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PARKER POSTS PROFITABLE YEAR

 PARKER POSTS PROFITABLE YEAR
 TULSA, Okla., Jan. 13 /PRNewswire/ -- Parker Drilling Co.


(NYSE: PKD) reported today unaudited revenue of $26,663,000 and net income of $1,496,000 or $.03 per share net income for the first three monthsof fiscal 1992, which ended Nov. 30, 1991.
 For the same quarter a year ago the comparison shows total revenue of $27,181,000, net income of $1,765,000, and net income per share of $.03, which included an extraordinary gain on disposal operations of $1,184,000.
 "We are pleased to note a profitable quarter, one which was driven by continued improvement in international operations," said Robert L. Parker Sr., chairman. He noted strong drilling activity, particularly in Colombia, the Far East and the Russian Republic.
 A worldwide oil and gas drilling contractor, Parker currently operates in 15 countries.
 PARKER DRILLING CO. FINANCIAL HIGHLIGHTS
 (In thousands except per share data)
 FIRST QUARTER FIRST QUARTER
 FISCAL 1992 FISCAL 1991
 Revenue $ 26,663 $ 27,181
 Income From
 Continuing Operations $ 1,496 $ 581
 Net Income $ 1,496 $ 1,765
 Income Per Share $ .03 $ .03
 Total Assets $263,628 $263,944
 Stockholders'Equity $220,915 $212,343
 -0- 1/13/92
 /CONTACT: Tim Colwell of Parker Drilling, 918-585-8221/
 (PKD) CO: Parker Drilling ST: Oklahoma IN: OIL SU: ERN


RM -- SF002 -- 9016 01/13/92 10:33 EST
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Date:Jan 13, 1992
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