Parker Drilling Company · Houston, TX United States ·(NYSE: PKD)
Company Description
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This link will open in a new window Parker Drilling parks its oil rigs off the beaten path. Its helicopter-transportable rigs allow the drilling contractor to work in otherwise inaccessible desert, mountain, and remote jungle locations. Its barge rigs allow the company to drill in transition zones (such as bays and marshes). Parker Drilling owns 28 land rigs and 17 US-based barge drilling and workover rigs. The company drills worldwide (in nine countries in 2008) and has worked in 54 countries since its founding. Subsidiary Quail Tools provides rental tools for oil and gas drilling and workover activities, with operations in the Gulf Coast, the Rocky Mountains, and West Texas regions. Parking Drilling also has a drilling rig construction unit. To read the full description, subscribe now.
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Key Parker Drilling Company Financials
| Company Type | Public - NYSE: PKD Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $829.8 |
| 2008 Employees | 2,766 |
Parker Drilling Company Executives
31 executives listed for Parker Drilling Company's Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman Emeritus | Robert Parker | Network |
| Chairman | Robert Parker | Network |
| CEO and Director | David Mannon | Network |
Competition
Competitive Landscape for Parker Drilling Company
Demand for machinery depends on overall industrial activity and on the health of sectors such as agriculture, construction, and power generation. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The industry is capital-intensive: average annual revenue per worker is about $320,000. To read the full description, subscribe now.Top Parker Drilling Company Competitors
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