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[STK] NYSE:PKD
[IN] UTI OIL GAS
[SU] CON
TO BUSINESS, AND ENERGY EDITORS:
Parker Drilling Announces Contract for Barge Rig 55B
HOUSTON, March 21, 2014 /PRNewswire/ -- Parker Drilling Company (NYSE:
PKD) today announced it has contracted its barge drilling rig, Rig
55B. Featuring advanced equipment and performance enhancements, the
rig is being introduced to the Company's fleet to bring additional
capabilities to the Gulf of Mexico barge market. The rig has been
contracted to Chevron U.S.A. Inc. for four wells with an expected term
of 120 days at a dayrate of $50,300. The contract is expected to
commence before the end of the 2014 second quarter. This information
is being provided to analysts and investors in conjunction with the
company's March 22 barge rig and rental tools facility tour
program. Copies of key materials made available during the program are
posted on the Company's website. They may be found in the Investor
Relations section of the website at www.parkerdrilling.com.
Parker Drilling (NYSE: PKD) provides contract drilling and
drilling-related services and rental tools to the energy industry. The
Company's drilling business serves operators in the inland waters of
the U.S. Gulf of Mexico utilizing Parker's barge rig fleet and in
select U.S. and international markets and harsh-environment regions
utilizing Parker-owned and customer-owned equipment. The Company's
rental tools business supplies premium equipment and well services to
operators on land and offshore in the U.S. and international
markets. More information about Parker Drilling can be found on the
Company's website at www.parkerdrilling.com.
SOURCE Parker Drilling Company
-0- 03/21/2014
/CONTACT: Investors, Richard Bajenski, Director, Investor Relations, (281) 406-2030, richard.bajenski@parkerdrilling.com or Media, Stephanie J. Dixon, Manager, Marketing & Corporate Communications, (281) 406-2212, stephanie.dixon@parkerdrilling.com
/Web Site: http://www.parkerdrilling.com
(NYSE:PKD) /
CO: Parker Drilling Company
ST: Texas
IN: UTI OIL GAS
SU: CON
PRN
-- DA88254 --
0000 03/21/2014 20:35:00 EDT http://www.prnewswire.com
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