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Last $14.45 USD
Change Today -0.30 / -2.03%
Volume 5.2M
NBR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Crown House

Second Floor

4 Par-la-Ville Road

Hamilton, HM 08

Bermuda

Phone: 441-292-1510

Fax: 441-292-1334

ell-servicing, and fluids management. This business line consists of two operating segments, Completion Services and Production Services. Completion Services This segment provides a range of wellsite solutions to oil and natural gas companies, consisting primarily of technical pumping services, including hydraulic fracturing, a process sometimes used in the completion of oil and gas wells whereby water, sand and chemicals are injected under pressure into subsurface formations to stimulate gas and oil production, and down-hole surveying services. The completion process might involve selectively perforating the well casing at the depth of discrete producing zones, stimulating and testing these zones and installing down-hole equipment. Production Services This segment operated a fleet of 543 land workover and well-servicing rigs in the U.S. and Canada as of December 31, 2014, which are utilized to perform well maintenance and workover services during the production phase of an oil or natural gas well. Well maintenance services are performed on a call-out basis and could be completed within 48 hours. The services include the repair and replacement of pumps, sucker rods, tubing, and other mechanical apparatuses at the wellsite that are used to pump or lift hydrocarbons from producing wells. The company also utilizes its well service rigs to perform plugging services for wells in which the oil and natural gas has been depleted or further production has become uneconomical. Workover services could be utilized to remedy failures, modify well depth and formation penetration to capture hydrocarbons from alternative formations, clean out and recomplete a well when production has declined, repair leaks, or convert a depleted well to an injection well for secondary or enhanced recovery projects. Workovers are carried out with a rig that includes standard drilling accessories, such as rotary drilling equipment, pumps and tanks for drilling fluids, blowout preventers, and other specialized equipment for servicing rigs. The company also provides equipment, including fluid service trucks, frac tanks and salt water disposal wells, to supply, store, remove and dispose of specialized fluids utilized in the completion and workover operations used in daily operations for producing wells. Other technical services include completion, production, and rental tool services. Additionally, the company provides fluid logistics services, including those related to the transportation, storage and disposal of fluids that are used in the drilling, development and production of hydrocarbons. Customers The company’s customers include major, national and independent oil and gas companies. Acquisitions In 2014, the company purchased the outstanding shares of 2TD Drilling AS, a drilling technology company. Business Strategy The company’s business strategy is to build shareholder value and improve its competitive position by leveraging its existing global infrastructure and operating reputation to capitalize on growth opportunities; achieving superior operational and health, safety and environmental performance; continuing to develop its existing portfolio of value-added services to its customers; and improving its technology position and advancing drilling technology both on the rig and downhole. Seasonality The company’s operations are subject to seasonal factors. Primarily, the company’s drilling and workover operations in Canada and Alaska experience reduced levels of activity and financial results during the second quarter of each year (year ending December 2014), due to the annual spring thaw. Competition In the company’s drilling services business, it competes with Helmerich & Payne, Inc. and Patterson-UTI Energy, Inc., as well as various other competitors with national, regional or local rig operations in the United States; Saipem S.p.A, KCA Deutag, and Weatherford International Ltd. and others in its international markets; and Precision Drilling, Ensign Energy Services, and others in Canada. In the company’s completion and production services business, it competes with completion services providers in

 

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NBR Competitors

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Company Last Change
Diamond Offshore Drilling Inc $30.09 USD -0.25
FMC Technologies Inc $41.66 USD -0.13
Helmerich & Payne Inc $72.01 USD -0.98
Oceaneering International Inc $51.02 USD +0.22
Superior Energy Services Inc $23.01 USD -0.08
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Industry Analysis

NBR

Industry Average

Valuation NBR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 0.9x
Price/Cash Flow 8.9x
TEV/Sales 0.1x
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