Key Takeaways Nabors Industries and Caturus Energy launched the PACE-X Ultra X33, the most powerful U.S. onshore rig.The rig drills 4-mile laterals, 14,000-foot depths, and operates in HPHT shale environments. Caturus plans to use the rig to lift South Texas gas output from 650 MMcf daily to 1 Bcf per day by 2029.Nabors Industries Ltd. (NBR) , Hamilton, HM-based oil and gas drilling company, and Caturus Energy, a natural gas-focused exploration and production company, have joined forces to introduce the PAC ...