Business
Caturus Energy and Nabors Industries Deploy the Most Powerful Onshore Drilling Rig in the U.S.
Caturus Energy (or "the Company"), a natural gas-focused exploration and production company producing over 650 million cubic feet of net gas equivalent per day and over 200,000 Tier 1 net acres in South Texas, today announced a multi-year contract with Nabors Industries ("Nabors") for the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system currently in the United States. This marks a significant milestone in Caturus Energy's commitment to safely and efficiently ramping production, w
About this update from Nabors Industries Ltd.
[{"type":"text","content":"Innovative technology delivers more efficient, responsible and secure drilling performance; expected to set new industry benchmarks for excellence","length":191,"tagName":"p","attribs":{}},{"type":"text","content":"Enables complex well designs, including 4-mile laterals and 14,000+ vertical depths","length":83,"tagName":"p","attribs":{}},{"type":"text","content":"Furthers Caturus Energy's track record of highly technical drilling across high pressure, high-temperature subsurface environments","length":139,"tagName":"p","attribs":{}},{"type":"text","content":"HOUSTON, Sept. 25, 2025 /PRNewswire/ -- Caturus Energy (or "the Company"), a natural gas-focused exploration and production company producing over 650 million cubic feet of net gas equivalent per day and over 200,000 Tier 1 net acres in South Texas, today announced a multi-year contract with Nabors Industries ("Nabors") for the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system currently in the United States. This marks a significant milestone in Caturus Energy's commitment to safely and efficiently ramping production, with a goal to grow net production to 1 billion cubic feet of gas equivalent per day by 2029.","length":661,"tagName":"p"},{"type":"image","alt":"PACE-X Ultra™ rig","displaySize":"","headline":null,"caption":"PACE-X Ultra™ rig","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/0a076344678194a6df111b4e8a4542ec"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZRku8tBF3wU.VBRBCLgNyA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0a076344678194a6df111b4e8a4542ec","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2781714/Caturus_PACE_X_Ultra_rig.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Caturus Energy is recognized for its proven ability to drill long laterals and deep, high-pressure wells in technically complex subsurface environments, particularly within the prolific Eagle Ford and Austin Chalk formations of Texas. Earlier this year, as the Company continued scaling daily production, technical modeling had identified the need for ...