Parker Drilling Co. (PKD) is “One to Watch”

By @ibtimes on

Parker Drilling is focused on providing worldwide drilling services, rental tools and project management, including rig design, construction and operations management. The company’s U.S. fleet includes 13 barge rigs in the U.S. Gulf of Mexico, and its international fleet includes 28 land rigs and two barge rigs in strategic markets.

Parker Drilling’s rental tools business provides premium equipment to operators on land and offshore in the U.S. and certain international markets. The company’s project management business includes multiple contracts for the design, construction or operation of customer-owned rigs, including operation of two extended-reach-drilling land rigs and one offshore drilling platform.

Over the last 75 years, Parker has set numerous world records for deep and extended-reach drilling, leading the industry in safety performance. The company leverages its technical and safety leadership, cultivated through decades of project execution in new and emerging global markets, to enhance the efficiencies of its customers’ drilling programs.

Parker Drilling’s established strengths as a drilling services provider and the diversity of its operations provide support for long-term earnings growth. The company is committed to exercising financial discipline and maintaining a strong balance sheet while relentlessly pursuing improvement in performance and efficiency.

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