Nabors - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Nabors M&A Summary

Nabors has acquired 11 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

Nabors’ largest acquisition to date was in 2010, when it acquired Superior Well Services for $900M. It’s largest disclosed sale occurred in 2014, when it sold Nabors - Hydraulic Fracturing Business to C&J Energy Services for $2.9B. Nabors has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include energy services and equipment (73%) and oil/gas exploration (28%).

Nabors Business Overview

Where is Nabors headquartered?

Nabors is headquartered in Hamilton, Bermuda.

What is Nabors’ revenue?

Nabors disclosed revenue of 3,006M USD for 2023 and 2,654M USD for 2022.

How many employees does Nabors have?

Nabors has 12,000 employees.

What sector is Nabors in?

Nabors is an oil/gas exploration company.

When was Nabors founded?

Nabors was founded in 1952.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity11
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

Nabors

Nabors Industries Ltd.

Crown House Second Floor 4 Par-la-Ville Road,
Hamilton, HM 08
Bermuda,
+441 292 1510
www.nabors.com

Nabors owns and operates a land-based drilling rig fleet and has a completion services and workover and well servicing rig fleets in North America. Nabors was founded in 1952 and is based in Hamilton, Bermuda.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 10 - - - - 1 11
vol $1.7B $1.7B
Sell (0.0/yr) # 3 - - - - - 3
vol $2.9B $2.9B
  14

Most Recent M&A

Company Date Value Type
Parker Wellbore 2024-10-15 - Add-on Acquisition
Houston, Texas · www.parkerwellbore.com
Tesco Corp. 2017-12-15 - Add-on Acquisition
Houston, Texas · www.tescocorp.com
Robotic Drilling Systems AS 2017-09-05 - Add-on Acquisition
Sandnes, Norway · www.rds.no
2TD Drilling AS 2014-12-16 - Add-on Acquisition
Algard, Norway · www.2td.no
Nabors - Hydraulic Fracturing Business 2014-06-25 2.9B USD Divestiture
, United States
Peak Oilfield Service Company LLC 2013-09-30 - Divestiture
Anchorage, Alaska · www.peakalaska.com
Peak USA Energy Services Ltd. 2012-04-19 - Divestiture
, United States
Superior Well Services, Inc. 2010-08-09 900M USD Merger
Indiana, Pennsylvania · www.superiorwells.com
Ryan Energy Technologies, Inc. 2002-08-13 - Add-on Acquisition
Calgary, Alberta
Enserco Energy Service Co., Inc. 2002-02-26 252M USD Add-on Acquisition
Calgary, Alberta
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 8 (73%) 1.7B (99%) 3 (100%) 2.9B (100%)
Oil/Gas Exploration 3 (27%) 20M (1%) - -
Total 11 $1.7B 3 $2.9B

By Geo

State/Country Buy Value Sell Value
United States 7 1.4B 3 2.9B
  Texas 3 518M - -
  Pennsylvania 1 900M - -
  Oklahoma 1 - - -
  Alaska - - 1 -
Canada 2 252M - -
  Alberta 2 252M - -
Norway 2 - - -
Domestic - - - -
Cross-border 11 (100%) 1.7B (100%) 3 (100%) 2.9B (100%)
Total 11 $1.7B 3 $2.9B

Top M&A Advisors

Financial Deals
BofA Securities
1
Simmons & Company
1
UBS Investment Bank
1
Legal Deals
Milbank
1
Latham & Watkins
1

Deal Values

buy # Total
$100M to $1B 3 $1.7B
< $100M 1 $20M
TOTAL $1.7B
Largest Superior Well Services, Inc.
$900M (2010-08-09)
sell # Total
> $1B 1 $2.9B
TOTAL $2.9B
Largest Nabors - Hydraulic Fracturing Business
$2.9B (2014-06-25)

M&A Connections

Deals
Acquired from
Investor(s)
18%
2 (18%)
Divested to
Strategic(s)
100%
3 (100%)

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