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Service & Supply | Oilfield Services | Deals - Acquisition, Mergers, Divestitures

Nabors Drilling Sells Eagle Ford Assets

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Nabors reported the sale of Eagle Ford assets during its third quarter reports.

"We sold two non-core operations, the Eagle Ford oil and gas properties and our Peak Oilfield Services business in Alaska."

We believe our results reflect the drilling market is stabilizing in the U.S. Lower 48 and the beginning of an extended International up cycle, both views supported by our securing a large number of high-impact, long-term contracts. The pressure pumping portion of our Completion Services segment recovered nicely from the weather interruptions of the second quarter, but the recovery was significantly offset by losses in Canada and the increasingly competitive coiled tubing market, where we are suspending select operations and impairing the equipment.Production Services recently finalized…

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