Visions and Strategic Plans

Our Vision

To become the leading provider of premium drilling, project management and rental tool services, generating consistent superior returns for our shareholders

Our Values

Integrity

We maintain high ethical standards and demand integrity in our dealings with competitors, customers, partners and each other.

Innovative Spirit

We create exceptional value for our customers through our relentless pursuit of improvement in the performance and efficiency of our drilling solutions.

Superior Service to Our Customers

We are committed to helping customers become more successful through our superior service and enhanced value.

Respect for People, Ethical Conduct, the Environment and the Law

We work in a manner that protects and promotes the health and well-being of the individual and the environment.

The Four Pillars of a Preferred Drilling Contractor

Safety

Guided by Parker’s Quality Management System, our vision for health, safety and environmental (HSE) management, we strive to create and sustain a culture of safety in which we put safety first in everything we do, with the benchmark of Incident-Free Operations.

Training

As a part of conquering technological frontiers and the barriers to working safely and efficiently, we are committed to providing our employees with a full curriculum of HSE, technical and ethical training, to ensure our people are prepared for safe, efficient operations while meeting our performance and compliance objectives.

Technology

Developing new technology to create greater efficiencies in the drilling process and doing it in a way that reduces our impact on the environment lies at the heart of our competitive edge. We continually look for and evaluate technologies that have the potential to open new frontiers, improve drilling efficiency, reduce environmental impacts, and enhance safety.

 

Performance

We are committed to advancing a compliant, performance-driven culture through a continuous cycle of planning, executing and measuring our progress against our goals.

Our Strategies

  • Achieve/maintain market leadership in selected markets (extended-reach drilling applications, barge rig applications, and core markets)

  • Grow through selective investment in new assets and/or lines of business

  • Exercise financial discipline and maintain a strong balance sheet

  • Differentiate Parker’s brand by providing best-value solutions to our customers, leveraging the Four Pillars of a Preferred Drilling Contractor