Parker Drilling Company Shareholders Pass Proposals at Company's Annual Meeting

Apr 25, 2001, 01:00 ET from Parker Drilling Company

    TULSA, Okla., April 25 /PRNewswire/ -- At today's annual meeting, Parker
 Drilling Company (NYSE:   PKD) shareholders re-elected two directors, amended
 the certificate of incorporation to increase the number of authorized shares
 of common stock from 120 million to 140 million, and ratified the appointment
 of the accounting firm PricewaterhouseCoopers, LLP, as independent accountants
 for the next year.
     Bernard Duroc-Danner, chairman, president and chief executive officer of
 Weatherford International, Inc., and James E. Barnes, retired chairman,
 president and chief executive officer of MAPCO Inc., were re-elected to
 three-year terms at the meeting.
     Dr. Earnest F. Gloyna, professor and environmental consultant, retired
 from the Board of Directors and did not stand for re-election.  "We thank him
 for his 23 years of dedicated service to the company, good advice and counsel.
 We wish him well in all his future endeavors," says Robert L. Parker Jr.,
 president and chief executive officer.
     Other board members whose terms continue are Robert L. Parker, chairman of
 Parker Drilling Company; Robert L. Parker Jr., president and chief executive
 officer of Parker Drilling Company; David L. Fist, lawyer with Rosenstein,
 Fist & Ringold; Simon G. Kukes, president and chief executive officer of
 Tyumen Oil Company; James W. Linn, executive vice president and chief
 operating officer of Parker Drilling Company; and R. Rudolph Reinfrank,
 managing general partner of Clarity Partners.
     Parker Drilling Company is a Tulsa-based global energy company
 specializing in offshore drilling and workover services in the Gulf of Mexico
 and international land and offshore drilling.  Parker also operates Quail
 Tools, a provider of premium rental tools for oil and gas drilling.  Parker
 Drilling has 79 marketable rigs and employs more than 3,500 people worldwide.
 For more information go to www.parkerdrilling.com.
 
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SOURCE Parker Drilling Company
    TULSA, Okla., April 25 /PRNewswire/ -- At today's annual meeting, Parker
 Drilling Company (NYSE:   PKD) shareholders re-elected two directors, amended
 the certificate of incorporation to increase the number of authorized shares
 of common stock from 120 million to 140 million, and ratified the appointment
 of the accounting firm PricewaterhouseCoopers, LLP, as independent accountants
 for the next year.
     Bernard Duroc-Danner, chairman, president and chief executive officer of
 Weatherford International, Inc., and James E. Barnes, retired chairman,
 president and chief executive officer of MAPCO Inc., were re-elected to
 three-year terms at the meeting.
     Dr. Earnest F. Gloyna, professor and environmental consultant, retired
 from the Board of Directors and did not stand for re-election.  "We thank him
 for his 23 years of dedicated service to the company, good advice and counsel.
 We wish him well in all his future endeavors," says Robert L. Parker Jr.,
 president and chief executive officer.
     Other board members whose terms continue are Robert L. Parker, chairman of
 Parker Drilling Company; Robert L. Parker Jr., president and chief executive
 officer of Parker Drilling Company; David L. Fist, lawyer with Rosenstein,
 Fist & Ringold; Simon G. Kukes, president and chief executive officer of
 Tyumen Oil Company; James W. Linn, executive vice president and chief
 operating officer of Parker Drilling Company; and R. Rudolph Reinfrank,
 managing general partner of Clarity Partners.
     Parker Drilling Company is a Tulsa-based global energy company
 specializing in offshore drilling and workover services in the Gulf of Mexico
 and international land and offshore drilling.  Parker also operates Quail
 Tools, a provider of premium rental tools for oil and gas drilling.  Parker
 Drilling has 79 marketable rigs and employs more than 3,500 people worldwide.
 For more information go to www.parkerdrilling.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X04170284
 
 SOURCE  Parker Drilling Company