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 Isenberg
Number of Employees 26,912
Contact Information

515 W Greens Rd Ste 1200

Houston, Texas 77067-4536

nabors.com

(281) 874-0035

NAICS Code Drilling Oil and Gas Wells: 213111

Recent Events

  • Options Spotlight: Nabors Industries Limited

    10/30/09 - Financial Announcement - View Story

  • More Than a Bit Negative on Land Drillers

    10/21/09 - Bond / Stock Rating - View Story

  • BRIEF-RESEARCH ALERT-BMO starts U.S. oil services sector

    10/15/09 - Bond / Stock Rating - View Story

  • SanDisk, SLM, US Bancorp, Yahoo Up

    10/23/09 - Financial Announcement - View Story

  • Best Drillers May Be in Deepwater

    8/19/09 - Bond / Stock Rating - View Story

  • Nabors 2Q 2009 EPS Equals $0.32 Excluding Non-Cash Items

    7/25/09 - Financial Announcement - View Story

  • Nabors to release Q2 results on July 21

    6/19/09 - Financial Announcement - View Story

  • Nabors Industries Names Larry Heidt Chairman, CEO Nabors Well Services Ltd. - Update

    6/11/09 - Board Member - Entering - View Story

News & Analysis

nabors industries inc. - All News and Analysis

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

  • Drab Results From a Driller? Whodathunkit?

    Motley Fool - 7/23/09 - View Story

  • Nabors posts loss, sees drilling bottom

    Marketwatch - 7/22/09 - View Story

  • Nabors Industries Reports on 2Q, 1H 2009 Financial Results

    Rigzone - 7/22/09 - View Story

  • Driller Nabors profit before charges drops sharply

    Forbes.com - 7/21/09 - View Story

  • Nabors Industries Reports Net Loss In Q2 - Update

    TradingMarkets - 7/21/09 - View Story

  • Nabors Industries posts 2Q loss but tops estimates

    CNBC - 7/21/09 - View Story

  • Nabors Swing To 2Q Loss On Lower Revenue, Segment Results

    Morningstar.com - 7/21/09 - View Story

  • UPDATE 2-Driller Nabors profit before charges drops sharply

    Reuters - 7/21/09 - View Story

  • Nabors' Net Declines, Still Tops Street

    TheStreet.com - 7/21/09 - View Story

  • Nabors Industries loses $192.98-million in Q2 2009

    Stockwatch - 7/21/09 - View Story

  • Nabors 2Q 2009 EPS Equals $0.32 Excluding Non-Cash Items

    Stockwatch - 7/21/09 - View Story

  • In Fund-Fee Case, Emails May Hold Key

    The Wall Street Journal Interactive Edition - 7/17/09 - View Story

  • Ian Lapey Appointed Co-Manager of Third Avenue Value Fund

    PR Newswire - 7/16/09 - View Story

  • Nabors Expects 2Q2009 Results to Include Approximately $240 Million in Non-Cash Charges

    Reuters - 7/13/09 - View Story

  • Nabors Expects 2Q2009 Results to Include Approximately $240 Million in Non-Cash Charges

    PR Newswire - 7/13/09 - View Story

  • US rig count up as oil prices lure back drillers

    Reuters - 6/26/09 - View Story

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     NBR $21.99 -0.24 (-1.08% )
Average Volume 5,754,010
Shares Outstanding 299.08M
Market Cap 6.6B
Year High 24.07
Year Low 8.25
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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