Nabors and Corva deploy Predictive Drilling on non-Nabors rig
Rig 36 achieves back-to-back record lateral footage rates, up to 25% higher per day.
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Provider of drilling rigs, automation, and wellbore services
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In short: Nabors reported mixed financial results, completed the acquisition of Parker Wellbore, and expanded its global drilling technology reach.
Rig 36 achieves back-to-back record lateral footage rates, up to 25% higher per day.
Net loss attributable to shareholders was $15 million, adjusted EBITDA was $205 million, and average rigs working increased to 167.9.
The call on April 29 will discuss operating results for the quarter ended March 31.
The company also reported full-year adjusted EBITDA of $912.7 million and reduced net debt by $554 million. It provided first-quarter 2026 outlook.
Nabors Industries recently reported that its net leverage has fallen to its lowest level since 2008, driven by substantial net debt reduction that is expected...
Nabors Industries Ltd. (NYSE: NBR) invites you to join Anthony G. Petrello, Chairman, President and Chief Executive Officer, and Miguel A. Rodriguez, Chief Financial Officer...
A number of stocks fell in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as...
NBR is expanding its global footprint with new rig deployments, innovative drilling technologies, debt reduction and long-term contracts that strengthen revenue stability.
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