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August 7, 1995
Mr. Jeffrey P. Riedler
Branch Chief
Branch 3, Mail Stop 3-10
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D. C. 20549
Re: Registration Statement of Nabors Industries, Inc.
Filed on Form S-3 (File Number 33-60193)
Dear Mr. Riedler:
Pursuant to Rule 477 under the Securities Act of 1933, as amended (the
"Securities Act"), Nabors Industries, Inc. (the "Company") hereby makes an
application for the Commission's consent to withdraw the above-referenced
Registration Statement covering the shares of the Company's Common Stock
issuable upon the exercise of a warrant issued to Mitchell Energy Corporation.
The Company is requesting such consent on the grounds that the Company and
Mitchell Energy Corporation have agreed that the Warrant will not be exercised
and, in exchange for a cash payment, the Warrant will be redeemed and
canceled. Accordingly, the shares which are the subject of the Registration
Statement will not be issued or sold.
The Company looks forward to the Commission's order evidencing its
consent to the withdrawal of the above-referenced Registration Statement. In
the meantime, if you have any questions, please do not hesitate to call collect
the undersigned at (713) 874-0035 or Howard M. Berkower of Baker & McKenzie,
the Company's counsel at (212) 891-3988.
Please acknowledge receipt of the enclosed by date stamping the
accompanying copy of this letter and returning it in the self-addressed stamped
envelope provided.
Very truly yours,
NABORS INDUSTRIES, INC.
/s/ ANTHONY G. PETRELLO
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Anthony G. Petrello
President and Chief Operating Officer
AGP:dh
Enclosures
