SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF
THE SECURITIES EXCHANGE ACT OF 1934
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14a-6(e)(2))
[ ] Definitive Proxy Statement
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[ ] Soliciting Material Pursuant to (section) 240.14a-11(c) or
(section) 240.14a-12
POOL ENERGY SERVICES CO.
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(Name of Registrant as Specified in Its Charter)
POOL ENERGY SERVICES CO.
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(Name of Person(s) Filing Proxy Statement)
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Contact: Ruth Pachman/Kimberly Kriger
Kekst and Company
212-521-4800
David Oatman
Pool Energy Services
713-954-3316
For Immediate Release
POOL ENERGY COMMENCES MERGER DISCUSSIONS WITH NABORS
HOUSTON, January 4, 1999 - Pool Energy Services Co. (NASDAQ: PESC)
announced today that it has commenced merger discussions with Nabors Industries,
Inc. (AMEX: NBR).
Pool stated that it did not anticipate making any additional comments
with respect to the discussions until a definitive agreement is signed or the
discussions are terminated. There is no assurance that a definitive merger
agreement with Nabors will be concluded.
Pool Energy Services Co. headquartered in Houston, is a diversified
energy services company principally engaged in providing well-servicing,
workover and drilling services and related transportation services on land and
offshore in the U.S. and selected international markets.
