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NexTier Oilfield Solutions Inc.

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About

NexTier is an industry-leading U.S. land oilfield service company, with a diverse set of well completion and production services across the most active and demanding basins. Our integrated solutions approach delivers efficiency today, and our ongoing commitment to innovation helps our customers better address what is coming next. NexTier is differentiated through four points of distinction, including safety performance, efficiency, partnership and innovation. At NexTier, we believe in living our core values from the basin to the boardroom, and helping customers win by safely unlocking affordable, reliable and plentiful sources of energy.

Editor's note: Updated Nov. 5, 2019.

Transactions

Report Date Amount (MM) Description
2021-08-31 $268.00

NexTier to Acquire Leading Permian Pressure Pumper Alamo in $268 Million Deal

NexTier to Acquire Leading Permian Pressure Pumper Alamo in $268 Million Deal

Report Date Amount (MM) Description
2020-03-09 $94.00

Basic Energy Services Acquires NexTier’s Well Services Business For $94 Million

Basic Energy Services Acquires NexTier’s Well Services Business For $94 Million

Report Date Amount (MM) Description
2019-10-31 $745.70

Rival Pressure Pumpers Keane, C&J Energy To Combine In All-Stock Merger

Rival Pressure Pumpers Keane, C&J Energy To Combine In All-Stock Merger

2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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News

Tracking Frac Equipment Conditions to Prevent Failures

A novel direct drive system and remote pump monitoring capability boosts efficiencies from inside and out.

Push-Button Fracs: AI Shaping Well Design, Longer Laterals

From horseshoe wells to longer laterals, NexTier, Halliburton and ChampionX are using artificial intelligence to automate drilling and optimize completions.

Patterson-UTI Boosts Bottom Line with OFS Acquisitions

Less than a year out from the closing of its merger with NexTier and its acquisition of Ulterra Drilling Technologies, Patterson-UTI is taking strides not to be the latest has-been.

E-wireline: NexTier Taps Oilfield Grid, Automation for Completions

NexTier Completion Solutions is using advanced electric-drive equipment, automation-enabled pump down technology and digital connectivity to optimize wellsite operations during shale completions.

‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed

After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.

Exclusive: Meet the Data Van, the Heart of Completion Operations

In this Hart Energy Live Exclusive, NexTier’s Ben Dickinson describes how the data van centralizes completions controls and data and reduces on-site personnel requirements as the industry moves ever closer to remote fracs.

The Completions Package: NexTier, ProPetro Electrify Frac Fleets

NexTier and ProPetro’s respective electric frac fleets are touting a newer, cheaper and more sustainable approach to hydraulic fracturing through electrification.

Exclusive: NexTier Reveals New Blending Equipment for Fracturing

Renee LeBas, vice president of NextGen at NexTier introduces their latest technology and electric driven blending equipment for fracturing operations with risk reducing components in this week's Tech Trends.  

Following Acquisitions, Patterson-UTI Focused on Integration

Patterson-UTI CEO Andy Hendricks is optimistic about rig recovery in 2024, and he says frac fundamentals remain strong.

Precision Drilling Expands in US, Canada with CWC Energy Services Acquisition

Precision Drilling Corp. is expanding its U.S. and Canadian drilling fleet by acquiring fellow Calgary player CWC Energy Services.

A&D Minute: Midstream Sector's Flurry of M&A [WATCH]

In this week's A&D Minute, upstream deals were made and midstream mergers were inked.

Patterson-UTI Energy, NexTier Complete $5.4B Merger

The combination of Patterson-UTI and NexTier Oilfield Solutions brings together a contract drilling business fleet with 172 super-spec drilling rigs and a completions business with 3.3 million hydraulic fracturing horsepower.

Patterson-UTI Closes $780MM Ulterra Drilling Technologies Deal

Patterson-UTI acquired Ulterra Drilling Technologies from affiliates of Blackstone Energy Partners in a cash and stock deal valued at about $780 million.

Frac Markets to Tighten? E&Ps Spur OFS Upgrades, Higher Prices

Demands by E&Ps for more efficient pressure pumping and a coinciding retirement of hydraulic horsepower has set the stage for a rise in oilfield service pricing. 

Analysts: Patterson-UTI M&A May Continue After NexTier, Ulterra Deals

Patterson-UTI’s cash-and-stock acquisition of Ulterra Drilling Technologies enhances PTEN’s position in the drilling and completions market. After the recent merger announcement with NexTier, analysts wonder if PTEN might pursue more M&A.