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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (52403)10/5/1999 9:38:00 AM
From: paul feldman  Read Replies (1) | Respond to of 95453
 
October 4, 1999


Dow Jones Newswires
Parker Drilling Sells 11 Argentina Rigs

TULSA, Okla. -- Parker Drilling Co. (PKD) completed the sale of 11 land drilling rigs in Argentina.

Terms weren't disclosed.

In a press release Monday, Parker Drilling said the shallow land rigs no longer fit its business plan, but the company will continue to pursue the deeper onshore drilling market in Argentina.

Parker Drilling, an oil and natural gas drilling contractor, posted 1998 revenue of $136.7 million.

-Jennifer Rossa; Dow Jones Newswires; 201-938-5400

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Briefing Book for: PKD