Nabors Industries has become the single largest operator of land drilling assets in the United States today. But it wasn’t always that way. Nabors Industries went through an era of stagnation that lasted throughout the entire decades of the ‘70s and ‘80s. It was not until new management was brought in, after the company had gone through a chapter 11 bankruptcy and nearly lost everything, that the company began to turn its fortunes around.
No one was more instrumental in the turnaround then Tony Petrello, the company’s CEO, who has been on board with Nabors Industries in one executive role or another since 1991. Under Petrello’s strategic leadership, a new vision was formulated and implemented. Petrello saw the enormous potential in the vast reserves of North American shale oil. But until that time, the oil contain within these reserves, such as the Bakken Shale formation of North Dakota, was viewed as being too difficult to extract and not economically viable.
Petrello set out to change that. He began pouring resources into researching and developing the most high-tech and cutting-edge directional drilling equipment that the world has ever seen. Many at the time thought that this was a risky bet. They did not understand the enormous potential that lay just beneath the ground throughout much of North America and Northern Canada in the form of hard oil deposits.
But the plan paid off handsomely. By the mid 2000s, Nabors Industries was the go-to provider for all directional drilling equipment within the United States. This led them to become the premier provider of the technology that was required to extract the shale deposits in a way that made economic sense. With a near-monopoly on directional drilling equipment being provided to the North American drilling operations at land-based sites, Nabors Industries was generating more revenue and more business than it had ever seen in its entire history.
As we age and begin to enter our middle aged and later years, we begin to become more and more of the reality of our mortality. It is only natural that we start to take a larger look at our health, our bodies, and our retirement plans. While many people may pay little to no attention to their future plans, it is truly important to begin planning or you retirement and establish healthy living plans as early as you possibly can. Especially, if you can start doing so even before you reach your middle ages.
The Midas Legacy is one of many companies that is excited to offer services in which they work with their clients to help them achieve their lifetime health and retirement goals. On their website, the Midas Company describes their clients as being wealth management advisors and entrepreneurs that are looking to grow and expand upon their personal money maps. Rather than focusing on just one or two elements of an individuals’ financial scope, The Midas Legacy believes in taking a more holistic and comprehensive approach to address their clients wealth, financial planning, health and overall happiness. This is a quality that is rarely seen amongst many competitors and one that makes them stand out among the rest.
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Their approach to assisting entrepreneurs in their various endeavors is particularly unique and interesting. According to the Midas website :”The Midas Legacy wants to help them with their business decisions as well as financial decisions so that they can not only run a successful business, but create more jobs for others so that they can help others improve their own lives. They work with a multitude of people. They are very helpful to people who think outside the box in order to achieve success. The Midas Legacy helps people build their own lives. The Midas Legacy stands out among other institutions in that they pay attention to the other aspects of life that are often ignored by many other institutions”. I think that it would be wise for any entrepreneur that is either starting out, or becoming established, to further explore a working relationship with the Midas Legacy. Many of them fail to actively pursue a healthy retirement plan and I think if the became educated on what Midas has to offer, in terms of value, they would be eager to bring them on as part of their team.
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