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Filed pursuant to Rule 424(b)(3) and (c)
Registration No. 333-20501
PROSPECTUS SUPPLEMENT
(To Prospectus dated February 28, 1997)
NABORS INDUSTRIES, INC.
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS DECEMBER 11, 1997.
This Prospectus Supplement supplements the Prospectus, dated February 28,
1997 (the "Prospectus"), of Nabors Industries, Inc. (the "Company") relating to
4,120,398 shares of Common Stock, $.10 par value per share (the "Common Stock"),
that may be distributed, sold or otherwise transferred from time to time by and
for the account of the selling stockholders named therein (the "Selling
Stockholders"), including their permitted transferees, pledgees, donees and
other permitted successors in interest. This Prospectus Supplement should be
read in conjunction with the Prospectus and is qualified by reference to the
Prospectus except to the extent that the information contained herein supersedes
the information contained in the Prospectus. Capitalized terms used in this
Prospectus Supplement and not otherwise defined herein have the meanings
specified in the Prospectus. This Prospectus Supplement supersedes the
Prospectus Supplements dated April 17, 1997 and May 14, 1997.
This Prospectus Supplement provides supplemental information to the section
of the Prospectus entitled "Selling Stockholders." Certain of the stockholders
of ADCOR have transferred certain of the shares of Common Stock of the Company
received by them in the Merger and such transferees desire to offer such shares
of Common Stock for resale pursuant to the Prospectus. Accordingly, the list of
Selling Stockholders has been revised as set forth in this Prospectus
Supplement. None of the Selling Stockholders has, or during the past three years
had, any position, office or other material relationship with the Company.
The following table sets forth the name of each Selling Stockholder, the
number of shares of Common Stock which each Selling Stockholder owned prior to
the offering to which the Prospectus and this Prospectus Supplement relate, the
number of shares of Common Stock which may be offered for resale by each Selling
Stockholder and the percent of outstanding shares of Common Stock each Selling
Stockholder owned prior to the offering to which the Prospectus and this
Prospectus Supplement relate.
<TABLE>
<CAPTION>
PERCENT OF
OUTSTANDING
NUMBER OF SHARES
NUMBER OF SHARES PRIOR
SHARES OFFERED TO THIS
SELLING STOCKHOLDER OWNED HEREBY OFFERING(1)
------------------- --------- --------- -----------
<S> <C> <C> <C>
Occidental Oil and Gas Corporation..................... 266,223 266,223 *
John Hancock Mutual Life Insurance Company............. 1,500,000(2) 500,000(2) 1.5%
Conseil A/S............................................ 35,000 35,000 *
Scantank Rederi AS..................................... 111,487 111,487 *
Johs Hansen's Rederi A/S............................... 140,627 140,627 *
Pescara AS............................................. 19,570 19,570 *
Bari AS................................................ 19,570 19,570 *
Pagano AS.............................................. 19,453 19,453 *
Four Seasons Venture A/S............................... 175,784 175,784 *
Risom Bruk AB.......................................... 117,189 117,189 *
JEM Foundation......................................... 27,000 27,000 *
Jack S. Blanton, Jr. .................................. 222,416(3) 222,416(3) *
Jack S. Blanton III.................................... 3,164(4) 3,164(4) *
Mary Catherine Blanton................................. 3,164(4) 3,164(4) *
Elizabeth W. Blanton................................... 3,164(4) 3,164(4) *
James M. Nicklos....................................... 80,254 80,254 *
</TABLE>
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<TABLE>
<S> <C> <C> <C>
Genergy, Ltd......................................................... 5,625 5,625 *
Eddy Refining Company................................................ 45,821 45,821 *
Swank & Company...................................................... 40,078 40,078 *
Lisa Judson.......................................................... 10,718 10,718 *
Jan Ankarcrona....................................................... 10,718 10,718 *
C.W. Hinze........................................................... 6,650 6,650 *
Sam McCaskill........................................................ 4,694 4,694 *
Charles A. Hinton, Jr................................................ 7,843 7,843 *
ADCOR Partners, L.P.................................................. 363,098 363,098 *
Sundial International Fund Limited................................... 91,084 91,084 *
Grandmony Holdings Inc............................................... 40,595 40,595 *
Gruss Partners....................................................... 84,067 84,067 *
Hillman/Chesapeake Limited Partnership............................... 71,715 71,715 *
L.E. Simmons......................................................... 34,559 34,559 *
David C. Baldwin..................................................... 700 700 *
Anthony F. DeLuca.................................................... 525 525 *
Simmons & Company International...................................... 37,545 7,545 *
L.E. Simmons & Associates, Incorporated.............................. 441 441 *
SCF Partners, L.P.................................................... 8,810 8,810 *
Meridien Holdings Ltd................................................ 644,551 644,551 *
Pahlson-Moller Nominees Limited...................................... 295,316 295,316 *
Polux Investment Corporation......................................... 263,676 263,676 *
Avail Limited........................................................ 105,470 105,470 *
Stiftelsen Thomas Fearnley, Heddy og Nils Astrup
(Thomas Fearnley Foundation)....................................... 105,470 105,470 *
Astrup Fearnley A/S.................................................. 105,470 105,470 *
Atlantic Corporate Management Ltd.................................... 10,547 10,547 *
Ship Holding Resources Corp.......................................... 10,547 10,547 *
</TABLE>
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* Less than 1% of the outstanding Common Stock.
(1) Based on 100,835,531 shares of Common Stock outstanding on November 30,
1997.
(2) An indirect, wholly-owned investment advisory subsidiary of John Hancock,
John Hancock Advisers, Inc., held 186,000 shares of the Common Stock in
various open-end mutual funds and pension accounts as of January 31, 1997,
which are not included in the 1,500,000 shares noted above.
(3) Excludes 3,164 shares owned by each of Jack S. Blanton III, Mary Catherine
Blanton and Elizabeth W. Blanton for which Jack S. Blanton, Jr. serves as
Custodian under the Texas Uniform Transfer to Minors Act.
(4) Jack S. Blanton, Jr. serves as Custodian under the Texas Uniform Transfer to
Minors Act for the 3,164 shares owned by each of Jack S. Blanton III, Mary
Catherine Blanton and Elizabeth W. Blanton.
The last reported sales price of a share of Common Stock on the American
Stock Exchange on December 10, 1997 was $37.625.
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