Founded in 1934, Parker Drilling Company provides contract drilling solutions, rental tools and project management services to the energy industry throughout the world. It operates more than 25 land rigs in various international markets and over 10 offshore barge rigs in the United States Gulf of Mexico transition zone. The company also maintains rigs owned by third parties. Parker Drilling Company provides engineering, maintenance and alliance management services, as well as health, safety, human resources and environmental programs. Headquartered in Houston, it maintains a training center in New Iberia, La. Parker Drilling Company operates a subsidiary Quail Tools, which, is one of the leading providers of specialized equipment for drilling and workover operations on rental basis in the U.S.