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Stock impact report

Nabors Closes Acquisition of Parker Wellbore and Announces Updated Investor Presentation

Nabors Industries Ltd. (NBR) 
Last nabors industries ltd. earnings: 2/20 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.nabors.com
Company Research Source: PR Newswire
HAMILTON, Bermuda, March 12, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced the closing of its acquisition of Parker Wellbore ("Parker"), advancing Nabors' leadership position in drilling and related, value-added services.Parker's solutions portfolio includes Quail Tools ("Quail"), the leading rental provider of high-performance downhole tubulars in the U.S. Lower 48 and U.S. Offshore markets. Quail provides similar rental services internationally in key markets. Parker holds significant market positions in onshore and offshore tubular running services, across the U.S., the Middle East, Latin America, and Asia. Additionally, Parker's contract drilling services include land and barge rigs, as well as Operations & Maintenance services.Anthony Petrello, Chairman, President and CEO of Nabors, commented on the closing of the acquisition, "With the successful completion of the Parker transaction, we are accelerating the growth of our Dril Show less Read more
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