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Parker Drilling Company (PKDC)

Stock Price: $6.80 USD 0.30 (4.62%)
Updated Jun 23, 2021 3:24 PM EDT - Market closed
Parker Drilling Company
Country United States
Founded 1934
Industry Oil & Gas Equipment & Services
Sector Energy
Employees 2,670
CEO Gary Rich

Contact Details

Address:5 Greenway Plz Ste 100
Houston, Texas 77046-0506
United States
Phone 281 406 2000
Websiteparkerdrilling.com

Stock Information

Ticker Symbol PKDC
Exchange OTCMKTS
Reporting Currency US Dollars
CIK Code 76321
CUSIP Number 701081507

Company Description

Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry.

It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas.

This business line also provides project related services, such as engineering, procurement, project management, and commissioning of customer-owned drilling facility projects; drill wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas.

The Rental Tools Services business line offers rental equipment, such as standard and heavy-weight drill pipes, tubing, drill collars, and others; pressure control equipment, including blow-out preventers; well construction services, such as tubular running services and downhole tools; well intervention services comprising whipstock, fishing products, and related services; and inspection and machine shop support services for exploration and production companies, drilling contractors, and service companies on land and offshore.

The company serves independent and national oil and natural gas exploration and production companies, and integrated service providers in the United States, Russia and other Commonwealth of Independent States countries, Europe, the Middle East, Africa, Asia, Latin America, and other countries.

Parker Drilling Company was founded in 1934 and is headquartered in Houston, Texas.

Key Executives

NamePosition
Michael W. SumruldSenior Vice President and Chief Financial Officer
Alexander EsslemontPresident, Chief Executive Officer and Director
Brage JohannessenSenior Vice President of Global Operations
Jennifer Fremont SimonsSenior Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary
Jason GeachVice President of Investor Relations and Corporate Development
Bryan Ray CollinsSenior Vice President of Global Business Development
Nathaniel C. DockrayTreasurer
Nick HenleyInvestor Relations Director