For people in the state of Alaska, the name Nabors Industries sparks feelings of intense loyalty and nostalgia. Perhaps no other company in the state’s history has contributed more to individual Alaskan citizens than Nabors Industries. Through its development of the Prudhoe Bay oil fields on the North Slope of Alaska, Nabors Industries has contributed mightily to the state’s coffers and to the general state of its economic prosperity.
However, in the contiguous 48 states, Nabors Industries slowly begin to lose its brand luster throughout the decades of the ‘70s and ‘80s. Throughout this era, the company was badly mismanaged, eventually leading to its insolvency and bankruptcy in 1988. While in receivership, the company began the search for the right man to lead it out of bankruptcy and into the 21st century. They found him in Tony Petrello, a mergers and acquisitions attorney with the firm Baker McKenzie, who had been working on a number of aspects of the bankruptcy case.
Under Petrello’s leadership, the company began to take a different tack. Petrello began focusing on the development of high-tech directional drilling equipment and other equipment that would be able to tap into the market for hard oil extraction. Throughout North America, there were many reserves of oil that had been, until that time, completely left alone. The reason for this was simple. They were viewed as economically unviable. The extreme difficulty of reaching oil reserves within deep shale deposits was simply too much to justify the cost of the equipment.
But Nabors Industries began to change that. With its Sundowner drilling rig, Nabors Industries enabled sites to be set up and torn down within 24 hours, leading to massive flexibility that had never been seen before. Technology such as this has paved the way for the extraction of North American shale and tar sands oil resources.
These are just some of the things that Petrello has done to prove his merit as CEO of one of the country’s largest oil extraction and drilling equipment firms.
Todd Lubar is a businessman that quickly grew to success and is the founder of a company named TDL Global Ventures, where he is the President and provides loan for people that are looking for a way to grow. He is also Vice President at Legendary Investments, a company that manages investments and financial strategies.
Ranked on Yelp among the top 25 mortgage originators in the country for more than one consecutive year, He has worked in the real estate industry and as in the financial management office since his starting position at Crestar Mortgage Corporation in 1995, and stayed there for four years. Here, he began acquiring knowledge in the mortgage banking field right after he graduated. Todd attended the Syracuse University and graduated in speech communication.
Todd Lubar says to have the philosophy of surrounding himself with people that bring him to his limits and promote success and growth. He is passionate about helping his community, friends and the companies he has worked on in achieving their goals.
According to About.Me, his company, TDL Global Ventures, began as an idea that became a reality after 20 years working in the industry. This fact shows very carefully his quote of how people can have as many ideas as they want, but if they don’t make them happen, then those ideas aren’t worth much. His experience with mortgage banking and finances led him to the foundation of his dream company, the TDL.
He is a very techy guy, as he enjoys how technology is advancing in a way that you can control simple functions of your house with the push of a button, including opening and close the curtains and turn on and off the ceiling fan. He also has some cameras in his house for added security, as he is the father of two children, a boy, and a girl.
One of the biggest advices to anyone is to pay close attention to what people you bring to your circle of influence and intimacy. Todd also says that he wouldn’t have gotten where he is if he wasn’t as organized and dedicated. The dedication doesn’t only come from him though, as he surrounds himself with people that push him forward every day.