Webcast Alert: Parker Drilling Schedules First Quarter Conference Call on the Web

HOUSTON, May 8 /PRNewswire-FirstCall/ -- In conjunction with the announcement of Parker Drilling's (NYSE: PKD) First Quarter Earnings, you are invited to listen to its conference call that will be broadcast live over the Internet on May 8, 2007 at 10:00 a.m. central, 11:00 a.m. eastern.

           What:    Parker Drilling First Quarter Conference Call

           When:    May 8, 2007 at 10:00 a.m. central, 11:00 a.m. eastern

          Where:    http://www.parkerdrilling.com

            How:    Live over the Internet -- Simply log on to the web at the
                    address above.

        Contact:    Rose Bratton, 1-281-406-2212

If you are unable to participate during the live webcast, the call will be archived at http://www.parkerdrilling.com . To access the replay, click on Investor Relations, Conference Call.

Parker Drilling is a Houston-based global energy company specializing in offshore drilling and workover 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 45 marketed rigs.

SOURCE Parker Drilling Company

Released May 8, 2007