<PAGE> 1
Filed pursuant to Rule 424(b)(3) and Rule 424(c)
Registration No. 33-36229
Registration No. 33-45097
Registration No. 33-47521
Registration No. 33-56000
Registration No. 33-87322
Registration No. 333-11313
Registration No. 333-57129
Registration No. 333-87069
PROSPECTUS SUPPLEMENT
(To Prospectuses dated August 31, 1999, September 14, 1999 and November 30,
1999)
7,500,000 SHARES
NABORS INDUSTRIES, INC.
COMMON STOCK, PAR VALUE $.10 PER SHARE
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This Prospectus Supplement supplements the Prospectuses, dated August
31, 1999, September 14, 1999 and November 30, 1999, of Nabors Industries, Inc.
relating to an aggregate of 14,775,167 shares of its common stock, $.10 par
value per share, which are held by persons who may be deemed to be affiliates of
Nabors and which may be offered for sale from time to time by them. This
Prospectus Supplement should be read in conjunction with the Prospectuses and is
qualified by reference to the Prospectuses except to the extent that the
information contained herein supersedes the information contained in the
Prospectuses.
On March 23, 2000, Eugene M. Isenberg, Anthony G. Petrello and Richard
Stratton sold 4,700,000 shares, 2,200,000 shares and 600,000 shares of Nabors
common stock, respectively, for a net price of $38.00 per share, to Merrill
Lynch, Pierce, Fenner & Smith Incorporated. Merrill Lynch may resell the
securities from time to time to purchasers directly in negotiated transactions
at market prices prevailing at the time of sale, at prices relating to such
prevailing market prices or at negotiated prices. In connection with the sale of
any shares of Nabors common stock hereby, Merrill Lynch may be deemed to have
received compensation equal to the difference between the amount received by
Merrill Lynch upon the sale of such Common Stock and $38.00. Nabors has agreed
to indemnify Merrill Lynch against certain liabilities, including liabilities
under the Securities Act, in connection with such sales.
The last reported sale price of a share of Nabors common stock on the
American Stock Exchange on March 23, 2000 was $39.688.
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Merrill Lynch & Co.
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The date of this Prospectus Supplement is March 24, 2000.
