8-K

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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): April 14, 2005


                             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 Employer
     of incorporation)                                       Identification No.)


    1401 Enclave Parkway, Suite 600
          Houston, Texas 77077                                        77077
(Address of principal executive offices)                            (Zip Code)

       Registrant's telephone number, including area code: (281) 406-2000


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))


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Item 8.01    Other Events.

         On April 14, 2005, Parker Drilling Company (the "Company") publicly
disseminated a press release announcing that it intends, subject to market and
other conditions, to offer an additional $50 million in aggregate principal
amount of its 9 5/8% Senior Notes due 2013 in a private offering. The purpose of
this Current Report on Form 8-K is to file as Exhibit 99.1 a copy of the
Company's press release dated April 14, 2005 announcing such event. The press
release is incorporated by reference into this Item 8.01 and the foregoing
description of the press release is qualified in its entirety by reference to
such exhibit.

Item 9.01    Financial Statements and Exhibits.

         Exhibits. The following is filed as an exhibit to this Current Report
on Form 8-K:

             99.1 Press Release of Parker Drilling Company dated April 14, 2005.






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                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                    PARKER DRILLING COMPANY


Dated: April 14, 2005               By: /s/ W. Kirk Brassfield
                                        ----------------------------------------
                                        W. Kirk Brassfield
                                        Vice President, Finance and Accounting




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                                  EXHIBIT INDEX




Exhibit
Number            Description
- -------           -----------

               
99.1              Press Release of Parker Drilling Company dated April 14, 2005.







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EX-99.1

                                                                    Exhibit 99.1

         Parker Drilling Company Announces Proposed Private Offering of
                     Additional 9 5/8% Senior Notes due 2013

HOUSTON, April 14, 2005 - Parker Drilling Company (NYSE: PKD) announced today
that it intends, subject to market and other conditions, to offer an additional
$50 million in aggregate principal amount of its 9 5/8% Senior Notes due 2013
(the "Additional Notes") in a private offering. The Additional Notes will be
issued under an Indenture, dated as of October 10, 2003, under which $175.0
million in aggregate principal amount of notes of the same series were
previously issued. The Company expects that the Additional Notes will be issued
at a premium over their face amount. The offering of the Additional Notes will
be made within the United States only to qualified institutional buyers in
reliance on Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and outside the United States only to non-U.S. persons in
reliance on Regulation S under the Securities Act.

     The Company intends to use the net proceeds of the offering of the
Additional Notes, together with cash on hand, to redeem $65 million aggregate
principal amount of the Company's 10 1/8% Senior Notes due 2009.

     The securities to be offered have not been registered under the Securities
Act, or any state securities laws, and unless so registered, may not be offered
or sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act
and applicable state securities laws.

     This press release does not constitute an offer to sell or the solicitation
of an offer to buy any security and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such offering would be unlawful.


         Cautionary Statement Regarding Forward-Looking Statements: This press
release contains statements that are "forward-looking statements" within the
meaning of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements contained in this press
release, other than statements of historical facts, are "forward-looking
statements" for purposes of these provisions. These forward-looking statements
include the Company's intention to raise proceeds through the offering and sale
of notes, the Company's intended use of proceeds of the offering of notes and
the anticipated terms of the notes. There can be no assurance that the Company
will complete the offering of the notes on the anticipated terms or at all. The
Company's



ability to complete the offering of the notes will depend, among other things,
on market conditions for debt securities in general and the Company's debt
securities in particular. In addition, the Company's ability to complete the
offering and the Company's business are subject to the risks described in the
Company's filings with the Securities and Exchange Commission. The Company's
annual, quarterly and special reports are available over the internet at the
SEC's web site at http://www.sec.gov. Nothing in this press release should be
construed as an offer to purchase, or as a notice to redeem, any outstanding
10 1/8% Senior Notes due 2009.

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