- CEO
- Alexander Esslemont
- Full Time Employees
- 2,222
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- 5 Greenway Plaza Houston TX United States of America 77046
- IPO Date
- Feb 11, 2020
- Business
- Parker Drilling Company Parker Drilling Company (PKDC) provides contract drilling and drilling-related services, as well as rental tools and services, to the energy industry. The company operates through two primary business segments: Drilling Services, which encompasses drilling for oil, natural gas, and geothermal wells using company-owned and customer-owned rigs, including barge rigs in shallow waters along the inland waterways and coasts of Louisiana, Alabama, and Texas; and project-related services such as engineering, procurement, project management, and commissioning for customer-owned drilling facilities in remote, harsh, and ecologically sensitive areas. Rental Tools Services offers equipment rentals including standard and heavy-weight drill pipes, tubing, drill collars, pressure control equipment such as blow-out preventers, well construction services like tubular running and downhole tools, well intervention services comprising whipstocks, fishing products, and related offerings, plus inspection and machine shop support for exploration and production companies, drilling contractors, and service companies on land and offshore.
Parker Drilling Company serves independent and national oil and natural gas exploration and production companies, as well as integrated service providers, across the United States, Russia and other Commonwealth of Independent States countries, Europe, the Middle East, Africa, Asia, Latin America, and other regions.
Founded in 1934 and headquartered in Houston, Texas, the company continues operations as an OTC-traded entity with approximately 2,267 employees and leadership under President, CEO, and Director Alexander Esslemont.
In recent developments, Parker Drilling Company maintains its focus on specialized drilling in challenging environments amid ongoing industry dynamics, with its stock reflecting activity on OTC markets as of 2025; historical expansions include the 2021 acquisition of casing running assets from Helmerich & Payne, Inc. Helmerich & Payne, Inc., enhancing rental tools capabilities.