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Parker Drilling Co.

Parker Drilling Co.

Sector: Drilling Oil And Gas Wells Region: TX, United States


: | New York Stock Exchange: PKD


Similar to: Bonterra Energy Corp., Energy XXI Ltd., Endeavour International Corp.

Parker Drilling Co. provides high-performance contract drilling solutions, rental tools and project management services to the energy industry. The company operates its business in five segments: International Drilling, U.S. Drilling, Rental Tools, U.S. Barge Drilling, Technical Services. The International Drilling segment customers typically are major independent and national oil and gas companies and integrated service providers. Its drilling programs are in remote locations with little infrastructure and harsh environments requiring specialized drilling equipment with a large inventory of spare parts and other ancillary equipment and self-supported service capabilities. The U.S. Drilling segment consists of two new-design Arctic Alaska Drilling Unit land rigs intended to address the challenges presented by the remote location, harsh climate and sensitive environment that characterize the Alaskan North Slope. The Rental Tools segment provides premium rental tools for land and offshore oil and gas drilling and work over activities by providing high-quality; reliable equipment used for drilling, work over and production applications, such as drill pipe, heavy-weight drill pipe, tubing, high-torque connections, blow-out preventers, drill collars and more. The U.S. Barge Drilling segments operates barge rigs that drill for natural gas, oil, and a combination of oil and natural gas in the shallow waters in and along the inland waterways of Louisiana, Alabama, and Texas. The Technical Services segment provides engineering and related project services during the concept development, pre-FEED, and FEED (Front End Engineering Design) phases of customer-owned drilling facility projects. Parker Drilling was founded by Gifford C. Parker in 1934 and is headquartered in Houston, TX.

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