NESR Celebrates Signing of Unconventional Frac Contract During Saudi-United States Investment Forum

Rhea-AI Summary

National Energy Services Reunited Corp (Nasdaq:NESR) celebrated the signing of an unconventional frac contract during the Saudi‑United States Investment Forum on November 19, 2025 in Washington, D.C.

The contract award is tied to NESR's winning position in the Jafurah frac tender, is described as worth multiple billions and runs over a five-year term. The award was part of a set of agreements collectively totaling more than USD $30 billion signed at the forum. NESR highlighted engagement with Aramco, senior global CEOs, and delegations from the United States and Saudi Arabia.

The release reiterates forward-looking cautionary language and notes NESR operates in 16 countries with over 6,000 employees.

Positive

• Awarded a multi‑billion Jafurah frac contract with a five‑year term
• Contract signing included in forum deals totaling >$30 billion
• Operates across 16 countries with over 6,000 employees

Negative

• None.

Key Figures

Forum agreements value: more than USD $30 billion Energy collaboration value: $120 billion Contract term: five-year term +4 more

7 metrics

Forum agreements value more than USD $30 billion Total value of agreements at Saudi‑US Investment Forum 2025

Energy collaboration value $120 billion Estimated total value of US‑Saudi energy sector collaboration

Contract term five-year term Duration of NESR’s unconventional frac contract

Employees over 6,000 Company headcount across operations

Countries of operation 16 countries Geographic footprint in MENA and Asia Pacific

Nationalities more than 60 nationalities Diversity of NESR workforce

Founding year 2017 Year NESR was founded

Market Reality Check

Price: $0.5000 Vol: Volume 818,586 is below t...

normal vol

$0.5000 Last Close

Volume Volume 818,586 is below the 1,127,242 20-day average, suggesting muted trading interest ahead of this news. normal

Technical Price 14.95 is trading above the 200-day MA of 8.58, reflecting a pre-existing uptrend.

Peers on Argus

NESR gained 0.67% while peers were mixed: RES up 0.34%, INVX up 1.14%, VTOL up 3...

NESR gained 0.67% while peers were mixed: RES up 0.34%, INVX up 1.14%, VTOL up 3%, HLX down 0.42%, WTTR down 1.56%. This points to a stock-specific move rather than a broad sector shift.

Historical Context

5 past events · Latest: Dec 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 01	Contract celebration	Positive	+0.1%	Celebration of multi‑billion unconventional frac contract at Saudi‑US forum.
Nov 13	Earnings results	Positive	+7.2%	Q3 2025 earnings with rising net income and EPS plus major Saudi contract.
Nov 06	Earnings date notice	Neutral	-0.3%	Announcement of Q3 2025 results release date and conference call details.
Oct 29	Major Saudi contract	Positive	+14.3%	Saudi Aramco multi‑billion unconventional completion contract over five years.
Oct 08	Jordan contract win	Positive	+0.2%	Integrated well delivery campaign in Jordan valued at $200M over four years.

Pattern Detected

Recent positive contracts and operational updates have generally seen modest to strong positive price reactions, especially for large Saudi-related awards.

Recent Company History

This announcement celebrates NESR’s unconventional frac contract linked to the Jafurah tender, building on a series of growth-focused updates. On Oct 29, 2025, NESR disclosed a multi‑billion Saudi Aramco contract over a five-year term, which drew a strong positive reaction. Earlier, on Oct 8, 2025, it secured a $200 million integrated campaign in Jordan. Q3 2025 results on Nov 13 showed solid profitability and drove another gain. Today’s forum-focused release largely reinforces these earlier contract wins and growth narrative.

Market Pulse Summary

This announcement highlights NESR’s role in a multi‑billion unconventional frac contract tied to the...

Analysis

This announcement highlights NESR’s role in a multi‑billion unconventional frac contract tied to the Jafurah tender and showcased at the Saudi‑US Investment Forum. It reinforces earlier disclosures of a five-year term and participation in broader agreements exceeding USD $30 billion, alongside an estimated $120 billion US‑Saudi energy collaboration. Investors may track subsequent contract disclosures, operational updates in Saudi Arabia, and future financial results to gauge how this award translates into revenue growth and margins over time.

Key Terms

hydraulic fracturing, coiled tubing, directional drilling, slickline, +1 more

5 terms

hydraulic fracturing technical

"Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing..."

Hydraulic fracturing is a method for extracting oil and natural gas that involves injecting pressurized fluid and small solid particles into underground rock to create and hold open tiny cracks, allowing trapped fuel to flow to a well. For investors, it matters because successful fracturing can sharply increase a well’s output and revenue potential, while also carrying higher upfront costs, regulatory scrutiny, and environmental risks that can affect a company’s value.

coiled tubing technical

"Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions..."

Coiled tubing is a long, flexible length of pipe wound on a large reel that can be unspooled and pushed into oil and gas wells to clean, repair, measure, or perform light drilling without removing the main wellhead. Think of it like a continuous garden hose or fishing line that lets technicians reach deep down quickly and repeatedly. Investors care because coiled tubing services affect production uptime, repair costs and service-company revenue; efficient use can lower operating expenses and speed returns on well investments.

directional drilling technical

"Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services..."

Directional drilling is a method of guiding a drill to follow a specific path underground, rather than drilling straight down. This technique allows companies to reach oil and gas deposits that are not located directly beneath the surface, often avoiding obstacles or reaching multiple targets from a single surface point. For investors, it means more efficient resource extraction and potentially lower costs, which can impact the profitability of energy companies.

slickline technical

"Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services."

A slickline is a single, smooth metal wire run into an oil or gas well to lower and retrieve simple tools, gauges, and plugs for routine checks, small repairs, and measurements. Think of it like a fishing line lowering a sensor or hook into deep water: it lets operators diagnose or fix problems quickly and cheaply without major equipment, so slickline work can reduce downtime, cut operating costs and affect short-term production and repair budgets—key details for investors.

artificial intelligence technical

"development of advanced digital technologies including Artificial Intelligence."

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

AI-generated analysis. Not financial advice.

WASHINGTON, D.C. / ACCESS Newswire / December 1, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (Nasdaq:NESR) an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, announced the celebratory signing of its recently-announced unconventional frac contract, as part of the Saudi-US Investment Forum 2025 and His Royal Highness' delegation visit to President Trump, in Washington D.C. on November 19^th.

NESR's unconventional contract award was part of the various agreements that collectively totalled more than USD $30 billion in value. NESR previously disclosed multiple billions in contract value for its winning position in the Jafurah frac tender, which is expected to drive significant business growth over the five-year term of the contract. At the event, NESR engaged with Aramco and several Chief Executives from some of world's largest companies, in addition to delegates from both the United States and Saudi Arabia.

Sherif Foda, Chairman & Chief Executive Officer of NESR, commented from the event, "At this pivotal event, our largest customer spoke clearly about the role that US firms have played in the success of the Saudi economy, including first production of Saudi oil, growth of the gas business, integrated downstream operations, and now the development of advanced digital technologies including Artificial Intelligence. The bond between Saudi Arabia and the United States is perhaps as strong as ever, and as the only National Champion of Saudi energy services publicly listed in the US on Nasdaq, NESR is best positioned to capture the boundless opportunities that are being generated as part of this fruitful collaboration between the two countries. From the Saudi-US investment forum came an ambitious vision of economic leadership and partnership, encompassing both energy acceleration and the AI revolution. The energy sector alone is estimated at $120 billion in total value from US-Saudi collaboration, which will be a boon to the industry in the Kingdom for many years to come. We are proud to play a role in this cross-border collaboration, and looking forward to more significant projects to come in the future."

Cautionary Statement Regarding Forward-Looking Statements

Statements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the SEC, including those factors discussed under the caption "Risk Factors" in such filings.

You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update any forward-looking statements to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC.

About National Energy Services Reunited Corp.

Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 6,000 employees, representing more than 60 nationalities in 16 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services.

For media inquiries, please contact:

Lubna Hamdan
National Energy Services Reunited Corp.
971502670225
lubna@nesr.com

For inquiries regarding NESR, or for investor queries, please contact:

Blake Gendron
National Energy Services Reunited Corp.
832-925-3777
investors@nesr.com

SOURCE: National Energy Services Reunited Corp

View the original press release on ACCESS Newswire

FAQ

What did NESR announce about the Jafurah frac contract (Nasdaq:NESR) on December 1, 2025?

NESR announced the celebratory signing of an unconventional frac contract tied to its winning position in the Jafurah tender, described as worth multiple billions over a five‑year term.

When and where was NESR's unconventional frac contract celebrated?

The signing was celebrated on November 19, 2025 during the Saudi‑United States Investment Forum in Washington, D.C.

How large were the total agreements at the Saudi‑US forum that included NESR's contract?

The various agreements at the forum collectively totalled more than USD $30 billion.

Does NESR say who it engaged with at the investment forum?

Yes; the company noted engagement with Aramco, several chief executives of large companies, and delegations from the United States and Saudi Arabia.

What operational scale did NESR disclose in the December 1, 2025 release?

NESR stated it has over 6,000 employees across 16 countries.

Did NESR include any cautionary language about future statements in the announcement?

Yes; the release includes a forward‑looking statements caution and refers investors to its SEC filings for risk factors.