Patterson-UTI Inc.
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New Financings
Has entered into a $600 million, five-year credit agreement with a group of financial institutions led by…
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News
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
Patterson-UTI Updates Drilling Rig Status
Patterson-UTI’s monthly announcements represent the company’s average number of revenue-earning drilling rigs in the U.S.
Go Long: Exxon, EOG Extend Permian Laterals, Lead US Onshore Drilling
When it comes to drilling in U.S. onshore basins, no other operators are drilling more than Exxon Mobil and EOG Resources, according to Enverus data.
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.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
Bit by Bit, Drilling Tech Has Evolved
The future of drilling tech is faster and more efficient, experts say.
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.
![] 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
A&D Minute: Companies Shore Up Assets, Streamline Operations [WATCH]
In this week's A&D Minute, companies merge, shore up their balance sheet and shift away from fossil fuels.Â
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
Patterson-UTI, NexTier Merging in $5.4B Deal
The Patterson-UTI, NexTier merger will create a comprehensive drilling and completions franchise in U.S. land with leadership positions in contract drilling, directional drilling and pressure pumping, according to Patterson-UTI CEO Andy Hendricks.
New Bit Fills Need for Drilling Speed, While Tool Brings MPD Onshore
A faster bit and an integrated MPD system aim to improve onshore drilling.
Could Geothermal Be the Next Drilling Boom?
Some experts say geothermal energy could follow a path similar to the unconventional oil and gas revolution.
E&P Tech Trends: Universal's Cementing Sector is Growing Rapidly - Here's Why [WATCH]
In this week's episode of Hart Energy LIVE's E&P Tech Trends, Hart Energy technology reporter Jaxon Caines explores the future of Universal's cementing business with director of cementing Deepak Khatri.