BNET Industries

Market Cap:$6.2B
Last Fiscal Year Sales:$4.9B
- Public
- US
Dow Jones Description
We are a Delaware holding company and an indirect, wholly-owned subsidiary of Nabors. Prior to the corporate reorganization that was completed on June 24, 2002, we were a publicly-traded corporation. We were incorporated in Delaware on May 3, 1978. Our principal executive offices are located at 515 West Greens Road, Suite 1200, Houston, Texas 77067 and our telephone number at that address is (281) 874-0035.
Chairman and Chief Executive Officer
Eugene M IsenbergNumber of Employees 26,912
Peer Companies
NAICS Code Drilling Oil and Gas Wells: 213111
Recent Events
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Options Spotlight: Nabors Industries Limited
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More Than a Bit Negative on Land Drillers
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BRIEF-RESEARCH ALERT-BMO starts U.S. oil services sector
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SanDisk, SLM, US Bancorp, Yahoo Up
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Best Drillers May Be in Deepwater
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Nabors 2Q 2009 EPS Equals $0.32 Excluding Non-Cash Items
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Nabors to release Q2 results on July 21
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Nabors Industries Names Larry Heidt Chairman, CEO Nabors Well Services Ltd. - Update
News & Analysis
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nabors industries inc. - All News and Analysis
Nabors Industries Q2 2009 Earnings Transcript
Question-and-Answer SessionOperator Thank you very much. Operator Instructions. And the first question we have is from Jim Rollyson of Raymond James. Please go ahead with your question. James Rollyson - Raymond James Gene, you mentioned looking for modeling purposes at the different types of rigs, when you look forward....
Fitch Rates $575MM Nabors Sr. Note Offering 'A-'; Outlook Stable
NEW YORK -- Fitch Ratings has assigned an 'A-' rating to the recently announced note offering by Nabors Industries, Inc. Nabors. In addition, Fitch has affirmed the following ratings on Nabors: --Issuer Default Rating IDR at 'A-'; --Senior unsecured at 'A-'; --Convertible debentures at 'A-'. Fitch...
Linda Duessel
Equity market strategist Federated Investors Activision ($26.72 Friday, ticker: ATVI). The video game maker is merging with Vivendi, creating an $18billion-a-year gaming giant. It's immune to downturn because stay-at-home gamers in the world of Wii and Xbox view Call of Duty and...
Fitch Affirms Nabors Industries Inc. IDR at 'A-'; Outlook Stable
CHICAGO -- Fitch Ratings has affirmed the following ratings on Nabors Industries, Inc.: --Issuer default rating IDR at 'A-'; --Senior unsecured at 'A-'; --Convertible debentures at 'A-'. Additionally, Fitch has assigned the following rating to Nabors Industries, Ltd. (the parent company of Nabors Industries, Inc.): ...
Montello Resources Ltd. (TSX VENTURE:MEO) Spuds the John Bowen #2 Well in Tennessee.
CALGARY, ALBERTA, Aug 15, 2007 CCNMatthews via COMTEX -- Montello Resources Ltd. (TSX VENTURE:MEO) proudly announces the "SPUD" of the John Bowen #2 Well (Morgan Highpoint #1) this morning at 2 AM EST August 15th, 2007. Montello is the Operator and has a 55% Net Working ...
Shareholder Alert for Nabors Industries Ltd.
M2 PRESSWIRE-29 March 2007-Oil and Gas News: Shareholder Alert for Nabors Industries Ltd.C1994-2007 M2 COMMUNICATIONS LTD RDATE:29032007 Oil and gas exploration and production companies need a little help in order to ply their trade all around the globe, and like a good...
Current Research on Nabors Industries Ltd.
M2 PRESSWIRE-21 March 2007-Oil and Gas News: Current Research on Nabors Industries Ltd.C1994-2007 M2 COMMUNICATIONS LTD RDATE:21032007 Oil and gas exploration and production companies need a little help in order to ply their trade all around the globe, and like a good...
Nabors Industries Announces Fourth Quarter Earnings Conference Call
HAMILTON, Bermuda -- Nabors Industries Ltd. (NYSE:NBR) invites you to join us Wednesday, February 7, 2007 at 10:00 a.m. CT for a discussion of operating results for the fourth quarter 2006. Nabors will release earnings after the market closes on February 6, 2007.< < < < ...
Exploring the Future Trends of Nabors Industries Ltd.
M2 PRESSWIRE-3 January 2007-Oil and Gas News: Exploring the Future Trends of Nabors Industries Ltd.C1994-2007 M2 COMMUNICATIONS LTD RDATE:03012007 Oil and gas exploration and production companies need a little help in order to ply their trade all around the globe, and like...
Bellwether Report.com is Taking Serious Note of Nabors Industries Ltd.
M2 PRESSWIRE-11 October 2006-bellwetherreport.com: Bellwether Report.com is Taking Serious Note of Nabors Industries Ltd.C1994-2006 M2 COMMUNICATIONS LTD RDATE:11102006 The Bellwether Report Takes Notice of Nabors Industries Ltd. (Nyse:NBR) Oil and gas exploration and production companies need a little...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Bruce Koch | Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) |
| Daniel Mclachlin | Vice President, Administration |
| Dennis A. Smith | Director, Corp Dev |
| Mark D Andrews | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Eugene M Isenberg | Chairman and Chief Executive Officer |
| Anthony G. Petrello | Deputy Chairman, President & COO |
| Hans Schmidt | Chairman of the Technical and Safety Committee of the Board |
| James L. Payne | Chair |
| Myron M. Sheinfeld | Chairman |
| William Ty Comfort | Chairman |
| Jack Wexler | Board of Directors |
| James C. Flores | Board of Directors |
| Martin J. Whitman | Board of Directors |
| Marty J. Whitman | Board of Directors |
| Mickey M Sheinfeld | Board of Directors |
| Richard A. Stratton | Vice Chairman |
Gene has served as the Chairman of the Board, Chairman of the Executive Committee of the Board and Chief Executive Officer of Nabors since 1987. He has been a Director of Danielson Holding Corporation since 1990. He has been a Governor of the National Association of Securities Dealers (NASD) since 1998, the National Association of Securities Dealers Automated Quotation (NASDAQ) since 1998 and the American Stock Exchange (AMEX) since 1996. From 1969 to 1982, Gene was Chairman of the Board and principal shareholder of Genimar, Inc. From 1955 to 1968, Exxon Corporation employed Mr. Isenberg in various management capacities.
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Chairman and Chief Executive Officer | Current |
| The American Stock Exchange LLC | Former | |
| National Petroleum Council | Member | Current |
| Drilling Technology | Chairman and Chief Executive Officer | Former |
| FINRA | Governor | Former |
| Nabors Industries, Inc. | Board of Directors | Former |
Tony was elected to the Nabors Board of Directors in 1991. He has served as President and Chief Operating Officer of Nabors since 1992 and a member of the Executive Committee of the Board since 1991. From 1979 to 1991, Mr. Petrello was with the law firm Baker & McKenzie, where he had been Managing Partner of its New York Office from 1986 until his resignation in 1991.
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Deputy Chairman, President & COO | Current |
| Heart Assoc. | President and Chief Operating Officer of Nabors Industries | Current |
| Nabors Industries, Inc. | Co-Chairman, Vice Chairman | Current |
| Heart Assoc. | Board of Directors | Current |
| Texas Children's Hospital | Board Member | Current |
| New York Office | Managing Partner | Former |
| Nabors Industries, Inc. | Board of Directors | Former |
| Harvard Law School | J.D. Degree | Former |
| Yale University | M.S. Degrees In Mathematics | Former |
| Yale University | B.S. | Former |
| Harvard Law School | Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) | Current |
| Nabors Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Vice President, Administration | Current |
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Director, Corp Dev | Current |
Hans was elected to the Nabors Board of Directors in 1993 and has served as Chairman of the Technical and Safety Committee of the Board since 1998. From 1958 to 1992, Mr. Schmidt held a number of positions with C. Deilman A.G, including serving as a Director from 1982 to 1992. He also served as Director of Deutag Drilling, a subsidiary of C. Deilman A.G. from 1965 to 1992. From 1988 to 1991, Mr. Schmidt served as President of Transocean Drilling Company, a company of which he was also a director from 1981 until 1991.
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Chairman of the Technical and Safety Committee of the Board | Current |
| Nabors Industries, Inc. | Board of Directors | Current |
Chairman and Chief Executive Officer, Shona Energy Company, LLC. Jim was elected to the Nabors Board of Directors in 1999 and has served as a member of the Technical and Safety Committee since 1999 and Chairman of the Governance and Nominating Committee of the Board since 2002. Mr. Payne is Chairman and Chief Executive Officer of Shona Energy Company LLC, a position he has held since March 2005. He served as Chairman, President and Chief Executive Officer of Nuevo Energy Company from October 2001 until its merger with Plains Exploration in May of 2004. He was Vice Chairman of Devon Energy Corporation from September 2000 until his retirement in January 2001. Prior to its August 2000 merger with Devon Energy Corporation, Mr. Payne served as Chairman of the Board and Chief Executive Officer of Santa Fe Snyder Corporation. Prior to its May 1999 merger with Snyder Oil Corporation, Mr. Payne served as Chairman and CEO of Santa Fe Energy Resources. He joined Santa Fe Energy in 1982 as Senior Vice President, Exploration and Land, and was named President in 1986. Prior to Mr. Payne's career with Santa Fe, he spent 23 years with Chevron Oil in various domestic and international exploration and management positions. He also serves on the Board of Directors of BJ Services and Global Industries.
| Organization | Position | Status |
|---|---|---|
| Ryan Energy Technologies USA, Inc. | Chairman and Chief Executive Officer, Shona Energy Company, Llc. | Current |
| Drilling Technology | Chairman and Chief Executive Officer, Shona Energy Company, Llc. | Current |
| Shona Energy Company, Inc. | Chief Executive Officer | Current |
| Nabors Industries, Inc. | Chair | Current |
| Shona Energy Company, Inc. | Chairman of the Board of Directors | Current |
| BJ Services Company | Board of Directors | Current |
| Nabors Industries, Inc. | Board of Directors | Current |
| Aapg | Board of Directors | Current |
| Society of Exploration Geophysicists | Board of Directors | Current |
| Global Industries, Ltd. | Board of Directors | Current |
| Society of Exploration Geophysicists | Member | Current |
| Co-Production | Chief Executive Officer | Former |
| Co-Production | President | Former |
| The Land Company | Senior Vice President, Exploration | Former |
| Shona Energy Company, Inc. | Founder | Former |
| Co-Production | Chairman | Former |
| Ipaa | Board of Directors | Former |
| Devon Energy Corporation | Vice Chairman | Former |
| Domestic Petroleum Council | Board of Directors | Former |
| Drilling Technology | Board of Directors | Former |
| Palmer Drug Abuse Program | Board of Directors | Former |
| Golden State University | MBA | Former |
| Golden Gate University | M.B.A. | Former |
| Colorado School of Mines | Degree In Geophysical Engineering | Former |
Chairman of the Audit Committee of the Board since 1988, a member of the Compensation Committee of the Board since 1993 and a member of the Governance and Nominating Committee of the Board since 2002. He is Senior Counsel to the law firm Akin, Gump, Strauss, Hauer & Feld, L.L.P. From 1970 until April 2001 he held various positions in the law firm Sheinfeld, Maley & Kay P.C. Mr. Sheinfeld was an adjunct professor of law at the University of Texas, School of Law from 1975 to 1991, and is a contributing author to numerous legal and business publications, and a contributor, co-editor and co-author of Collier On Bankruptcy, and a co-author of Collier On Bankruptcy Tax for Lexis-Nexis and Matthew Bender & Co., Inc. He is former President, a present Director and a member of The Houston Chapter of National Association of Corporate Directors. He is Chair of the ABA Standing Committee on Specialization.
| Organization | Position | Status |
|---|---|---|
| Matthew Bender | Co-Author | Current |
| Matthew Bender | Co-Editor | Current |
| Akin Gump Strauss Hauer & Feld LLP | Current | |
| Nabors Industries, Inc. | Chairman | Current |
| National Bankruptcy Conference | Board of Directors | Current |
| Houston Chapter | Board of Directors | Current |
| Rancher Energy Corp. | Board of Directors | Current |
| The Editors | Board of Directors | Current |
| University of Texas School of Law | Adjunct Professor of Law | Former |
William has been with Citigroup Venture Capital since 1979. He joined Citicorp in 1973 and has been Executive Director of Citicorp International Bank, Ltd. in London and Head of Corporate Finance. He received his B.A. and L.L.B. at the University of Oklahoma and his L.L.M. at New York University. Mr. Comfort is also a Managing Partner & Chairman of the Investment Committee of Court Square Capital, director of I-Flex Solutions and Deutsche Annington (DAIG). He is a member of the Investment Committee for Citigroup Venture Capital International, Citigroup Property Investors Europe & Sterling Square Europe. He also serves on the boards of The John A. Hartford Foundation, NYU Law School Foundation, The Trump Palace and the University of Oklahoma Law School.
| Organization | Position | Status |
|---|---|---|
| I-Flex Solutions Inc | Managing Partner | Current |
| John A. Hartford Foundation | Trustee | Current |
| The Floor | Principal | Current |
| Nabors Industries, Inc. | Chairman | Current |
| Drilling Technology | Chairman | Current |
| Ryan Energy Technologies USA, Inc. | Chairman | Current |
| Lyris Technologies, Inc. | Chairman of the Board | Current |
| Lyris Hq | Chairman of The Board | Current |
| Kofax, Inc. | Board of Directors | Current |
| New York State Bar Association | Board of Directors | Current |
| I-Flex Solutions Inc | Board of Directors | Current |
| John A. Hartford Foundation | Board of Directors | Current |
| CVC Capital Partners Limited | Director of Numerous Public and Private Companies | Former |
| CVC Capital Partners Limited | Representative | Former |
| Columbia Business School | Adjunct Professor | Former |
| Lyris, Inc. | Chairman | Former |
| Nabors Industries, Inc. | Board of Directors | Former |
| New York University School of Law | Ll.M. | Former |
| The University of Oklahoma | B.A. | Former |
| New York University School of Law | B.A. | Former |
| Boston University | Bachelor of Science In Business Administration | Former |
Director Emeritus, Nabors Industries Ltd. Jack was elected to the Nabors Board of Directors in 1987 and has served as the Chairman of the Compensation Committee of the Board and as a member of the Executive and Audit Committees of the Board since 1987. He is an international business consultant and has acted as a consultant to exporting and petroleum service companies since 1983. Prior to 1983, Exxon Corporation and its affiliates employed Mr. Wexler, who served in senior staff and operating management positions in the United States and the Far East.
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Plains Exploration & Production Company | President | Current |
| Vulcan Energy Corporation | Director | Current |
| Nabors Industries, Inc. | Board of Directors | Current |
| Plains Exploration & Production Company | Chief Executive Officer | Former |
| Ocean Energy, Inc. | Chief Executive Officer | Former |
| Ocean Energy, Inc. | Co-Founder | Former |
| Ocean Energy, Inc. | Chairman | Former |
| Vulcan Energy Corporation | Chairman | Former |
| Plains Exploration & Production Company | Chairman | Former |
| Plains Exploration & Production Company | Director | Former |
| Ocean Energy, Inc. | Vice Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Secretary | Current |
| Wilfrid Laurier University | Bachelor of Business Administration Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Tejon Ranch Company | Chairman of The Board and Chief Executive Officer of Third | Current |
| Third Avenue Management LLC | Co-Chief Investment Officer | Current |
| Mj Whitman LLC | Founder | Current |
| Third Avenue Management LLC | Founder | Current |
| S-Board Ltd. | Lead Director | Current |
| Syracuse University | Adjunct Professor | Current |
| Value Investing Limited | Current | |
| Mj Whitman LLC | Chairman | Current |
| Ryan Energy Technologies USA, Inc. | Board of Directors | Current |
| The Institute for National Security Studies | Board of Trustees | Current |
| Nabors Industries, Inc. | Board of Directors | Current |
| Yale School of Management | Professor | Former |
| Tejon Ranch Company | Board of Directors | Former |
| Syracuse University | Graduate | Former |
| New School for Social Research | Masters degree in Economics | Former |
Marty was elected to the Nabors Board of Directors in 1991. He has served as a member of the Audit Committee of the Board since 1993. He has served as Chairman of M. J. Whitman, Inc., and its predecessors (a broker-dealer), since 1974 (as Chief Executive Officer until July 1999); Chief Executive Officer and a Director of Danielson Holding Corporation since 1990 (Chairman of the Board until July 1999); Chairman, Chief Executive Officer and Director of Third Avenue Trust and its predecessor and EQSF Advisers, Inc. (the adviser to Third Avenue Trust) since 1990; Director of Tejon Ranch Co. since 1997; and Director of Herman's Sporting Good's, Inc. from March 1993 to February 1996. Mr. Whitman is an Adjunct Lecturer, Adjunct Professor and Distinguished Fellow in Finance, Yale University School of Management from 1972 to 1984 and 1992 to present.
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Board of Directors | Current |
Mickey was elected to the Nabors Board of Directors in 1988. He has served as the Chairman of the Audit Committee of the Board since 1988 and as a member of the Compensation Committee since 1993. Mr. Sheinfeld is currently Counsel with the law firm of King & Spalding LLP. From 2001 until 2006 he was Senior Counsel to the law firm Akin, Gump, Strauss, Hauer & Feld, L.L.P. From 1970 until 2001 he held various positions in the law firm Sheinfeld, Maley & Kay P.C. Mr. Sheinfeld was an adjunct professor of law at the University of Texas, School of Law from 1975 to 1991 and is a contributing author to numerous legal and business publications, and a contributor, member of the Board of Editors, co-editor and co-author of Collier On Bankruptcy, and a co-author of Collier On Bankruptcy Tax for Lexis-Nexis and Matthew Bender & Co., Inc. He is former President, a present Director and a member of The Houston Chapter of National Association of Corporate Directors. He is a Former Chair of the ABA Standing Committee on Specialization and also a Former Chair of the Texas Board of Legal Specialization. Mr. Sheinfeld also serves on the board of Rancher Energy Corp.
| Organization | Position | Status |
|---|---|---|
| King & Spalding LLP | Counsel | Current |
| Houston Chapter | Board of Directors | Current |
| Drilling Technology | Board of Directors | Current |
| The Editors | Board of Directors | Current |
| Rancher Energy Corp. | Board of Directors | Current |
| Nabors Industries, Inc. | Board of Directors | Current |
| Ryan Energy Technologies USA, Inc. | Board of Directors | Current |
| University of Texas School of Law | Adjunct Professor of Law | Former |
| Anchor Glass Container Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| Nabors Industries, Inc. | Vice Chairman | Current |
Executive News
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Drab Results From a Driller? Whodathunkit?
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Nabors posts loss, sees drilling bottom
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Nabors Industries Reports on 2Q, 1H 2009 Financial Results
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Driller Nabors profit before charges drops sharply
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Nabors Industries Reports Net Loss In Q2 - Update
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Nabors Industries posts 2Q loss but tops estimates
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Nabors Swing To 2Q Loss On Lower Revenue, Segment Results
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UPDATE 2-Driller Nabors profit before charges drops sharply
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Nabors' Net Declines, Still Tops Street
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Nabors Industries loses $192.98-million in Q2 2009
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Nabors 2Q 2009 EPS Equals $0.32 Excluding Non-Cash Items
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In Fund-Fee Case, Emails May Hold Key
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Ian Lapey Appointed Co-Manager of Third Avenue Value Fund
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Nabors Expects 2Q2009 Results to Include Approximately $240 Million in Non-Cash Charges
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Nabors Expects 2Q2009 Results to Include Approximately $240 Million in Non-Cash Charges
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US rig count up as oil prices lure back drillers
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