Parker Drilling Co. has elected Peter Fontana to its board of directors. An oil and gas industry veteran with over 30 years of experience, Mr. Fontana brings extensive international oilfield services and technical operations expertise to the Company.

With the addition of Mr. Fontana, the board's total membership is now 10. He will also serve on the board's audit committee. Mr. Fontana is the former COO of Weatherford International, a global provider of equipment and services used in drilling, evaluation, completion, production and intervention of oil and natural gas wells.

He retired from Weatherford in 2013, having served as COO since 2010. Mr. Fontana joined Weatherford in January 2005. Prior to joining Weatherford, Mr. Fontana held leadership positions with Baker Hughes, Forasol/Foramer and The Western Company of North America.