Nabors Industries Ltd. provided operating guidance for the second quarter 2021. Based on the Company's current outlook, the second quarter average Lower 48 rig count is expected to increase by approximately six to seven rigs over the first quarter average. Nabors expects second quarter drilling margins to exceed $7,000, reflecting the continued migration of the fleet's pricing to current market rates. In the second quarter, for the U.S. Offshore and Alaska operations, the Company expects adjusted EBITDA somewhat higher than the first quarter.