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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.

Patterson-UTI Energy (PTEN) to Acquire Ulterra

Patterson-UTI Energy (PTEN) to Acquire Ulterra
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Patterson-UTI Expands Portfolio Further by Snapping Up Blackstone s Ulterra Drilling

Only weeks after slapping down $5.4 billion to take over NexTier Oilfield Solutions, Patterson-UTI Inc. on Wednesday agreed to buy global drillbit

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