Parker Drilling CEO to Retire

July 16, 2019

(Photo: Parker Drilling Company)
(Photo: Parker Drilling Company)

Oilfield services firm Parker Drilling Company said its president, CEO and director, Gary Rich, will retire later this year.

The Houston-based company, which completed a financial restructuring earlier this year, said Rich will remain in his current roles for an interim period until a  successor is found.

Parker Drilling Chairman Eugene Davis noted, "Parker Drilling owes a tremendous debt of gratitude to Gary Rich, who oversaw a disciplined strategy to refocus the Company and maintain a strong reputation for reliability, innovation and efficiency amid one of the most challenging markets in the Company's history. Gary led the Company through the industry downturn and successfully worked closely with several stakeholders to put the Company on the right path for the future."

Davis continued, "With a solid financial foundation, we look forward to pursuing opportunities for profitable growth while maintaining a strict focus on capital returns as we enter the next chapter in Parker's history."



Current News

Polarcus Wins 4D Job in Brazil

Polarcus Wins 4D Job in Brazil

Comment: Equinor’s New E&P El Dorado

Comment: Equinor’s New E&P El Dorado

Petrofac Lines Up North Sea Engineering Work

Petrofac Lines Up North Sea Engineering Work

Geoscience Packages Reveal APAC Prospectivity

Geoscience Packages Reveal APAC Prospectivity

Chevron Hits Go on Anchor

Chevron Hits Go on Anchor

Aker Solutions, Subsea 7 Win Ærfugl Subsea Scope

Aker Solutions, Subsea 7 Win Ærfugl Subsea Scope

Liberia Lines Up 2020 Offshore Licence Round

Liberia Lines Up 2020 Offshore Licence Round

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week