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parker drilling co (PKD) Details

Parker Drilling Company, together with its subsidiaries, provides contract drilling and drilling-related services in the United States, Latin America, Africa, the Middle East, the Asia Pacific, and Commonwealth of Independent States. It operates in six segments: Rental Tools, U.S. Barge Drilling, U.S. Drilling, International Drilling, Technical Services, and Construction Contract. The company operates barge rigs for drilling natural gas, oil, and a combination of oil and natural gas in the shallow waters in and along the inland waterways, as well as drills geologically difficult wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas. As of February 28, 2013, its rig fleet included 23 land rigs and 2 offshore barge rigs in international locations; 12 barge rigs in the U.S. Gulf of Mexico; and 2 land rigs in the U.S. The company also provides rental tools for land and offshore oil and natural gas drilling and offers equipment used for drilling, workover, and production applications, such as drill pipes, heavy-weight drill pipes, tubing, high-torque connections, blow-out preventers, drill collars, and others. In addition, it provides technical services, such as engineering and related project services during the concept development, pre-front end engineering design (FEED), and FEED phases of customer-owned drilling facility projects; engineering, procurement, construction, and installation services; operations and maintenance services; and other project management services, including labor, maintenance, and logistics for operators who own their own drilling rigs. The company serves independent and national oil and gas companies, and integrated service providers. Parker Drilling Company was founded in 1934 and is headquartered in Houston, Texas.

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