Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.
Oilfield Services · Contract Drilling
Parker Drilling Company
Parker Drilling provides contract drilling and rental tools services to the energy industry worldwide from its Houston headquarters.
Parker Drilling Company is a Houston-based international provider of contract drilling and rental tools services to the energy industry. The company operates drilling rigs and provides rental equipment to operators in challenging environments around the world, including remote onshore locations, offshore platforms, and deepwater environments. Parker Drilling has built a reputation for operating in some of the most difficult and remote drilling environments on earth, leveraging decades of experience and specialized equipment to serve national and international oil companies.
Headquarters
Houston, TX
Founded
1934
Employees
2,800
Revenue
$500M
CEO
Sandy Esslemont
Website
parkerdrilling.comParker Drilling was founded in 1934 in Tulsa, Oklahoma, and later relocated to Houston. The company has a storied history in international contract drilling, having operated in over 50 countries during its existence. Parker was known for operating in extreme environments, including Arctic, desert, and jungle locations. The company went through financial restructuring in 2018-2019 and emerged as a private company focused on its core drilling and rental tools capabilities. Parker continues to serve international markets from its Houston headquarters.
Parker operates contract drilling rigs for international customers and provides rental tools services through a global network of facilities. The company's drilling operations focus on challenging environments where its specialized expertise provides competitive advantage, including high-pressure/high-temperature wells, extended-reach wells, and remote locations. Parker's rental tools division provides drill pipe, handling tools, pressure control equipment, and other specialized equipment to drilling operations worldwide.
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