Tony Petrello Leads Nabor Industries’ Rise Through Focus On Technology

Tony Petrello is perhaps the most talented CEO in the United States today. With a Juris Doctor in law from Harvard and a master’s degree in mathematics from Yale, there are few who can touch his level of credentials.

Petrello has proven himself as a CEO by leading his company to become the largest land-based drilling operator in the world.

His time at Nabors Industries started in early 1991. The company had entered a period of extreme difficulty, nearly becoming completely and solvent and entering into chapter 11 bankruptcy. During this time, its board of directors was looking for a permanent CEO who had vision, leadership and expertise within the oil services sector. Petrello happened to be working as a lawyer on a case related to the company’s bankruptcy proceedings. Somebody noticed that he appeared to be a perfect fit for a potential new CEO. After a brief vetting process, he was hired by the board of directors.

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Under Petrello’s leadership, Nabors Industries quickly begin a spectacular turnaround. Petrello made a conscious decision early on to focus on developing new technologies that would help in the extraction of oil resources from difficult to reach location such as shale deposits, deep water wellheads and tar sands. This proved to be a fortuitous strategy, leading to the company’s explosion as the premier go-to provider of drilling equipment for North American shale deposits and Canadian tar sands.

Anthony Petrello oversaw the rise in Nabors Industries stock price by more than 100 times.

Learn more about Tony Petrello: http://www.thedailybeast.com/articles/2014/05/30/my-college-roommate-is-now-the-richest-ceo-in-america.html.

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