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Nabors Industries Limited is an American global oil and gas drilling contractor that has operated since 1972. Based in Houston, Texas, Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet.
Williston is a city in and the county seat of Williams County, North Dakota, United States. [7] The 2020 census [4] gave its population as 29,160, making Williston the sixth-most populous city in North Dakota. The city's population nearly doubled between 2010 and 2020, due largely to the North Dakota oil boom.
In June 2007, the company acquired 175,000 net acres and 1 thousand barrels of oil equivalent (6,100 GJ) per day of production in Williston, North Dakota for $83 million. [1] In 2008–2009, the company acquired an additional 131,000 net acres and 1.1 thousand barrels of oil equivalent (6,700 GJ) per day of production nearby for $54 million. [1]
Night view of H&P drilling the Bakken. The North Dakota oil boom was the period of rapidly expanding oil extraction from the Bakken Formation in the state of North Dakota that lasted from the discovery of the Parshall Oil Field in 2006, and peaked in 2012, [1] [2] but with substantially less growth noted since 2015 due to a global decline in oil prices.
In 2012, Tesco sold its CASING DRILLING™ division to Schlumberger for $45 million. [5] [6] In 2013, the company acquired automated catwalk technology from Custom Pipe Handlers Canada. [7] In 2014, the company acquired Tech Field Services. [8]
The Williston Basin is a large intracratonic sedimentary basin in eastern Montana, western North Dakota, South Dakota, southern Saskatchewan, and south-western Manitoba that is known for its rich deposits of petroleum and potash. The basin is a geologic structural basin but not a topographic depression; it is transected by the Missouri River ...