Anthony (Tony) Petrello leads the way in his industry’s competitive environment by having been Deputy Chairman since 2003, Chief Executive Officer and President since October 2011, and Chairman of the Board as well as Chairman of the Executive Committee of the Board since June of 2012. His direction and strategic planning initiatives have been a tremendous help in enabling the company to be a global infrastructure of facilities and services unmatched in the industry.
Today, Nabors Industries is one of the world’s largest oil and gas drilling contractors. With operations in over 20 countries, Nabors Industries is the owner and operator of the largest land-based drilling rig fleet in the world and is one of the leading providers of drilling rigs and offshore platform work-over.
Nabors also offers innovative drilling technology, advanced drilling automation, directional drilling operations, a highly-skilled and multi-talented workforce, and more. Through various subsidiaries, Nabors also manufactures and sells drilling related equipment to be installed on offshore and onshore rigs.
Nabors’ stock price went from under 50 cents to over $50 before splitting. Enterprise value went from $100 million up to $17 billion; and the employee workforce went from 320 to over 29,000.
In 2010, Nabors added Superior Well Services, its largest acquisition to date, which added pressure pumping, which is essential for developing gas and oil shales. In 2015, Nabors combined with C&J Energy Services to grow and improve its position in the global drilling market while also creating a diversified North American oilfield services company having a strong international growth potential.
Petrello earned a J.D. degree at Harvard Law School and previous B.S. and M.S. degrees in Mathematics at Yale University.
As a philanthropist, Petrello is a member of the Texas Children’s Hospital’s Board of Trustees and is an advocate for clinical programs and research that address the needs of children with neurological disorders.