Since the 1950s, Parker Drilling has been an active player in drilling markets. Today, Parker operates around the globe. Parker does not seek out markets solely for their exotic nature. Parker is well suited to move with customers into rugged, hostile drilling environments. In some markets, Parker has little or no competition. In other areas, like Latin America, the Asia Region, and in the United States, there is considerable competition, depending on the specific country or location. We compete against no single drilling contractor in any of our markets, however. This direction toward more industry consolidation is expected to continue, meaning fewer, but larger competitors.