Parker Drilling Company (NYSE:PKD - News) announced today that it has agreed to sell 9 1/8% senior notes due 2018 in a previously announced private offering resulting in gross proceeds of $300 million.  The senior notes will bear interest at a rate of 9 1/8% per annum and will mature on April 1, 2018.

The Company intends to use the net proceeds of the offering of the senior notes to fund a cash tender offer and consent solicitation for all of the $225.0 million outstanding principal amount of the Company's 9 5/8% senior notes due 2013 and for general corporate purposes, which may include the redemption of any of the Company's 9 5/8% senior notes due 2013 not tendered in the tender offer and consent solicitation and the repayment of up to $42.0 million of borrowings under its revolving credit facility. [Read the full article]

Cloud Peak Energy Inc. (NYSE: CLD - News), the third-largest U.S. coal producer and the only pure-play Powder River Basin coal company, plans to announce its full year and fourth quarter 2009 financial results on March 16, 2010, after the markets close.

A conference call with management is scheduled at 5:00 p.m. EDT on March 16, 2010, to review the results and current business conditions. The call will be webcast live over the Internet from the Company's Web site at www.cloudpeakenergy.com under "Investor Relations." Participants should follow the instructions provided on the Web site for downloading and installing the audio applications necessary to join the webcast. Interested individuals also can access the live conference call via telephone at 800-573-4840 (domestic) or 617-224-4326 (international) and entering passcode 95523998. [Read the full article]

Key Energy Services, Inc. (NYSE:KEG - News) announced today its February 2010 consolidated rig hours, which increased 1% and trucking hours, which decreased 5% over the previous month, respectively. Hourly activity levels for the month of February 2010 and comparable periods are as follows:

*Key calculates U.S. working days as total weekdays for the month less any company holidays that occur in the month.  For the month of March 2010, there will be 23 working days.

* Average U.S. rigs worked is calculated as the total number of rigs worked per day during a period divided by the number of workdays in that period.

Comparable 2009 and 2008 monthly information is available on Key's website at www.keyenergy.com under "Investor Relations."

Chairman, President and CEO Dick Alario commented, "Our U.S. rig service hours increased 4% in February, led by an 8% increase in activity from our larger customers. [Read the full article]

Noble Corporation (NYSE:NE - News) today announced that David W. Williams, Chairman, President and Chief Executive Officer, will present at the Howard Weil 38th Annual Energy Conference in New Orleans, Louisiana, on Tuesday, March 23, 2010, at 10:45 a.m., Central Daylight Time. Presentations from this conference are not being webcast; however, a copy of Noble's presentation materials will be available at the time of the event in the Investor Relations section of the Company's Web site: http://www.noblecorp.com.

Noble is a leading offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 62 offshore drilling units (including two rigs currently under construction) located worldwide, including in the Middle East, India, the U.S. Gulf of Mexico, Mexico, the Mediterranean, the North Sea, Brazil, and West Africa. [Read the full article]