Caturus Energy announced a multi-year contract with Nabors Industries (NBR) for the PACE-X Ultra X33 rig, the most powerful onshore drilling system currently in the United States. This marks a significant milestone in Caturus Energy’s commitment to safely and efficiently ramping production, with a goal to grow net production to 1 billion cubic feet of gas equivalent per day by 2029.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NBR:
- Nabors Industries price target raised to $36 from $29 at Barclays
- Nabors Industries Acquires Parker Wellbore, Divests Quail Tools
- Nabors Industries Amends Credit Agreement for Equity Repurchase
- Nabors Industries Amends Receivables Purchase Agreements
- Nabors Industries Sells Quail Tools for $600 Million