Is Patterson buying Pioneer?
US-based oilfield services provider Patterson-UTI Energy has agreed to acquire Pioneer Energy Services in a cash-stock deal worth around $295m. Patterson-UTI will pay for the deal through the issuance of up to 26,275,000 shares of its common stock and $30m in cash.
Who bought Universal Pressure Pumping?
PATTERSON-UTI ENERGY, INC.
How many drilling rigs does Patterson-UTI have?
Rig Summary
| Patterson-UTI Drilling by Region |
Rigs Operating |
| West Texas |
55 |
| Total U.S. |
117 |
| Canada |
0 |
| Total |
117 |
6 more rows
What does Patterson-UTI Energy do?
Patterson-UTI Energy provides land drilling and pressure pumping services, directional drilling, rental equipment and technology to clients in the United States and western Canada.