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Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation

Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.

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US upstream deal frenzy spreads to oilfield services

The oilfield services sector, which has largely sat on the sidelines during the current round of consolidation among US producers, may finally be catching up.

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SLB to buy ChampionX for $8 bln in growing deal-making in U.S. energy sector

Top oilfield services company said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.

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Hydraulic Fracturing Market May See Potential Upside in Years to Come

Stay up-to-date with Global Hydraulic Fracturing Market Research offered by HTF MI. Check how key trends and emerging drivers are shaping this industrys growth.

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NexTier Closing Frack Office, Laying Off 104 in Tioga County, PA

Last June, Patterson-UTI Energy, which operates roughly half of the active rigs in the Marcellus/Utica, announced it was merging with NexTier Oilfield Solutions in a combination that would create the #1 company in fracking services in the country (see Patterson-UTI & NexTier to Merge, Bigger Fracker than Halliburton). The merger was completed last September. However,

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Patterson-UTI Braces for Activity 'Pause' After E&P Consolidations

Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.

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Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023

Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023
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Patterson-UTI Energy, Inc.: Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023

Patterson-UTI Energy, Inc.: Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023
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RPC: EPS Surprise, Acquisition Opportunities, And Trades At 3x-4x Cash Flow (NYSE:RES)

RPC: EPS Surprise, Acquisition Opportunities, And Trades At 3x-4x Cash Flow (NYSE:RES)
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Patterson-UTI Grows With NexTier Merger (NASDAQ:PTEN)

Patterson-UTI Grows With NexTier Merger (NASDAQ:PTEN)
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