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HAMILTON, Bermuda , Oct. 9, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced that it has received prepayment in full of the $250 million seller financing note issued earlier this year, in connection with the sale of Quail Tools, LLC to Superior Energy Services, Inc. ("Superior").
Nabors appears to have made a good move with the divestment of Quail Tools. Besides selling the Quail business for more than what was paid for it, Nabors will use the proceeds to cut debt by 25%. Meanwhile, the U.S. and Saudi Arabia, the two key markets for Nabors, appear to be at the cyclical trough.
Innovative technology delivers more efficient, responsible and secure drilling performance; expected to set new industry benchmarks for excellence Enables complex well designs, including 4-mile laterals and 14,000+ vertical depths Furthers Caturus Energy's track record of highly technical drilling across high pressure, high-temperature subsurface environments HOUSTON , Sept. 25, 2025 /PRNewswir...
Transaction Reduces Nabors Net Debt by More Than 25% HAMILTON, Bermuda , Aug. 20, 2025 /PRNewswire/ -- Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced it has entered into a definitive agreement to sell Nabors' Quail Tools, LLC ("Quail") subsidiary to Superior Energy Services, Inc. ("Superior").
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