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
NexTier to Acquire Leading Permian Pressure Pumper Alamo in $268 Million Deal
NexTier to Acquire Leading Permian Pressure Pumper Alamo in $268 Million Deal
Basic Energy Services Acquires NexTier’s Well Services Business For $94 Million
Basic Energy Services Acquires NexTier’s Well Services Business For $94 Million
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
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News
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. Â
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.
![] Equipment Refresh, Retirement Suggest Tight Frac Market](/sites/default/files/styles/image_480x320_3_2/public/image/2023/07/hydraulic-fracturing-equipment.jpg?itok=LsqbsSXl)
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.Â
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.
Patterson-UTI to Acquire Global Drill Bit Company Ulterra
The deal to buy Ulterra for about $780 million followsPatterson-UTI Energy’s announced merger in June with NexTier Oilfield Solutions Inc. for $5.4 billion.
A&D Minute: Big Expansions, Bigger Mergers [WATCH]
In this week's A&D Minute, Patterson-UTI and NexTier Oilfield Solutions are merging, Civitas Resources enters the Permian, and Earthstone Energy expands their Delaware Basin presence.Â