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Patterson-UTI purchases drill bit manufacturer Ulterra

US oil producer Patterson-UTI has purchased global drill bit manufacturer Ulterra for $800m of cash and stock.

United statesAndy hendrickMike holcombNextier oilfield solutionsUlterra drilling technologiesNorth american

Patterson-UTI to acquire global drill bit company for $370 million

Founded in 2005 and headquartered in Fort Worth, Texas, privately-owned Ulterra designs, manufactures, sells and rents PDC drill bits.

United statesFort worthJohn clunanMike holcombAndy hendricksEnergy incNextier oilfield solutionsUlterra drilling technologiesSouth americaMiddle eastNorth americaChief executive officerNorth americanOperating officer

Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra

Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra
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United statesFort worthMike holcombJohn clunanDarius sepassiAndy hendricksNextier oilfield solutionsEnergy incInvestor relations departmentBlackstone energy partnersInternational presenceNextier investor relations departmentLeading providerHighly engineered polycrystalline diamond compactDrill bitsNorth america

Patterson-UTI Energy, Inc : Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra

Patterson-UTI Energy, Inc : Patterson-UTI Energy Announces Agreement to Acquire Global Drill Bit Company, Ulterra
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

United statesFort worthAndy hendricksMike holcombDarius sepassiJohn clunanNextier oilfield solutionsInvestor relations departmentNextier investor relations departmentEnergy inc viewInternational presenceEnergy incBlackstone energy partnersLeading providerHighly engineered polycrystalline diamond compactDrill bits

Patterson-UTI to buy Ulterra Drilling Technologies in cash and stock deal (NASDAQ:PTEN)

Patterson-UTI Energy (PTEN) agreed to acquire specialized drill bit provider Ulterra Drilling Technologies from Blackstone Energy Partners (BX) for $370M in cash and 34.9M common shares.

Mike holcombOil jackNextier oilfield solutionsBlackstone energy partnersUlterra drilling technologiesMiddle east

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