M&A Deal Summary

Nabors Acquires Delta Drilling Co.

On December 22, 1994, Nabors acquired oil/gas exploration company Delta Drilling Co. for 20M USD

Acquisition Highlights
  • This is Nabors’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Nabors’ 4th largest (disclosed) transaction.
  • This is Nabors’ 2nd transaction in the United States.

M&A Deal Summary

Date 1994-12-22
Target Delta Drilling Co.
Sector Oil/Gas Exploration
Buyer(s) Nabors
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Delta Drilling Co.

United States
Delta Drilling Co. a oil and gas exploration company.

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Buyer(S) 1

Buyer

Nabors

Hamilton, Bermuda

Category Company
Founded 1952
Sector Oil/Gas Exploration
Employees12,400
Revenue 2.9B USD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 11
Sector: Oil/Gas Exploration M&A 2 of 3
Type: Add-on Acquisition M&A Deals 1 of 8
Country: United States M&A 2 of 7
Year: 1994 M&A 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-10-27 Sundowner Offshore Services

United States

Sundowner Offshore Services, Inc. a oil and natural gas exploration company. Sundowner provides contract drilling, well servicing and workover services in the Gulf of Mexico and various international offshore markets utilizing the latest generation of self-contained, modular platform rigs and jackup workover rigs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-12 Pool Energy Services Co.

Houston, Texas, United States

Pool Energy Services Co., headquartered in Houston, is a diversified energy services company principally engaged in providing well-servicing, workover and drilling services and related transportation services on land and offshore in the U.S. and selected international markets.

Buy $518M