Exhibit 99.1

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION

On March 24, 2015, following the separation of the completion and production services business of Nabors Industries Ltd. (“Nabors” and such business, the “C&P Business”) from its other businesses, the C&P Business, which was held by Nabors Red Lion Limited, a wholly-owned subsidiary of Nabors (“Red Lion”), was combined with C&J Energy Services, Inc. (“C&J”) and the previously wholly-owned subsidiary that holds the C&P Business was renamed C&J Energy Services Ltd. (the “Merger”).  As a result of the Merger, Nabors owns approximately 53% of the issued and outstanding common shares of C&J Energy Services Ltd.

The following unaudited pro forma condensed consolidated financial information (the “unaudited pro forma statements”) is based on the historical financial statements of Nabors after giving effect to the Merger.  These unaudited pro forma statements give effect to the Merger based on the adjustments described in the accompanying notes to the unaudited pro forma condensed consolidated financial statements.

The unaudited pro forma condensed consolidated balance sheet is presented as if the Merger was completed as of December 31, 2014, and the unaudited pro forma condensed consolidated statement of income (loss) is presented as if the Merger was completed on January 1, 2014.

The unaudited pro forma statements have been prepared based upon available information and management estimates; actual amounts may differ from these estimated amounts. The unaudited pro forma statements are not intended to represent or be indicative of the financial condition or results of operations that might have occurred had the Merger occurred as of the dates stated above, and further should not be taken as representative of the future financial condition or results of operations.  The pro forma adjustments are described in the notes.

The unaudited pro forma statements should be read in conjunction with the audited financial statements and notes and related Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Nabors’ Annual Report on Form 10-K for the fiscal year ended December 31, 2014.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

As of December 31, 2014

(in thousands)

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME (LOSS)

For the Year Ended December 31, 2014

(in thousands, except per share data)

(a)  Reflects the deconsolidation of Red Lion’s assets and liabilities at their carrying amounts at December 31, 2014 and Red Lion’s operations for the year ended December 31, 2014.

(b)  Reflects the adjustment to cash for cash received from C&J in connection with the Merger, as well as the Red Lion cash balance at December 31, 2014 to be retained by Nabors after the deconsolidation of Red Lion. These amounts were reduced by the payment of estimated Merger-related transaction costs, including costs incurred as of December 31, 2014 as well as costs incurred subsequent to the balance sheet date.

(c)   Reflects the investment in the newly formed company C&J Energy Services Ltd.

Stock Consideration (in thousands, except share price):

(d)   Represents liabilities to be retained by Nabors after the deconsolidation of Red Lion.

(e)   Reflects the repayment of Intercompany Notes in connection with the deconsolidation of Red Lion.  Pursuant to the Separation Agreement, Nabors contributed $162.8 million and Red Lion subsidiaries repaid $87.2 million of the Intercompany Notes, such that the remaining balance owed under the Intercompany Notes following such contribution and repayment was approximately $688 million. The portion of the Intercompany Notes not previously contributed by Nabors or paid by Red Lion subsidiaries was repaid in connection with the Closing, using the cash proceeds received from C&J of $688 million as described in note (b).

(f)    Represents the adjustment needed to reflect the current Nabors equity structure, which includes the associated common stock and additional paid in capital reflected in the Red Lion consolidated balance sheet.

(g)   Represents the adjustments to retained earnings to reflect the net impact of amounts as a result of the pro forma adjustments column, including an estimated net gain of $35.9 million on the Merger.

(h)   Represents Nabors’ 53% investment in the newly formed company C&J Energy Services Ltd., which combines the historical operating results of Red Lion and C&J as though the Merger occurred on January 1, 2014.

(i)    Represents management fees allocated to Red Lion for accounting, treasury, human resources, IT and tax and legal services provided by Nabors.  These fees are determined based upon headcount, revenues and assets relative to other Nabors subsidiaries and the Nabors corporate cost structure.  Such fees are consolidated within Nabors and as such, should be adjusted from the Red Lion statement of income.

(j)    Represents interest expense to be retained by Nabors after the deconsolidation of Red Lion.

(k)   Represents the removal of non-recurring charges for transaction costs incurred by Nabors during the year ended December 31, 2014 related to the Merger, including professional fees and other costs incurred to reorganize the business in contemplation of the Merger.

(l)    Reflects income tax expense (benefit) related to income (loss) from continuing operations before income taxes generated by the pro forma adjustments based upon an estimate of the effective tax rate.

(m)  Reflects the elimination of preferred stock dividends attributable to preferred stockholders of Red Lion.