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Press Release SOURCE: The Dillard Anderson Group Nabors Industries LTD Acquires Alexander Drilling, Inc. Thursday - July 28th, 2005 Max
M. Dillard, Managing Director of The Dillard Anderson Group ("DAG")
announced today the sale of Alexander Drilling, Inc. of Fort Smith,
Arkansas to Nabors Industries, LTD. (NYSE:NBR). DAG served as the
exclusive financial advisor to Alexander Drilling. Alexander provides
contract drilling services to exploration and production companies in
the Arkoma Basin.
The cash purchase price consisted of $32.4 million for the
drilling assets and the Pacola, Oklahoma headquarters facility.
Sam
Anderson, Managing Director, commented "We were pleased to assist
the Alexander family in achieving their financial goals.
We were also pleased that Mr. Rick Alexander accepted a position
with Nabors to oversee Nabors' 27 rig fleet in this division".
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