Who owns superior well services

Start your job search. Company: Superior Well Services Inc. Most Popular Articles. Nabors and Superior Well Services, Inc. Superior Well Services announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services.

Gene Isenberg, Nabors' Chairman and CEO, commented: "For some time now, we have evaluated integrating more service offerings into our business, particularly internationally. Although we expect this acquisition by itself to be significantly accretive to results, our major motivator was the opportunity to leverage this well respected franchise into a global force utilizing our extensive international footprint and resources. Ever since the BP BP.

N oil spill, which has hammered the shares of offshore firms, companies which have solely onshore operations have risen, with Superior Well's stock jumping more than 36 percent in the last three months. The Marcellus shale is one of the top unconventional gas producing regions in the continental United States, attracting players as diverse as international oil and gas giants, like India's Reliance Industries RELI.

Nabors intends to complete the acquisition of Superior Well Services through a "short-form merger," that is, without a vote or meeting of Superior Well Services' remaining stockholders. The merger is expected to occur on or about September 10, Since our original announcement regarding the merger agreement, we have received favorable feedback from numerous key customers.