The neighborhood that Nabors Drilling USA covers is the Continental US. The contract drilling company, the US drilling arm of major drilling firm Nabors Industries, provides a range of drilling and related services, and is one of the largest contract drillers in the lower 48 states. Through strategic acquisitions and internal investments, the company has built up its operating fleet to more than 300 land drilling rig and more about 570 workover/well servicing rigs. Nabors Drilling USA also provides well control equipment rental, equipment engineering, technical support and other rig-related services.
The company works closely with sister company Ryan Energy Technologies in offering integrated rig and directional services to customers operating in shale plays and other oil and gas exploration and production areas across the US.
In 2012 Nabors Drilling USA was operating more than 60 rigs in North Dakota, primarily in the Williston Basin, where it has a 30-year investment in developing the underexploited oil and gas assets in the area. It also has more than 50 rigs in South Texas, where it is exploiting the lucrative Eagle Ford Shale play and other areas.
The combination of its parent's financial resources, continual upgrading of equipment, and a strong employee base gives the unit (Nabors Industries' largest subsidiary) a distinct advantage over rival drillers.
Nabors Drilling USA saw its revenue jump by 58% in 2011 and its operating income by 138%, primarily due to high oil prices and increased demand for the company's services in US shale plays. Overall rig hours went up by 23% for the year and the company also reported an increase in the use of trucks and frac tanks (water tanks used in hydraulic fracturing). – less