Nabors' Affiliate Successfully Acquires Command Drilling

Nabors Industries, Inc. announced that Nabors' wholly owned subsidiary 19552 Yukon Inc.'s offer to acquire all of the common shares of Command Drilling Corporation dated September 26, 2001, as amended on October 29, 2001, for Cdn$3.40 cash per share was successful with 26,900,348 common shares (approximately 99% of the common shares outstanding, including common shares already owned by Yukon) having been tendered to its offer. Yukon has taken up those common shares that have been tendered to its offer and intends to pay for those common shares on November 13, 2001.

Yukon intends to acquire all of the remaining Command common shares which were not tendered to the offer pursuant to the compulsory acquisition provisions of the Business Corporations Act (Alberta) as soon as possible.