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Struggling oilfield firm Pioneer Energy gobbled up by rival

Struggling oilfield firm Pioneer Energy gobbled up by rival as oil industry recovers FacebookTwitterEmail 1of3 Andy Hendricks, left, president and CEO of Patterson-UTI, and Mark Siegel, chairman of Patterson-UTI, pose for a portrait at the Houston Chronicle, Thursday, April 27, 2017, in Houston. ( Jon Shapley / Houston Chronicle )Jon Shapley, Staff / Houston ChronicleShow MoreShow Less 2of3 Patterson-UTI APEX-XK 1500 oil rig drill. Tuesday, May 9, 2017, near College Station. ( Marie D. De Jesus / Houston Chronicle )Marie D. De Jesus, Staff / Houston ChronicleShow MoreShow Less 3of3 San Antonio-based Pioneer Energy Services is a contract driller and provides a number of well and production services.Courtesy / CourtesyShow MoreShow Less

United statesTaylor zurcherMatthew porterHaynes booneStacy lockeLouise dicksonAndy hendricksPioneer energyHolt coRystad energyWest texas intermediateஒன்றுபட்டது மாநிலங்களில்டெய்லர் ஜூற்சதெர்மேத்யூ போர்டர்ஹேன்ஸ் பூன்நிலைத்தன்மை பூட்டு

Patterson-UTI Energy Announces Agreement To Acquire Pioneer Energy Services

Patterson-UTI Energy Announces Agreement To Acquire Pioneer Energy Services
oilandgasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgasonline.com Daily Mail and Mail on Sunday newspapers.

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Biogas could supply 20pc of NZ s gas needs by 2050, says Beca

Beca sustainability expert Eleanor Grant said renewable gas was “a very real solution to decarbonising New Zealand that could realistically be having an impact by 2030”. Based on current natural gas prices, about 10 per cent of the biogas the report contemplated using could be supplied economically today, she said. “A further 30 to 40 per cent would become available in coming decades as natural gas prices increase.” But the economics would need to shift for “hard to use” sources such as manure and crop residues to become commercial, she said. Methane is the main component of both natural gas and biogas. RICKY WILSON

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San Antonio-based Pioneer Energy acquired by Houston driller

San Antonio-based Pioneer Energy acquired by Houston driller FacebookTwitterEmail San Antonio-based Pioneer Energy Services is a contract driller and provides a number of well and production services.Courtesy / Courtesy Houston-based Patterson-UTI Energy Inc. said Tuesday it’s acquiring Pioneer Energy Services, the struggling San Antonio oilfield services firm that emerged from bankruptcy last summer. The deal is valued at $295 million. Patterson-UTI paid $30 million in cash and the rest in shares of stock. The deal extinguished Pioneer’s debt. The purchase of Pioneer Energy adds 17 drilling rigs to UTI-Patterson’s portfolio. The company now operates 166 “super-spec”, or premium, rigs. Patterson-UTI also acquired eight Colombian drilling rigs from Pioneer, expanding its footprint outside the U.S.

United statesSan antonioPioneer energyEnergy incPioneer energy servicesSan pioneer energy servicesSan antonio based pioneer energy servicesஒன்றுபட்டது மாநிலங்களில்சான் அன்டோனியோமுன்னோடி ஆற்றல்ஆற்றல் இன்க்முன்னோடி ஆற்றல் சேவைகள்சான் அன்டோனியோ அடிப்படையிலானது முன்னோடி ஆற்றல் சேவைகள்

Patterson-UTI to buy Pioneer Energy Services for $295m

Patterson-UTI to buy Pioneer Energy Services for $295m
hydrocarbons-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbons-technology.com Daily Mail and Mail on Sunday newspapers.

Andy hendricksPioneer energyPioneer energy servicesGulf coastஆண்டி ஹென்ட்ரிக்ஸ்முன்னோடி ஆற்றல்முன்னோடி ஆற்றல் சேவைகள்வளைகுடா கடற்கரை