| Business Summary | | Parker
Drilling
Company
is
a
worldwide
provider
of
contract
drilling
and
drilling-related
services,
operating
in
the
coastal
and
transition
zones
of
the
Gulf
of
Mexico
and
Nigeria,
in
the
offshore
waters
of
the
Gulf
of
Mexico
and
the
Caspian
Sea,
and
on
land
in
international
oil
and
gas
producing
regions.
Historically,
the
Company
operated
exclusively
on
land,
specializing
in
deep,
difficult
wells
and
drilling
in
remote
areas.
However,
the
Company
has
since
diversified
into
the
offshore
drilling
business,
through
the
acquisition
of
Mallard
Bay
Drilling,
Inc.,
and
Hercules
Offshore
Corp.
and
Hercules
Rig
Corp.,
and
the
rental
tool
business,
through
the
acquisition
of
Quail
Tools,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Parker
Drilling
Company
is
a
worldwide
provider
of
contract
drilling
and
drilling
related
services
operating
in
the
transition
zones
of
the
Gulf
of
Mexico
and
the
Caspian
Sea,
and
on
land
in
international
oil
and
gas
producing
regions.
For
the
six
months
ended
6/30/01,
revenues
rose
54%
to
$247.8
million.
Net
income
totaled
$4.2
million
vs.
a
loss
of
$24.4
million.
Revenues
reflect
increased
offshore
utilization
and
dayrates.
Earnings
reflect
a
reduction
in
debt. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Parker, 77 Chairman | $762K | Robert Parker, Jr., 52 Pres,
CEO, Director | 646K | James Davis, 54 CFO,
Sr. VP-Fin. | 229K | W. Kirk Brassfield, 45 VP,
Controller | -- | Thomas Wingerter, 48 VP
and Gen. Mang., North America Region | 207K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|