UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 24, 2010
PARKER DRILLING COMPANY
(Exact name of Registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation)
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1-7573
(Commission
File Number)
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73-0618660
(I.R.S. Employer
Identification No.) |
5 Greenway Plaza, Suite 100, Houston, Texas
(Address of principal executive offices)
77046
(Zip Code)
Registrant’s telephone number, including area code: (281) 406-2000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (See General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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In October 2007, Parker Drilling Overseas B.V. (Parker), a subsidiary of Parker Drilling Company
(the Company), and its customer, GPA Energy, S.A. DE C.V. (GPA Energy), entered into a contract
for Parker to provide drilling services to GPA Energy in the Monclova Block in northern Mexico
utilizing Rigs 121 and 122. On August 10, 2010, Parker received a letter from GPA Energy
stating its intent to terminate the contract based upon the existence of a continuing force
majeure event. One rig was scheduled to end operations in August 2010, but the other was
contracted through the second quarter of 2012. The Company is actively seeking opportunities to
utilize these rigs in its other operations.