Nabors

Nabors Sees ‘Gradual Softening’ in Lower 48 Drilling Activity

Nabors Sees ‘Gradual Softening’ in Lower 48 Drilling Activity

Second quarter results for the oilfield services industry have basically been play, rewind, repeat, and Nabors Industries Ltd.’s management team mirrored some of the same things as its peers, including a more cautious approach by Lower 48 customers and stronger activity overseas.

July 31, 2019
Lower 48 Rig Count Holding Up Better than Expected, Says Nabors CEO

Lower 48 Rig Count Holding Up Better than Expected, Says Nabors CEO

Nabors Industries Ltd., which owns and operates one of the world’s largest land-based drilling rig fleets, as well as offshore rig platforms, got clobbered on the international front during the fourth quarter, but U.S. operations benefited from better daily margins.

February 27, 2019

Lower 48 Rig Count Steady-to-Higher at Year’s End, Based on Nabors Client Survey

Nabors Industries Ltd., which operates the world’s largest land-based drilling rig fleet, posted a 7% gain in Lower 48 rig activity and margins during the third quarter, with rising expectations for the onshore, based on client conversations.

October 25, 2017

Nabors, Tesco Deal Builds Global Rig, Drilling Automation Reach

Nabors Industries Ltd., which owns and operates the world’s largest land-based drilling rig fleet, agreed Monday to acquire Houston-based Tesco Corp. in a stock-for-stock transaction to expand its global rig equipment and drilling automation arm.

August 14, 2017

Weatherford, Nabors Collaboration to Target Lower 48 Drilling Customers

Two of the biggest oilfield operators in North America, Nabors Industries Ltd. and Weatherford International plc, are teaming up to combine their “enhanced” oil and natural gas drilling solutions for customers in the Lower 48 states.

February 2, 2017

Nabors in Lockstep with Peers on Less Drilling, Fewer Rigs in North America

Nabors Industries Inc., which owns and operates the world’s largest land-based drilling rig fleet, said Wednesday the story that has been playing out for contract oilfield service operators remains the same, as activity in North America is forecast to continue to slide this year.

February 17, 2016

C&J Merger With Nabors Arm Delayed by Court

The $2.89 billion merger of C&J Energy Services Inc. and the completions arm of Nabors Industries Ltd. has been halted temporarily so that C&J may shop for other bids, a Delaware Chancery Court ruled Monday.

November 25, 2014
Nabors Tie-Up With C&J to Create Giant North American Completions Business

Nabors Tie-Up With C&J to Create Giant North American Completions Business

C&J Energy Services Inc. late Wednesday agreed to merge with Nabors Industries Ltd.’s completions arm in a $2.86 billion deal that would create one of the largest hydraulic fracturing (fracking) businesses in North America.

June 26, 2014

ZaZa’s Stingray Well Production to Be Limited at First

ZaZa Energy Corp. said Tuesday it has hit a snag with its Stingray well in the Eaglebine play that will limit initial production. However, the setback is temporary, and the company intends to continue Eaglebine drilling while it high grades its Eagle Ford acreage.

December 13, 2012

Nabors: Less Drilling in Oklahoma, Arkansas; ‘Dismal’ in Canada

Nabors Industries Ltd., the largest land driller in the world, has “recently” begun to see a weakening in several of its U.S. Lower 48 operating areas and is uncertain how much it will affect industry rig counts and rates, CEO Gene Isenberg said Wednesday. A “significant” reduction in spot market rates is likely in some areas, but any contraction in North American gas drilling is likely to be “shallow and brief.”

February 8, 2007