Parker Drilling to Present at IPAA Oil & Gas Investment Symposium

HOUSTON, April 20 /PRNewswire-FirstCall/ -- Parker Drilling Company (NYSE: PKD), a global drilling solutions company focused on international markets and the Gulf of Mexico transition zone, will present at the IPAA Oil & Gas Investment Symposium on Monday, April 23, 2007 at 11:45 AM Eastern Time. Robert L. Parker Jr., Chairman and Chief Executive Officer, and David C. Mannon, Chief Operating Officer, will be giving the presentation, which will include the company's reported annual results and discussion of new international drilling contracts. The presentation will be broadcast live over the Internet and listeners may access the web cast via the Company's web site at http://www.parkerdrilling.com . The investor presentation will be posted on the company's web site on April 23, 2007.

About Parker Drilling

Parker Drilling is a worldwide service company providing contract drilling and rental tool services to the energy industry. Parker's primary business segment is drilling services with 27 rigs in international locations, one land rig in the United States and 17 barge rigs in the transition zone of the United States Gulf of Mexico. The Company's international rig fleet consists of barge rigs and related operations in the Caspian Sea and Mexico, as well as land rigs and related operations in a total of 14 countries. Parker Drilling employs approximately 3,000 people worldwide and has 45 marketed rigs.

SOURCE Parker Drilling Company

Released April 20, 2007