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Nabors Industries announces agreement to acquire Parker Wellbore

Transaction brings together two of the storied names in the US drilling industry

Duncan Moore
The acquisition of Parker Wellbore adds a large-scale, high-performance tubular rental and repairs services operation to Nabors’ portfolio. Credit: Parker Wellbore

The acquisition of Parker Wellbore adds a large-scale, high-performance tubular rental and repairs services operation to Nabors’ portfolio. Credit: Parker Wellbore | Credits: Parker Wellbore

Nabors Industries Ltd. (Nabors) and Parker Wellbore (Parker) have announced a definitive agreement under which Nabors will acquire all of Parker's issued and outstanding common shares in exchange for 4.8...

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