Parker Drilling
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Parker Drilling - overview
Location
Houston, TX, US
Primary Industry
Oil & Gas
About
Parker Drilling is a global provider of drilling services and rental tools, specializing in delivering integrated solutions to the energy sector, ensuring operational efficiency and safety in drilling operations. Parker Drilling is focused on providing drilling and rental services to the energy sector. The company has maintained its headquarters in Houston, US, and continues to operate globally. Sandy Esslemont is the CEO, leading the company with extensive experience in the drilling industry.
Parker Drilling offers a comprehensive range of drilling services, including land and offshore drilling operations, as well as rental tools for the energy and industrial sectors. Their services are designed to enhance efficiency and safety in drilling projects, catering to a diverse clientele that spans across various geographical regions. Parker Drilling generates revenue primarily through contracts for drilling services and rental equipment. These contracts often involve fixed fees for services rendered, ensuring a reliable income stream from ongoing operations in the energy sector.
Parker Drilling is committed to expanding its drilling services into new geographical markets and enhancing its service offerings. The company plans to introduce new drilling technologies and solutions aimed at increasing operational efficiency. Recent funding will be allocated towards research and development of advanced drilling techniques and expanding into untapped markets in Latin America and the Middle East by 2024.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas
Website
www.parkerdrilling.com
Total Amount Raised
Subscriber access only
Parker Drilling - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | ITS Group | - |
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Parker Drilling - employee data
Parker Drilling - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Independent Director and Board Member | BM | ||||||
| Chairman of the Board of Directors | BM |
BM Board Member
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