HAMILTON, Bermuda, March 11, 2016 /PRNewswire/ -- Following today's
announcement of the tragic and sudden loss of C&J Energy
Services Ltd. ("C&J") (NYSE: CJES) Founder, Chairman &
Chief Executive Officer Josh
Comstock, Nabors Industries Ltd. ("Nabors") (NYSE: NBR)
expresses its deepest condolences to the Comstock family and to the
employees of C&J.
In 1997, Comstock founded C&J as a small pressure pumping
business in south Texas. Under
Comstock's entrepreneurial leadership, C&J has since grown to
become one of the leading completion and production services
companies in the oilfield services industry. Comstock led C&J
in its 2015 merger with Nabors' completion & production
services business, a transaction which more than doubled the size
of C&J at that time.
Nabors' Chairman, President and CEO Anthony G. Petrello commented, "Josh was a
business partner and a friend. Over the past 20 years, his inspired
leadership helped C&J grow from a small, start-up company to
one of the preeminent players in our industry. Josh was proud of
the company he built through an aggressive growth strategy, and
rightfully so. He had a personal magnetism and presence that made
him larger than life. His pride and passion for C&J was
infectious and engendered respect, deep loyalty and commitment from
his colleagues. Josh built a strong management team. We have great
confidence in their ability to realize considerable value from
C&J's leading position in the completions and production
industry. We are deeply saddened by today's news and extend our
deepest thoughts and condolences to Josh's wife and family, as well
as to all C&J employees. He will be missed."
About Nabors Industries
Nabors Industries Ltd. (NYSE: NBR) owns and operates the world's
largest land-based drilling rig fleet and is a leading provider of
offshore drilling rigs in the United
States and multiple international markets. Nabors also
provides directional drilling services, performance tools and
innovative technologies throughout the world's most significant oil
and gas markets. Leveraging our advanced drilling automation
capabilities, Nabors' highly skilled workforce continues to set new
standards for operational excellence and transform our
industry.
The information above includes forward-looking statements within
the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934. Such forward-looking statements are subject
to certain risks and uncertainties, as disclosed by Nabors from
time to time in its filings with the Securities and Exchange
Commission. As a result of these factors, Nabors' actual results
may differ materially from those indicated or implied by such
forward-looking statements. The forward-looking statements
contained in this press release reflect management's estimates and
beliefs as of the date of this press release. Nabors does not
undertake to update these forward-looking statements.
Media & Investor Contacts:
Dennis A. Smith, Director of Corporate
Development & Investor Relations, at +1 281-775-8038.
To request investor materials, contact Nabors' corporate
headquarters in Hamilton, Bermuda
at +1 441-292-1510 or via email at mark.andrews@nabors.com.
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SOURCE Nabors Industries Ltd.