Nabors Industries' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Nabors Industries (NBR)

Q1 2012 Earnings Call

April 25, 2012 11:00 am ET


Dennis A. Smith - Director of Corporate Development for Nabors Corporate Services Inc

Anthony G. Petrello - Deputy Chairman, Chief Executive Officer, President, Member of Executive Committee and Member of Technical & Safety Committee

Joe M. Hudson - President

David Wallace -


James D. Crandell - Dahlman Rose & Company, LLC, Research Division

James M. Rollyson - Raymond James & Associates, Inc., Research Division

Jeff Tillery - Tudor, Pickering, Holt & Co. Securities, Inc., Research Division

Kurt Hallead - RBC Capital Markets, LLC, Research Division

John M. Daniel - Simmons & Company International, Research Division



Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Nabors Industries First Quarter 2012 Earnings Conference Call. [Operator Instructions] This conference is being recorded today, Wednesday, April 25, 2012. I would now like to turn the conference over to Mr. Dennis Smith. Please go ahead, sir.

Dennis A. Smith

Good morning, everyone, and I also want to thank you for joining our first quarter 2012 earnings conference call this morning. Our format today is customarily we do will be to have Tony Petrello, our President and Chief Executive Officer, provide with you with our perspective on the quarter's results and give you some insight into how we see our business and markets evolving. Following Tony's prepared remarks, we will open up for a question-and-answer for the balance of 1 hour and then limit the call to 1 hour. In support of these remarks, we posted some slides through our website, which you can access to follow along if you desire. These are accessible in 2 ways. If you're participating via the webcast over the Internet, they are downloadable right from that particular webcast website. Alternately, if you are on the telephone and -- you can access them from our website,, under the Investor Relations menu, under that, the submenu Events Calendar and you scroll down a little bit and they're right there in PDF format for you to download.

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