Parker Drilling Says Barge Fleet Weathers Hurricane

Parker Drilling has accounted for all rigs located along the coastal waters of Louisiana following Hurricane Rita. No material damage has been observed based on the assessment of personnel returning to the barge rigs in preparation to re-commence operations. Prior to the storm, all personnel had been safely evacuated, and rigs forecasted to be in the hurricane path moved to protected waters. Additionally, the Parker Drilling facility and the Quail Tools facility, both located in New Iberia, Louisiana, sustained no damage as a result of the storm.