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.
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Founded in 2005 and headquartered in Fort Worth, Texas, privately-owned Ulterra designs, manufactures, sells and rents PDC drill bits.
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The deal to buy Ulterra for about $780 million followsPatterson-UTI Energy’s announced merger in June with NexTier Oilfield Solutions Inc. for $5.4 billion.
'This merger unites two top-tier and technology-driven drilling and well completions businesses'.
HOUSTON, Texas - NexTier Oilfield Solutions Inc. announced that Robert W. Drummond, the Company's President and Chief Executive Officer, will present at the J.P. Morgan Energy, Power &... | June 20, 2023