Parker Drilling to Present at the Bank of America 2008 Credit Conference

HOUSTON, Nov. 3 /PRNewswire-FirstCall/ -- Parker Drilling Company (NYSE: PKD) announced today that W. Kirk Brassfield, senior vice president and chief financial officer, will present at the Bank of America 2008 Credit Conference in Orlando, Florida. Mr. Brassfield is scheduled to address the conference at 10:30 a.m. EST on Friday, Nov. 21.

The live broadcast, slides of the presentation and a replay will be publicly available through the Company's Web site at http://www.parkerdrilling.com by accessing the Investor Relations link.

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 coastal waters of the U.S. Gulf of Mexico. 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 November 3, 2008