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Nabors Industries Limited is an American global oil and gas drilling contractor that has operated since 1972. Based in Houston, Texas, Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet.
In 2010, the company became a public company via an initial public offering which raised over $400 million. [2] In 2013, the company acquired 161,000 net acres in the Williston Basin for $1.5 billion. [3] In 2016, the company acquired 55,000 net acres and 226 gross operated drilling locations in the Williston Basin from SM Energy for $785 ...
In 1995, the company acquired Dekalb Energy Canada, marking the company's return to Canada, in a $285 million stock transaction. [14] In 1995, the company also acquired 315 oil and gas fields in the Permian Basin, the Texas-Louisiana Gulf Coast, western Oklahoma, East Texas, the Rocky Mountains and the Gulf of Mexico from Texaco. [15]
Texas Pacific Land Corp. owns nearly 900,000 acres in energy-rich West Texas, an area greater in size than Yosemite National Park. ... In time, the company would trade on the New York Stock ...
XTO Energy was founded in 1986, and was initially called Cross Timbers Oil Company. [11] The company was started by Bob R. Simpson, Steve Palko and Jon Brumley with US$35 million raised by former Goldman Sachs co-chairman Robert Rubin. [7] Initially, the company purchased and developed long-lived oil and gas production properties. [12]
Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. [1] UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. [3]
In June 2008, the company was added to the S&P 500. [7] In 2013, the company sold its assets in the Marmaton play of Oklahoma and West Texas for $160 million. [8] In March 2018, the company sold its assets in the Eagle Ford Group to KKR and Venado Oil & Gas. [9] In October 2021, the company acquired Cimarex Energy and was renamed Coterra Energy ...
In June 2006, the company acquired Western Gas Resources in a $5.3 billion cash transaction. [13] In August 2006, the company acquired Kerr-McGee for $16 billion in cash. [14] [15] In January 2007, the company sold assets in West Texas for $1 billion. [16] In February 2007, the company sold assets in Oklahoma and Texas for $860 million. [17]