Parker Drilling's Second Quarter 2008 Earnings Release and Conference Call at 9:00 a.m. CDT on August 5, 2008

HOUSTON, July 16 /PRNewswire-FirstCall/ -- Parker Drilling Company (NYSE: PKD) will host a conference call on Tuesday, August 5 at 9:00 a.m. CDT (10:00 a.m. EDT) to discuss second quarter 2008 financial results. Earnings for the quarter will be released that morning prior to the call. Those interested in participating in the call may dial in at 303-262-2191.

The conference call replay can be accessed from Aug. 5 through Aug. 12 by dialing (800) 405-2236 and using the access code 11117359#. Alternatively, the call can be accessed live through the investor relations section of company's website at http://www.parkerdrilling.com and will be archived on the site for 12 months. Information on earnings will also be available on the company's website.

Parker Drilling Company (NYSE: PKD) provides high-performance contract drilling solutions, rental tools and project management services to the worldwide energy industry. Parker operates 28 land rigs in strategic international markets and 17 offshore barge rigs, primarily in the U.S. Gulf of Mexico transition zone. The Company's Quail Tools division rents premium equipment to operators in active land and offshore markets in North America. Founded in 1934, Parker has set numerous world records for deep and extended-reach drilling and is an industry leader in safety performance. More information about Parker Drilling can be found at http://www.parkerdrilling.com.

SOURCE Parker Drilling Company

Released July 16, 2008