Nabors Acquires Superior Well Services To Focus On Shale
Nabors Industries – an onshore and offshore drilling contractor – has agreed to pay $900 million to acquire Superior Well Services in order to focus on shale gas development, PennEnergy is reporting.
Located in the heart of the Marcellus Shale play, Superior is an oilfield services company that provides technical pumping and downhole surveying services. More importantly, the company specializes on shale gas services including hydraulic fracturing.
“This complementary combination of the largest land drilling contractor in the world with a leader in technical pumping will make both organizations stronger and better able to meet our customers’ needs not only in the U.S., but around the world,” said David Wallace, chairman and CEO of Superior in the PennEnergy piece.
Nabors owns and operates 542 land drilling rigs and 730 land workover and well service rigs in North America, as well as 40 platform rigs, 13 jackups and three barge rigs offshore.
Short URL: http://naturalgasforamerica.com/?p=1098
Posted by admin
on August 11th, 2010. Filed under Marcellus Shale, Shale Basins.
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