Patterson-UTI, NexTier Merging in $5.4B Deal
The combined company will have operations in most active basins in the U.S.
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The combined company will have operations in most active basins in the U.S.
A combination of the companies’ pressure-pumping units would make it the No. 2 fracker with control of almost one-fifth of the market.
Patterson-UTI Energy and NexTier Oilfield Solutions have agreed a $5.4bn all-share merger.
Patterson-UTI Energy Inc. agreed to acquire NexTier Oilfield Solutions Inc. in an all-stock deal worth $1.9 billion
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