Parker Drilling Announces Sale of Two Gulf of Mexico Workover Barge Rigs

Parker Drilling Company (NYSE: PKD) today announced that a wholly owned subsidiary, Parker Drilling Offshore USA, LLC, has entered into an agreement with Basic Marine Services, Inc., a wholly owned subsidiary of Basic Energy Services, Inc. (NYSE: BAS) to sell two of its workover barge rigs and related assets located in the Gulf of Mexico for approximately $20 million.