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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): June 28, 2007
 PARKER DRILLING COMPANY
 (Exact name of registrant as specified in its charter)
 Delaware
    
    1-7573
    
    73-0618660(State or other jurisdiction
    
    (Commission File Number)
    
    (IRS Employerof incorporation)
    
    
    
    Identification No.)
 1401 Enclave Parkway, Suite 600Houston, Texas 77077
    
    77077(Address of principal executive offices)
    
    (Zip Code)
 Registrants telephone number, including area code: (281) 406-2000
  o
    
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)o
    
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)o
    
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))o
    
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




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TABLE OF CONTENTS  Item 1.01. Entry into a Material Definitive AgreementItem 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a RegistrantItem 3.02 Unregistered Sales of Equity SecuritiesItem 9.01 Financial Statements and ExhibitsSIGNATUREUnderwriting Agreement Dated June 28, 2007IndentureConfirmation of Convertible Bond Hedge Transaction with Bank of America, N.A.Confirmation of Convertible Bond Hedge Transaction with Deutsche Bank AG, London BranchConfirmation of Convertible Bond Hedge Transaction with Lehman Brothers OTC Derivatives Inc.Confirmation of Issuer Warrant Transaction with Bank of America, N.A.Confirmation of Issuer Warrant Transaction with Deutsche Bank AG, London BranchConfirmation of Issuer Warrant Transaction with Lehman Brothers OTC Derivatives Inc.Amendment to Confirmation of Issuer Warrant Trasaction with Bank of America, N.A.Amendment to Confirmation of Issuer Warrant Trasaction with Deutsche Bank AG, London BranchAmendment to Confirmation of Issuer Warrant Trasaction with Lehman Brothers OTC Derivatives Inc.    Table of Contents  
 Item 1.01. Entry into a Material Definitive Agreement
 Offering of Convertible Senior Notes
   Convertible Note Hedge and Warrant Transactions
 2 3




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Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant
  
 Item 3.02 Unregistered Sales of Equity Securities




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Item 9.01 Financial Statements and Exhibits.
  Exhibit No.
    
    Description1.1
    
    Underwriting Agreement, dated June 28, 2007, among Parker Drilling Company, the guarantors
named therein and Banc of America Securities LLC, as representative of the several
underwriters named therein.4.1
    
    Indenture, dated as of July 5, 2007, among Parker Drilling Company, the guarantors from time
to time party thereto, and The Bank of New York Trust Company, N.A.4.2
    
    Form of Note (included in Exhibit 4.1).10.1
    
    Confirmation of Convertible Bond Hedge Transaction, dated as of June 28, 2007, by and between
Parker Drilling Company and Bank of America, N.A.10.2
    
    Confirmation of Convertible Bond Hedge Transaction, dated as of June 28, 2007, by and between
Parker Drilling Company and Deutsche Bank AG, London Branch.10.3
    
    Confirmation of Convertible Bond Hedge Transaction, dated as of June 28, 2007, by and between
Parker Drilling Company and Lehman Brothers OTC Derivatives Inc.10.4
    
    Confirmation of Issuer Warrant Transaction dated as of June 28, 2007, by and between Parker
Drilling Company and Bank of America, N.A.10.5
    
    Confirmation of Issuer Warrant Transaction, dated as of June 28, 2007, by and between Parker
Drilling Company and Deutsche Bank AG, London Branch.10.6
    
    Confirmation of Issuer Warrant Transaction dated as of June 28, 2007, by and between Parker
Drilling Company and Lehman Brothers OTC Derivatives Inc.10.7
    
    Amendment to Confirmation of Issuer Warrant Transaction dated as of June 29, 2007, by and
between Parker Drilling Company and Bank of America, N.A.10.8
    
    Amendment to Confirmation of Issuer Warrant Transaction, dated as of June 29, 2007, by and
between Parker Drilling Company and Deutsche Bank AG, London Branch.




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Exhibit No.
    
    Description10.9
    
    Amendment to Confirmation of Issuer Warrant Transaction, dated as of June 29, 2007, by and
between Parker Drilling Company and Lehman Brothers OTC Derivatives Inc.




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PARKER DRILLING COMPANYDated:  July 5, 2007
    By:
    /s/ Ronald C. PotterRonald C. PotterVice President and General Counsel




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EXHIBIT INDEX
 ExhibitNumber
    
    Description1.1
    
    Underwriting Agreement, dated June 28, 2007, among Parker Drilling Company, the guarantors
named therein and Banc of America Securities LLC, as representative of the several
underwriters named therein.4.1
    
    Indenture, dated as of July 5, 2007, among Parker Drilling Company, the guarantors from time
to time party thereto, and The Bank of New York Trust Company, N.A.4.2
    
    Form of Note (included in Exhibit 4.1).10.1
    
    Confirmation of Convertible Bond Hedge Transaction, dated as of June 28, 2007, by and between
Parker Drilling Company and Bank of America, N.A.10.2
    
    Confirmation of Convertible Bond Hedge Transaction, dated as of June 28, 2007, by and between
Parker Drilling Company and Deutsche Bank AG, London Branch.10.3
    
    Confirmation of Convertible Bond Hedge Transaction, dated as of June 28, 2007, by and between
Parker Drilling Company and Lehman Brothers OTC Derivatives Inc.10.4
    
    Confirmation of Issuer Warrant Transaction dated as of June 28, 2007, by and between Parker
Drilling Company and Bank of America, N.A.10.5
    
    Confirmation of Issuer Warrant Transaction, dated as of June 28, 2007, by and between Parker
Drilling Company and Deutsche Bank AG, London Branch.10.6
    
    Confirmation of Issuer Warrant Transaction dated as of June 28, 2007, by and between Parker
Drilling Company and Lehman Brothers OTC Derivatives Inc.10.7
    
    Amendment to Confirmation of Issuer Warrant Transaction dated as of June 29, 2007, by and
between Parker Drilling Company and Bank of America, N.A.10.8
    
    Amendment to Confirmation of Issuer Warrant Transaction, dated as of June 29, 2007, by and
between Parker Drilling Company and Deutsche Bank AG, London Branch.




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ExhibitNumber
    
    Description10.9
    
    Amendment to Confirmation of Issuer Warrant Transaction, dated as of June 29, 2007, by and
between Parker Drilling Company and Lehman Brothers OTC Derivatives Inc.