OKLAHOMA CITY and HAMILTON, Bermuda, Oct.
28, 2021 /PRNewswire/ -- Chesapeake Energy Corporation
(NASDAQ:CHK) and Nabors Industries Ltd. (NYSE: NBR) today announced
they will enter into a contractual agreement, establishing Nabors
as the new preferred drilling contractor for Chesapeake across its
unconventional oil and natural gas assets in the United States.
Both companies have contributed significantly to advancing the
industry's digital maturity, well planning, drilling automation,
remote operations, performance monitoring and data analysis and
reporting. Now Chesapeake and Nabors are teaming up to further
enhance drilling performance and to forge the next generation of
technologies today.
Roi Lam, Chesapeake's Vice President – Drilling, said,
"Operating safely, efficiently, and responsibly is core to
Chesapeake's commitment to leading a responsible energy future, and
we look forward to partnering with Nabors to drive further
improvements across our drilling program."
Anthony G. Petrello, Nabors
Chairman, CEO and President, said, "We aim to innovate the future
of energy and it is through relationships and collaborations that
we will achieve our ambition. We are excited to work alongside
Chesapeake to achieve their technology goals. We will continue to
push the envelope and develop new solutions that further empower
real-time decisions aimed at improving safety, efficiency and our
customers' environmental footprint."
About Chesapeake
Headquartered in Oklahoma City,
Chesapeake Energy Corporation's (NASDAQ: CHK) operations are
focused on discovering and developing its large and geographically
diverse resource base of unconventional oil and natural gas assets
onshore in the United States.
Investor Contact:
Brad Sylvester, CFA
(405) 935-8870
ir@chk.com
Media Contact:
Gordon Pennoyer
(405) 935-8878
media@chk.com
About Nabors Industries
Nabors Industries is a leading provider of advanced technology
for the energy industry. With operations in approximately 20
countries, Nabors has established a global network of people,
technology and equipment to deploy solutions that deliver safe,
efficient and sustainable energy production. By leveraging its core
competencies, particularly in drilling, engineering, automation,
data science and manufacturing, Nabors aims to innovate the future
of energy and enable the transition to a lower carbon world. Learn
more about Nabors and its 100-year history of energy technology
leadership.
Investor Contacts:
William C. Conroy
+1 281-775-2423
william.conroy@nabors.com
Kara Peak
+1 281-775-4954
kara.peak@nabors.com
Media Contact:
Brian Brooks
+1 281-775-4370
brian.brooks@nabors.com
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SOURCE Nabors Industries Ltd.