Parker Drilling's Third Quarter 2007 Earnings Release and Conference Call at 10:00 a.m. CST on Nov. 7, 2007

HOUSTON, Oct. 11 /PRNewswire-FirstCall/ -- Parker Drilling Company (NYSE: PKD) will host a conference call on Wednesday, Nov. 7 at 10:00 a.m. CST (11:00 a.m. EST) to discuss third quarter 2007 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 303-262-2137.

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The conference call replay can be accessed from Nov. 7 through Nov. 14 by dialing (800) 405-2236 and using the access code 11099460#. 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 is a Houston-based global energy company specializing in offshore drilling services in the Gulf of Mexico and international land and offshore markets. Parker also owns Quail Tools, a provider of premium industry rental tools. Parker Drilling employs approximately 3,000 people worldwide and has 46 marketed rigs.

SOURCE Parker Drilling Company

Released October 11, 2007