Nabors Industries Secures Multi-Year Contract with Caturus Energy for Deployment of PACE-X Ultra X33 Drilling Rig

Reuters

09/29

Nabors Industries Secures Multi-Year Contract with Caturus Energy for Deployment of PACE-X Ultra X33 Drilling Rig

Nabors Industries Ltd. has announced a multi-year contract with Caturus Energy for the deployment of the PACE-X Ultra™ X33 rig, described as the most powerful onshore drilling system currently in the United States. The collaboration is aimed at supporting Caturus Energy's goal to increase its net gas equivalent production to 1 billion cubic feet per day by 2029. The PACE-X Ultra™ X33 rig features a one million-pound mast rating, a racking capacity of up to 35,000 feet, and three 2,000-horsepower mud pumps capable of 10,000 psi mud pressure. The rig also incorporates Cat® Dynamic Gas Blending (DGB) technology, allowing the substitution of natural gas for diesel to enhance fuel efficiency and reduce emissions. Both companies state that the deployment is intended to improve operational safety, efficiency, and environmental responsibility in onshore drilling operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nabors Industries Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: EN85124) on September 29, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nabors Industries Ltd. published the original content used to generate this news brief via PR Newswire (Ref. 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