 million.
8:00 PM EST | March 22, 2010
Parker Drilling Updates Status of Tender Offer for 2013 Senior Notes
Parker Drilling has updated on the current status of its cash tender offer and consent solicitation for any and all of the $225,000,000 outstanding principal amount of its 9-5/8% Senior Notes due 2013.
8:00 PM EST | March 21, 2010
Parker Drilling to Sell 9 1/8% Senior Notes
Parker Drilling has agreed to sell 9 1/8% senior notes due 2018 in a previously announced private offering resulting in gross proceeds of $300 million.
7:00 PM EST | March 11, 2010
Parker Drilling to Raise $300MM through Private Offering
Parker Drilling intends to raise a total of approximately $300 million gross proceeds through a private offering of senior notes with an expected 8-year maturity.
7:00 PM EST | March 07, 2010
Parker Drilling Begins Tender Offer and Consent Solicitation
Parker Drilling Company commenced a cash tender offer and consent solicitation for any and all of the $225,000,000 outstanding principal amount of its 9-5/8% Senior Notes due 2013.
7:00 PM EST | March 07, 2010
Parker Drilling Charges Ahead in 'Sound Financial Condition'
"We enter 2010 in sound financial condition with sufficient resources to provide for the needs of our current operations and to fund our growth initiatives," said Parker Drilling's CEO, David C. Mannon.
7:00 PM EST | February 24, 2010
TTS to Deliver JIM 20 Roughneck for Installation on Sakhalin Rig
TTS Sense has signed a contract with Parker Drilling for a JIM 20 Multi Purpose Roughneck. This JIM 20 will be installed on a new Exxon rig built for the Sakhalin field.
7:00 PM EST | December 07, 2009
Parker Drilling Notes 3Q 2009 Financial Results
"Business activity may have neared the bottom in the third quarter and there are tentative signs that improvement is underway," said executive chairman Robert L. Parker Jr. in Parker Drilling's third quarter results.
7:00 PM EST | November 02, 2009
Parker Wins O&M Contract for BP's Liberty Rig on North Slope
Parker Drilling secured the award of an initial two-year Operations and Maintenance contract for BP's Liberty rig, a land-based rig designed to drill ultra-extended-reach wells to offshore targets in the Liberty field from the North Slope.
8:00 PM EST | August 24, 2009
Parker Drilling Names Duplantier, Schlom To High-Level Posts
Parker Drilling on Friday announced the appointments of Jon-Al Duplantier as vice president and general counsel, and Philip Schlom as principal accounting officer and corporate controller.
8:00 PM EST | August 23, 2009
Parker Drilling Strengthens Executive Team
Parker Drilling announced today the appointments of Jon-Al Duplantier as vice president and general counsel, and Philip Schlom as principal accounting officer and corporate controller.
8:00 PM EST | August 20, 2009
Parker Drilling Delivers 'Reasonable Results' for 2Q
"Despite pressures worldwide on contractors and service providers to the energy exploration and development markets, Parker Drilling delivered reasonable results for the quarter," said Robert L. Parker Jr., chairman and chief executive officer.
8:00 PM EST | July 30, 2009
ExxonMobil, Chevron Boost Broad Market
ExxonMobil and Chevron outpaced gains in the Dow Jones Industrial Average on Tuesday as the oil giants bolstered the broad market. A rise in crude oil prices and positive earnings reports from smaller players encouraged buying.
7:00 PM EST | February 23, 2009
Parker Drilling Posts Q4, Full Year Financial Results
Parker Drilling Company has reported financial and operating results for the 2008 fourth quarter and year.
7:00 PM EST | February 23, 2009
Parker Drilling Underscores Q4 Utilization for International Fleet
Parker Drilling provided an operational review of its rig fleet for the fourth quarter 2008.
7:00 PM EST | February 23, 2009
Athens Group's Increased Revenue, Growth Spurs Hiring Initiative
Athens Group reported a 66% increase in year-over-year sales during 2008 and a significant increase in booked business for 2009. Due to its record growth, the company has announced a hiring initiative.
7:00 PM EST | February 18, 2009
Parker Drilling Reports 3Q Results
Parker Drilling Co. has reported financial and operating results for the third quarter 2008.
7:00 PM EST | November 04, 2008
Parker Drilling Confirms No Damage by Ike
Parker Drilling Company reported that all barge rigs operating in the Gulf of Mexico are accounted for in the aftermath of Hurricane Ike.
8:00 PM EST | September 15, 2008
Parker Accounts for All Barge Rigs in GOM After Gustav
Parker Drilling Company reported that all barge rigs operating in the Gulf of Mexico are accounted for in the aftermath of Hurricane Gustav.
8:00 PM EST | September 03, 2008
Parker to Design Drilling Package Offshore Russia
Parker was awarded a contract to design the drilling package for the Sakhalin-1 Arkutun-Dagi offshore platform, which will include the derrick, pipe barn, substructure, well control system and mud system.
8:00 PM EST | August 04, 2008
Parker Packs Away 34% Net Income Increase in Q2
Parker Drilling announced that 44 percent revenue growth for the three months ended June 30, 2008 led to a 34 percent increase in profitability compared with the second quarter of 2007.
8:00 PM EST | August 04, 2008
Parker Lands BP Contract to Construct Rig for Alaskan Drilling
Parker announced a new contract to construct, deliver and commission a land-based rig for BP to drill ultra extended-reach wells to offshore targets in the Liberty field of the Alaskan Beaufort Sea.
8:00 PM EST | July 13, 2008
Parker Drilling Reports 'Solid First Quarter'
Higher dayrates and utilization in the company's international segment partially offset an expected softening of the U.S. barge rig market.
8:00 PM EST | May 05, 2008
Parker Drilling Receives Letter of Intent for Two Newbuild Alaskan Drilling
Parker Drilling Company announced that a subsidiary of BP PLC has issued a Letter of Intent to a Parker subsidiary for a drilling contract that will require two newbuild land rigs for a development drilling program in Alaska.
8:00 PM EST | May 05, 2008
BHP Billiton, Woodside Win APPEA Safety Awards
Woodside and BHP Billiton Petroleum are the big winners in the annual Safety Awards presented by the Australian Petroleum Production and Exploration Association (APPEA) for 2008.
8:00 PM EST | April 09, 2008
Parker Sells Interest In Saudi JV, Maintains Ops In Area
Parker Drilling Company, a global drilling contractor and service provider, announced that a subsidiary has executed an agreement to sell its 50 percent interest in its Saudi Arabian joint venture.
8:00 PM EST | April 08, 2008
Parker Takes Reduction in Final Resolution of Kazakhstan Tax Case
Mr. Robert L. Parker Jr., chairman and chief executive officer said, "We are pleased to report that this long-pending matter in Kazakhstan has been resolved."
8:00 PM EST | March 13, 2008
Parker Subsidiary Continues Middle East JV Negotiations
The Company can provide no assurances that the negotiations will result in an agreement or transaction with the Saudi Arabian partner.
8:00 PM EST | March 13, 2008
Parker Drilling Pays $26 Million in Income Taxes to Kazakhstan
The payment is exclusive of interest and net of estimated taxes previously paid of approximately US$12 million.
7:00 PM EST | January 08, 2008
Parker Drilling Third Quarter 2007 EBITDA Increases 39% to $74 Million
Parker Drilling reported third quarter 2007 earnings of $22.7 million on revenues of $172.2 million.
7:00 PM EST | November 07, 2007
Parker Drilling Wins Three Land Rig Contracts
Parker Drilling was awarded new contracts for three land rigs to subsidiaries operating in Mexico and Kazakhstan.
7:00 PM EST | November 06, 2007
Parker Drilling Receives Nod for Safety
Parker Drilling was recently selected as one of America's Safest Companies for 2007.
8:00 PM EST | October 23, 2007
Correction - Parker Drilling
In the article published on September 6 - Parker CEO: Shorter drill times result in lower costs - BNamericas made an editing mistake and incorrectly quoted Bruce Black, senior business development manager for the Americas.
8:00 PM EST | September 06, 2007
Austral Pacific Begins Testing at Cardiff Field
Austral Pacific Energy report that work on Cardiff 2AST1 is now underway.
8:00 PM EST | August 26, 2007
Parker Drilling Sees 32% Increase in 2Q07 Net Income
Parker Drilling reported strong financial and operating results for the second quarter 2007.
8:00 PM EST | July 31, 2007
Parker Drilling Reports Kazakhstan Tax Ruling
Parker Drilling reported the Supreme Court of Kazakhstan has issued a written ruling upholding an assessment of taxes by the Tax Committee of the Ministry of Finance of Kazakhstan against the Kazakhstan branch of a Parker subsidiary.
8:00 PM EST | July 31, 2007
Parker Drilling Names Mannon Post of President and COO
Parker Drilling has appointed David C. Mannon as president and chief operating officer. Mannon joined Parker Drilling in 2004 as senior vice president and chief operating officer.
8:00 PM EST | July 09, 2007
Parker Drilling Prices Senior Notes
Parker Drilling Company has priced its registered public offering of $115 million aggregate principal amount of convertible senior notes due 2012.
8:00 PM EST | June 28, 2007
Parker Drilling Offers Convertible Senior Notes
Parker Drilling Company stated that, subject to market and other conditions, it plans to offer $115 million aggregate principal amount of convertible senior notes due 2012 in a registered public offering.
8:00 PM EST | June 27, 2007
Parker Drilling First Quarter 2007 Net Income Increases 162%
Parker Drilling reported strong financial and operating results for the first quarter 2007 as net income increased 162 percent and earnings before EBITDA increased 23 percent over the first quarter 2006.
8:00 PM EST | May 07, 2007
Parker Wins Contracts in Mexico and Turkmenistan
Parker Drilling has been awarded new contracts for three international land rigs to certain subsidiaries operating in Mexico and Turkmenistan.
8:00 PM EST | May 07, 2007
Parker Drilling Shareholders Approve Proposals at Annual Meeting
At Parker Drilling Company's annual meeting, shareholders elected two Class II directors, approved an amendment to increase authorized shares of common stock and named KPMG as the company's accountants for 2007.
8:00 PM EST | April 25, 2007
Parker Drilling Lands Six Rig Deals
Parker Drilling has been awarded new contracts for six of it's international land rigs in Libya, Mexico and Kazakhstan. Of the six rigs fulfilling these contracts, five are mobilizing from inactive status.
8:00 PM EST | March 26, 2007