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Providing coverage of Alaska and northern Canada's oil and gas industry
June 2009

Vol. 14, No. 25 Week of June 21, 2009

Oil Patch Bits: Nabors announces realignment

Nabors Industries Ltd. said June 11 that Larry P. Heidt will assume the role of chairman and CEO of Nabors Well Services Ltd. Heidt has been with Nabors more than 17 years, initially serving as president of Nabors’ U.S. Lower 48 land drilling operations, Nabors Drilling USA LP. Since 2004 he has served as special assistant to the chairman, working on numerous strategic projects for the corporation.

Nick Petronio, president of Nabors Well Services Ltd., will continue to be responsible for all operations and operational support services, as well as the marketing function, and will report directly to Heidt. In addition, Dan Ehlert, vice president of finance and administration, Frank Labrenz, vice president of personnel services, and Lauri McDonald, director of credit, all will report directly to Heidt.

The Nabors companies own and operate approximately 534 land drilling rigs and approximately 763 land workover and well-servicing rigs in North America.






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