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Nabors Holding Company history
Nabors Holding Company company history timeline
Because a majority of Anglo's business was conducted by Nabors Drilling Ltd. and Nabors Alaska Drilling subsidiaries and because the company wanted to change its moniker to reflect its new management's goals, in March 1989 the company changed its name to Nabors Industries, Inc.
By the end of 1991 Nabors' annual revenues had jumped to more than $240 million, and net income nearly doubled from $14.5 to $27 million.
In 1992 Stratton was named vice chairman and Anthony G. Petrello became president and chief operating officer.
In June 1993 Nabors became the largest land drilling contractor in the United States after buying out its major domestic competitor, Grace Drilling Company.
In 1993 Nabors debuted one of its new slim hole rigs in Venezuela, where the company's operations were expected to become increasingly profitable as a result of new government polices designed to spur oil exploration and production activities.
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Nabors Holding Company competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Sylvan Energy | - | $5.0M | 50 | - |
| Key Energy Services | 1977 | $413.9M | 7,500 | 18 |
| Nabors Drilling USA, LP | 1992 | $15.0M | 15,000 | - |
| Helmerich & Payne | 1920 | $2.8B | 9,777 | 35 |
| Patterson-UTI Energy | 1978 | $5.4B | 5,800 | 98 |
| Basic Energy Services | 1992 | $710.1M | 2,800 | 1 |
| Parker Drilling Co | 1934 | $480.8M | 2,670 | 2 |
| Precision Drilling | 1951 | $1.2B | 4,469 | 27 |
| Hercules Offshore | 2004 | $326.5M | 1,800 | - |
| Cactus Drilling Co | 2002 | $120.0M | 65 | - |
Nabors Holding Company history FAQs
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Nabors Holding Company may also be known as or be related to Nabors Holding Co and Nabors Holding Company.