Parker Drilling Announces Management Change

Parker Drilling Company announced that John R. (Randy) Burkhalter, 45, has joined the company as Director of Investor Relations. In this capacity Burkhalter will be the company's primary contact for shareholders and securities analysts.

Prior to joining Parker Drilling, Burkhalter has served as Vice President, Business Development of The Eversull Group; Director, Investor Relations for Reliant Energy; Director, Investor Relations for NorAm Energy; and Manager, Investor Relations for Panhandle Eastern Corp.

"We're pleased to add Randy's leadership and experience to our company," said James J. Davis, Senior Vice President -- Finance and Chief Financial Officer. "I am confident that he will continue to add to the solid relationships we have established."

Burkhalter replaces Chuck Sullivan, who has worked for Parker Drilling for 26 years. Sullivan elected not to move to Houston when the company relocated its headquarters in September.

"Chuck has been an extremely valuable member of our team, and we will miss his guidance," Davis said.