Tony Petrello leads Nabors Industries from insolvency to success

Nabors Industries is one of America’s leading oil drilling companies. It’s made a name for itself as a premier provider of drilling equipment and services throughout North America’s booming shale oil deposits. Under the leadership of Tony Petrello, the company has gone from near total insolvency to become one of the most important land-based drilling firms in the entire world. It has also developed a wide product line of highly innovative technologies that are both crucial to land-based drilling projects and exclusively available through Nabors Industries.

The company started out as a firm run by roughnecks for roughnecks. In the late ‘50s, Nabors Industries was founded as a drilling conglomerate dedicated to the exploitation of the then newly discovered Prudhoe Bay oil field on Alaska’s North Slope. This would turn out to be one of the richest oil discoveries in North American history, leading the state of Alaska to become one of the most profitable centers of oil production anywhere in the world, through the 1980s. This didn’t just represent a huge windfall for Nabors Industries. Alaska’s residence benefited enormously from this gigantic oil discovery. Many of the Inuit and other natives of the state, who had been living in grinding poverty, unable to get work in the largely barren landscape of Alaska, were able to now enjoy a high standard of living, thanks to the revenues generated from the Prudhoe Bay oil field.

Nabors Industries continued to expand throughout the ‘60s and ‘70s. But by the late 1980s, the company had been mismanaged and had fallen on severely hard times. In 1988, the company entered into chapter 11 bankruptcy proceedings. Its future was uncertain.

Under new owners, the top management of Nabors Industries was looking desperately for the right person to lead the company out of bankruptcy and back to profitability. They came across a young mergers and acquisitions attorney named Tony Petrello. The rest is history.

 

Stephen Murray is Changing the Face of Investing

Investing has always been a wonderful option for those who wish to make a lot of money from what they already have. If you are new to investment options, it helps to work with a knowledgeable firm that does this type of work. Such a company is known as CCMP Capital and they are a private equity investment firm that specializes in all types of different investment options, making it quick and easy to choose the one that is right for you. For a lot of people, it pays to know that there is an option available to you.

When you begin to look into the CCMP Capital firm, you will notice that its president is Steve Murray. Stephen Murray has worked with the CCMP Capital for a good portion of his career and continues to be a huge asset to the company and its future. In fact, his knowledge of investing is second to none to other people in the same field. This is why it is a good idea for you to consider using the CCMP Capital and Steve Murray as an option when you are looking to invest your hard-earned money into something worthwhile. Fortune.com reported on his death at 52.

For a lot of people, choosing the CCMP Capital is an easy choice and option that benefits many different people. This is why you might want to consider it as an option for yourself. Investing can be risky without the proper type of help that you might need. When working with CCMP Capital, you can get that much-needed assistance and know that what you are dealing with is beneficial to just about anyone involved. There are a lot of reasons to think about working with the CCMP Capital, but the main reason is because they are geared to helping people just like you and can do a wonderful job at obtaining the results that you are looking to achieve.

Once you decide that it is time to work with the pros when it concerns equity investing, you have to look no further than CCMP Capital. This company has been around for quite awhile and can help just about anyone with their investment options. Because of the different benefits that come with working with CCMP Capital, a lot of investment professionals, business owners and individuals alike are all using the company to their advantage. Make sure that you look into working with the company if this has been something you are considering doing for yourself and would like to get into it once you know that it is going to benefit you in more ways than just one. CCMP Capital is a company that you can trust and work with throughout the many years ahead.