# Nabors Industries agrees to acquire Parker Wellbore in share deal

Nabors Industries has signed a definitive agreement to acquire all shares of Parker Wellbore in exchange for 4.8 million Nabors common shares, subject to a share price collar. Parker provides downhole tubular rentals and drilling services, including 17 drilling rigs.

- Type: Acquisition
- Announced: 2024-10-15
- Where: United States
- Status: announced
- Products: downhole tubular rentals, drilling rigs, casing and tubular running services

## Companies

- [Nabors Industries](https://endata.com/companies/1919.md) (acquirer)
- [Parker Wellbore](https://endata.com/companies/12375.md) (target)

## Sources

- [investor.nabors.com](https://investor.nabors.com/2024-10-15-Nabors-Industries-Announces-Agreement-to-Acquire-Parker-Wellbore), 2024-10-15: "Nabors will acquire all of Parker's issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.