Wednesday, November 27, 2024
Patterson-UTI Energy announces agreement to acquire global drill bit company, Ulterra- oil and gas 360

Patterson-UTI Energy announces agreement to acquire global drill bit company, Ulterra

Oil and Gas 360 HOUSTON. TX / ACCESSWIRE / July 5, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) (“Patterson-UTI”), a leading provider of drilling and completions services in the United States, today announced it has entered into a definitive agreement to acquire Ulterra Drilling Technologies, L.P. (“Ulterra”), a global provider of specialized drill bit solutions, for consideration of $370 million of

Duke Energy to sell distributed generation portfolio in $364 million deal- oil and gas 360

Duke Energy to sell distributed generation portfolio in $364 million deal

Yahoo Finance Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed fuel cell projects managed by Bloom Energy.