Last $26.42 USD
Change Today -0.11 / -0.41%
Volume 2.6M
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As of 4:15 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Crown House

Second Floor

4 Par-la-Ville Road

Hamilton, HM 08

Bermuda

Phone: 441-292-1510

Fax: 441-292-1334

Nabors Industries Ltd., together with its subsidiaries, provides drilling and rig services; and completion and production services. Drilling and Rig Services The company offers global drilling rig and drilling-related services, consisting of equipment manufacturing, instrumentation optimization software and directional drilling services. Completion Services The company provides a range of wellsite solutions to oil and natural gas companies, consisting primarily of technical pumping services, including hydraulic fracturing, a process sometimes used in the completion of oil and gas wells whereby water, sand and chemicals are injected under pressure into subsurface formations to stimulate gas and oil production, and down-hole surveying services. The completion process may involve selectively perforating the well casing at the depth of discrete producing zones, stimulating and testing these zones and installing down-hole equipment. The company’s operations are involved in the completion, life-of-well maintenance and eventual plugging and abandonment of a well. These services include stimulation, coiled-tubing, cementing, wireline, workover, well-servicing, and fluids management. Other technical services include completion, production and rental tool services. Additionally, the company provides fluid logistics services, including those related to the transportation, storage and disposal of fluids that are used in the drilling, development and production of hydrocarbons. Production Services Well-servicing/Maintenance Services: The company provides maintenance services on the mechanical apparatus used to pump or lift oil from producing wells. These services include, among other activities, repairing and replacing pumps, sucker rods and tubing. They also occasionally include drilling services. The company provides the rigs, equipment and crews for these tasks, which are performed on both oil and natural gas wells, but which are more commonly required on oil wells. Maintenance services typically take approximately 48 hours to complete. Rigs generally are provided to customers on a call-out basis. The company is paid an hourly rate, and work typically is performed five days a week during daylight hours. Workover Services: Producing oil and natural gas wells occasionally require major repairs or modifications, called workovers. Workovers may be required to remedy failures, modify well depth and formation penetration to capture hydrocarbons from alternative formations, clean out and recomplete a well when production has declined, repair leaks or convert a depleted well to an injection well for secondary or enhanced recovery projects. Workovers normally are carried out with a rig that includes standard drilling accessories, such as rotary drilling equipment, pumps and tanks for drilling fluids, blowout preventers and other specialized equipment for servicing rigs. Production and Other Specialized Services: The company also provides other specialized services, including onsite temporary fluid storage; the supply, removal and disposal of specialized fluids used during certain completion and workover operations; and the removal and disposal of salt water that often accompanies the production of oil and natural gas. The company also provides plugging services for wells where the oil and natural gas has been depleted or further production has become uneconomical. The company is paid an hourly or a per-unit rate, as applicable, for these services. The company’s fleet of rigs and equipment includes 485 actively marketed land drilling rigs for oil and gas land drilling operations in the United States, Canada and approximately 20 other countries worldwide; 445 actively marketed rigs for land well-servicing and workover services in the United States and approximately 104 rigs for land well-servicing and workover services in Canada; 38 platform, 8 jackup and 4 barge rigs actively marketed in the United States and multiple international markets; and approximately 800,000 hydraulic horsepower for hydraulic fracturing, cementing, nitrogen and acid pressure pumping services in key basins throughout the United States

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NBR

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Valuation NBR Industry Range
Price/Earnings 54.4x
Price/Sales 1.2x
Price/Book 1.3x
Price/Cash Flow 6.2x
TEV/Sales 0.5x
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