Parker Drilling Stockholders Approve All Proposals at Annual Meeting

HOUSTON, May 7 /PRNewswire-FirstCall/ -- At Parker Drilling's (NYSE: PKD) annual meeting today, stockholders elected three Class II directors, approved the Parker Drilling Company 2010 Long-Term Incentive Plan, and ratified the appointment of KPMG LLP as the Company's independent registered public accountants for 2010.

Robert E. McKee III, George J. Donnelly and Gary R. King were each elected to three-year terms on Parker's board of directors at the meeting.

Other board members whose terms continue are Robert L. Parker Jr., John W. Gibson Jr., Roger B. Plank, R. Rudolph Reinfrank, Robert W. Goldman, and David C. Mannon.

Parker Drilling (NYSE: PKD) provides high-performance contract drilling solutions, rental tools and project management services to the worldwide energy industry.  Parker owns and operates 28 land rigs and two offshore barge rigs in strategic international markets and 13 barge rigs in the U.S. Gulf of Mexico. The Company's rental tools business supplies premium equipment to operators on land and offshore in the U.S. and select international markets. Founded in 1934, Parker has set numerous world records for deep and extended-reach drilling and is an industry leader in safety performance.  More information about Parker Drilling can be found at http://www.parkerdrilling.com.

SOURCE Parker Drilling

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