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Nabors Announces Sale Of Quail Tools To Superior Energy Services For $600 Million

ReutersAug 20, 2025 8:52 PM

- Nabors Industries Ltd NBR.N:

  • NABORS ANNOUNCES SALE OF QUAIL TOOLS TO SUPERIOR ENERGY SERVICES FOR $600 MILLION

  • NABORS INDUSTRIES LTD - DEAL REDUCES NABORS NET DEBT BY OVER 25%

  • NABORS INDUSTRIES - UPON FULL REALIZATION OF SALE PROCEEDS, CO EXPECTS NET DEBT TO DECLINE BY $625 MILLION

  • NABORS INDUSTRIES LTD - QUAIL ESTIMATED TO GENERATE ABOUT $150 MILLION ADJUSTED EBITDA IN 2025

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