Parker Drilling to Conduct Analyst Day

HOUSTON, May 29 /PRNewswire-FirstCall/ -- Parker Drilling Company (NYSE: PKD) announced today it plans to conduct its 2009 Analyst Day on Thursday, June 4. A webcast of the presentation summary and audience Q&A is scheduled to begin at 11:30 a.m. EDT on that day.

The live webcast can be accessed through the Investor Relations section of the Company's Web site at http://www.parkerdrilling.com. Copies of the presentation slides may be found on the Company's Web site as well.

Parker Drilling Company (NYSE: PKD) provides high-performance contract drilling solutions, rental tools and project management services to the worldwide energy industry. Parker operates 29 land rigs in strategic international markets and 17 offshore barge rigs, primarily in the coastal waters of the U.S. Gulf of Mexico. The Company's Rental Tools business 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 May 29, 2009