Under Tony Petrello, Nabors Industries goes international

The famed investor Warren Buffett always talks about how he prefers companies that have a kind of moat protecting their market share. By this, he means that great companies often have barriers to entry that are so insurmountable that even somebody with a billion dollars could not penetrate their market. Most companies, even ones with fairly large barriers to entry, simply do not have this type of protective barrier to a newcomer breaching their market strongholds.

However, one of the few industries in which this such a moat currently exists is in the oil extraction business. Due to the extremely unique nature and intense costs of the capital equipment involved in extracting oil from even the most simple plays, it becomes necessary for any entrants to the market to have vast sums of capital, expertise and talent at their disposal to have any chance at becoming a viable competitor is such a tough market.

Nabors Industries is one of the companies that have been there from the beginning. Under the leadership of CEO, Tony Petrello, Nabors Industries has fortified its own competitive edge, developing many different proprietary technologies that simply are not available from any other supplier or manufacturer. One example of such technology is the OrientXPress steerable directional drilling system, a directional drilling system that is capable of simultaneously drilling up to 20 sites, with a mostly automated process that requires hardly any intervention from operations staff. In fact, the drilling system has proven to be so effective that it is now the single most widely used system for all North American oil plays. These include the Bakken Shale of North Dakota, where Nabors Industries has sold hundreds of millions of dollars of equipment and allowed operators to make billions of dollars in profits in the following: http://fuelfix.com/blog/tag/anthony-petrello/ click here.

It is through these types of visionary innovations that the company’s CEO, Tony Petrello, has gotten his reputation for sagacious and timely maneuvering.

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