NABORS INDUSTRIES INC
DFAN14A, 1998-12-30
DRILLING OIL & GAS WELLS
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                                  SCHEDULE 14A
                                 (Rule 14a-101)
                     INFORMATION REQUIRED IN PROXY STATEMENT

                            SCHEDULE 14A INFORMATION
                  Proxy Statement Pursuant To Section 14(a) of
                       the Securities Exchange Act of 1934


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( )  Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12


                            POOL ENERGY SERVICES CO.
                (Name of registrant as specified in its charter)


                             NABORS INDUSTRIES, INC.
                   (Name of Person(s) Filing Proxy Statement)

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[Nabors Industries, Inc. Logo]                        NABORS INDUSTRIES INC.
                                                      515 West Greens Road
                                                      Houston, Texas  77067-4525
                                                      713-874-0035

News Release


                      NABORS INDUSTRIES SAYS ISS RECOMMENDS
                    VOTE FOR NABORS "SALE OF POOL" RESOLUTION


HOUSTON, Texas, DECEMBER 30, 1998 - Nabors Industries, Inc. (ASE: NBR) today
announced that Institutional Shareholder Services Inc. (ISS), the nation's
leading institutional shareholder advisory firm, has recommended that
shareholders vote FOR the Nabors "Sale of Pool" Resolution on the BLUE proxy
card at Pool's Special Meeting of Shareholders on January 12, 1999.

Eugene M. Isenberg, Chairman and CEO of Nabors Industries, Inc., said, "We are
very pleased that ISS, with its reputation for independent advocacy of
shareholder interests and sound corporate governance, supports the Nabors "Sale
of Pool" Resolution. Shareholders have the opportunity to send Pool's Board of
Directors a strong message. We urge Pool shareholders to consider ISS'
recommendation and vote FOR the Nabors "Sale of Pool" Resolution on the BLUE
proxy card today."

Nabors actively markets over 400 land drilling rigs worldwide. Offshore, the
Company operates 25 platform rigs, six jack-ups and two barge drilling rigs. The
Company participates in most of the significant oil, gas and geothermal drilling
markets in the world. Nabors also manufactures top drives and drilling
instrumentation systems and provides comprehensive oilfield engineering, civil
construction, logistics and facility maintenance and project management
services.


                                      # # #

Contacts:      Nabors Industries, Inc.              Abernathy MacGregor Frank
               Dennis A. Smith                      Andrew Brimmer / Dan Katcher
               (281) 874-0035                       (212) 371-5999


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