Parker Drilling Invites You to Join Its Second Quarter Conference Call on The Web.

TULSA, Okla., July 26 /PRNewswire/ --

In conjunction with Parker Drilling's (NYSE: PKD) second quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet at 10 a.m. CDT on July 27, 2000, with Robert L. Parker Jr., president and chief executive officer; Jim Linn, executive vice president and chief operating officer; Jim Davis, senior vice president and chief financial officer; and Chuck Sullivan, investor and public relations director of Parker Drilling.

What: Parker Drilling's Second Quarter Earnings Conference Call

When: 10 a.m. CDT on July 27, 2000

Where: http://videonewswire.com/PARKER/072700/

How: Live over the Internet -- Simply log on to the web at the

address above

Contact: Chuck Sullivan, Director - Investor and Public Relations of

Parker Drilling Company, 918-631-1238

Parker Drilling Company is a Tulsa-based energy company specializing in barge and offshore drilling and workover services, international land drilling and specialized oil tool rentals. The company employs more than 3,300 people worldwide and trades on the NYSE under the ticker symbol PKD.

If you are unable to participate during the live webcast, the call will be archived on the website www.parkerdrilling.com. To access the replay, click on "Investor Relations Tab" and the "Conference Call." The call will also be archived at www.prnewswire.com.

(Minimum requirements to listen to broadcast: The RealPlayer software, downloadable free from www.real.com/products/player/index.html, and at least a 14.4Kbps connection to the Internet. If you experience problems listening to the broadcast, send e-mail to webmaster@vdat.com.)