Nabors Industries Ltd.
Transactions
Nabors Closes $370MM Parker Wellbore Acquisition
Nabors Closes $370MM Parker Wellbore Acquisition
Nabors Exits Canadian Land Rig Business in Deal with Ensign
Nabors Exits Canadian Land Rig Business in Deal with Ensign
Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger
Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger
Weatherford, Nabors Form Drilling Solutions Alliance For Lower 48
Weatherford, Nabors Form Drilling Solutions Alliance For Lower 48
Nabors, Saudi Aramco Form JV For Onshore Drilling RigsNabors, Saudi Aramco Form JV For Onshore Drilling Rigs
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New Financings
Filed a SPAC registration statement for Nabors Energy Transition Corp. (NETC), a newly formed special…
Nabors Industries Ltd. has priced $600 million in aggregate principal amount of senior guaranteed notes…
Nabors Industries Ltd. has commenced concurrent underwritten public offerings of 35 million of its common…
Nabors Industries Ltd. said its wholly owned subsidiary, Nabors Industries Inc., has priced $800 million…
Bought back about 10.4 million of its common shares from UBS Investment Bank. The shares represent about…
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News
1Q25 Trend: US Producers Pivot on Market Uncertainty, Cut Capex and Rigs
Macro volatility and price uncertainty topped most discussions in first-quarter earnings calls as companies including Diamondback Energy, Occidental Petroleum and Coterra Energy reduce spending and rig counts.
Hess Dishes on First 4-Mile Bakken Wells in North Dakota
Hess Corp. landed its first 4-mile laterals in North Dakota’s Bakken Shale in February, part of a broader “shale evolution” underway in the Williston Basin, the company said.
US E&Ps Could Drop Up to 100 Rigs at New Low Oil Price
Private operators are likely to let rigs go first, beginning in the Midcontinent and Powder River Basin, then the Eagle Ford, Bakken and Permian, according to J.P. Morgan Securities.
Halliburton, Nabors Collab to Deploy Drilling Automation in Oman
The companies integrated Halliburton’s Logix automation with Nabors Industries’ SmartROS rig operating system.
Nabors Closes $370MM Parker Wellbore Acquisition
The acquisition of Parker Wellbore adds a large-scale, high performance tubular rental and repairs services operation in the Lower 48 and offshore U.S. to the Nabors portfolio.
GA Drilling Moves Deep Geothermal Tech Closer to Commercialization
The U.S. Department of Energy estimates the next generation of geothermal projects could provide some 90 gigawatts in the U.S. by 2050.
Nabors SPAC, e2Companies $1B Merger to Take On-Site Powergen Public
Nabors Industries’ blank check company will merge with e2Companies at a time when oilfield service companies are increasingly seeking on-site power solutions for E&Ps in the oil patch.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.
Nabors, ProPetro Plan to Deliver High Voltage to Drillers
Nabors Industries, in partnership with e2Companies, and, separately, ProPetro Holding Corp., both launched oilfield electrification solutions on Dec. 10.
As Upstream M&A Settles, Oilfield Services Gear Up for More Deals
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
Pitts: US Energy Pioneers, Capital Wanted for Vaca Muerta
Despite its vast potential, Argentina lacks the resources—both in capital and technical expertise—to fully tap the potential of the Vaca Muerta play.
Fewer Rigs, Bigger Payoff: US Oil Production Continues to Climb Even as Rig Count Drops
Despite a decline in the number of rigs in the U.S., technological advances and improved efficiencies have kept production going, allowing companies to achieve more with fewer resources.
Drilling Tools International to Buy UK’s Titan Tools Services
Drilling Tools International said the acquisition of U.K.-based Titan will enhance its market presence in the North Sea, Europe and Africa.
Nabors Takes to Global Expansion in 3Q as Rig Count Shrinks in Lower 48
Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.
Nabors Industries to Buy Parker Wellbore for $370MM
Nabors Industries Ltd. will buy Parker Wellbore for 4.8 million shares of Nabors common stock and assume an additional $100 million in debt as OFS companies continue to consolidate following a massive wave of E&P M&A since 2023.