Chesapeake Energy Corporation selects Nabors Industries as preferred drilling contractor



THE CITY OF OKLAHOMA and HAMILTON from Bermuda, 28 October 2021 / PRNewswire / – Chesapeake Energy Corporation (NASDAQ: CHK) and Nabors Industries Ltd. (NYSE: NBR) announced today that they will enter into a contractual agreement, making Nabors Chesapeake’s new preferred drilling contractor for its unconventional oil and natural gas business. active in United States.

Both companies have made significant contributions to advancing the digital maturity of the industry, well planning, drilling automation, remote operations, performance monitoring, analysis of data and reporting. Today, Chesapeake and Nabors are teaming up to further improve drilling performance and forge the next generation of technology today.

King Lam, Chesapeake Vice President of Drilling, said, “Operating safely, efficiently and responsibly is at the heart of Chesapeake’s commitment to leading a responsible energy future, and we look forward to partnering with Nabors to bring further enhancements to our drilling program. ”

Anthony G. Petrello, Chairman of the Board, CEO and Chairman of Nabors, said: “We aim to innovate in the future of energy and it is through relationships and collaborations that we will achieve our ambition. We are excited to be working alongside Chesapeake to achieve their technology goals. We will continue to push the boundaries and develop new solutions that reinforce real-time decisions aimed at improving the safety, efficiency and environmental footprint of our customers. “

About Chesapeake

Based at Oklahoma City, the operations of Chesapeake Energy Corporation (NASDAQ: CHK) focus on the discovery and development of its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in United States.

Investor contact:

Brad Sylvestre, CFA
(405) 935-8870
[email protected]

Media contact:

Gordon Pennoyer
(405) 935-8878
[email protected]

About Nabors Industries

Nabors Industries is one of the leading providers of advanced technologies 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 provide safe, efficient and sustainable energy production. By leveraging its core competencies, particularly in the areas of drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and to enable the transition to a low-carbon world. Learn more about Nabors and its 100-year history of energy technology leadership.

Investor contacts:

William C. Conroy
+1 281-775-2423
[email protected]

Kara Peak
+1 281-775-4954
[email protected]

Media contact:

Brian brooks
+1 281-775-4370
[email protected]

SOURCE Nabors Industries Ltd.

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