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Patterson-UTI Energy

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

July 5, 2023

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

Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider- oil and gas 360

Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider

June 15, 2023

Oil and Gas 360 Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver Long Term Value to Shareholders, Including Continued Commitment to Shareholder Return Program Expected to be Accretive to Earnings per Share

Patterson-UTI Energy provides update on expected fourth quarter financial results- oil and gas 360

Patterson-UTI Energy provides update on expected fourth quarter financial results

January 4, 2023

Oil and Gas 360 HOUSTON, TX / ACCESSWIRE / January 4, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) announced today that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections. The Company also demonstrated its commitment during

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