Parker Drilling Announces 3rd Quarter Conference Call

Parker Drilling Company will host its third quarter conference call at 10 a.m. CDT (11 a.m. EDT) on Wednesday, Oct. 31, 2001. Earnings for the quarter will be released that morning prior to the call. Those interested in participating in the call may dial in at 303-262-2175. The conference call replay can be accessed until 11:59 p.m. CDT Nov. 7, 2001, by dialing 303-590-3000 and using the passcode 397564#.

Alternatively, the call can be accessed live through the Parker Web site at www.parkerdrilling.com. The archived call will be available on the Web for 90 days.

A summary of operations and financial conditions of the company will be presented by members of the Parker management team, followed by questions from the listening audience.

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