Patterson UTI Energy Inc.
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New Financings
Extended the maturity date of $357.9 million in revolving credit commitments of certain lenders, to March…
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News
ADNOC Drilling, SLB and Patterson-UTI Form JV Turnwell Industries in UAE
Their joint venture Turnwell Industries LLC has been contracted to drill an initial 144 wells in the United Arab Emirates, scheduled for completion by the end of 2025.
ProPetro CEO: Next-gen Equipment Demand High Despite Market Headwinds
As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
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.
Exclusive Q&A: Patterson-UTI, NexTier CEOs Talk Merger, Shale Dominance
Patterson-UTI President and CEO Andy Hendricks and NexTier Oilfield Solutions CEO Robert Drummond discussed the companies’ planned $5.4 billion merger in a Hart Energy exclusive interview.
Reducing Opex With Dual Fuel Hydraulic Fracturing Operations
Dual fuel operations deliver millions in saved diesel fuel costs.