Roger Plank Appointed to Parker Drilling Board of Directors

Parker Drilling announced that Roger B. Plank, executive vice president and chief financial officer of Apache Corporation, has been appointed to the Company's board of directors and its audit committee. The decisions to expand the size of the board to eight members and appoint Mr. Plank were made at a telephonic meeting of the board of directors held on May 17, 2004.

Plank joined Apache in 1981, and has since served in positions including vice president and chief financial officer, vice president of planning and corporate development, vice president of external affairs, and vice president of corporate communications.

"Roger's 23 years of experience in the oil and gas business and outstanding record of performance with Apache make him an excellent addition to our board," said Robert L. Parker Jr., president and chief executive officer. "His perspective and financial expertise will be extremely valuable as we continue to work towards returning the company to profitability, and as we plan for future growth."

Plank is immediate past president of the Texas Independent Producers & Royalty Owners Association (TIPRO) and was named Mr. TIPRO 2003. Earlier, Plank was appointed to the Interstate Oil and Gas Compact Commission by Texas Governor George W. Bush and served as a Director of the Oklahoma Independent Petroleum Association (OIPA) and the Domestic Petroleum Council. He is also a member of the Board of Trustees for Wyoming's Ucross Foundation. Plank holds a master's degree in business administration from the University of St. Thomas in St. Paul, Minn. and a bachelor's degree in economics from Colgate University in Hamilton, N.Y.