NABORS INDUSTRIES INC
DFAN14A, 1999-01-04
DRILLING OIL & GAS WELLS
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[LOGO]                [NABORS INDUSTRIES, INC. LETTERHEAD]


                   NABORS URGES POOL SHAREHOLDERS TO VOTE FOR
                            "SALE OF POOL" RESOLUTION

         PRELIMINARY CONVERSATIONS HELD; NO FURTHER DISCUSSION SCHEDULED

HOUSTON, Texas, JANUARY 4, 1998 - Nabors Industries, Inc. (ASE: NBR) today
announced that over the past weekend its financial advisor held preliminary
conversations with Pool Energy Services Co.'s (Nasdaq: PESC) financial advisor
regarding a possible business combination of the two companies. No agreement was
reached, no further discussions are scheduled and Nabors does not plan to
comment further on this matter.

Nabors noted that the Special Meeting of Pool Shareholders is scheduled for
January 12, 1998.

Eugene M. Isenberg, chairman and chief executive officer of Nabors, commented,
"We look forward to the Special Meeting of Pool Shareholders on January 12. Pool
shareholders will have the opportunity to send Pool's Board of Directors a
strong message that Pool should explore and evaluate all bona fide offers and
acquisition proposals, including Nabors' premium merger proposal. We continue to
urge Pool shareholders to 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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