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Patterson-Uti Energy Inc - PTEN STOCK NEWS

Welcome to our dedicated page for Patterson-Uti Energy news (Ticker: PTEN), a resource for investors and traders seeking the latest updates and insights on Patterson-Uti Energy stock.

Patterson-UTI Energy Inc (NASDAQ: PTEN) delivers essential drilling services and completion solutions for North America's energy sector. This dedicated news hub provides investors and industry professionals with direct access to official corporate announcements, operational updates, and strategic developments.

Track critical updates including quarterly earnings reports, merger activity with NexTier, technological advancements in directional drilling equipment, and sustainability initiatives. Our curated collection ensures timely access to press releases covering contract awards, fleet expansions, and leadership changes.

Key focus areas include updates on the company's Tier-1 drilling rig operations, pressure pumping capabilities, and innovations in natural gas-powered equipment. Users will find verified information on shareholder communications, regulatory filings, and market expansion efforts across U.S. shale basins and international markets.

Bookmark this page for streamlined monitoring of PTEN's evolving position in oilfield services. Combine this resource with SEC filings and investor presentations for comprehensive analysis of the company's performance in dynamic energy markets.

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Patterson-UTI Energy and NexTier Oilfield Solutions announce expiration of waiting period for merger
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Patterson-UTI Energy, Inc. announces the acquisition of Ulterra Drilling Technologies for $370 million in cash and stock. Ulterra is a leading provider of PDC drill bits in North America with a global presence. The acquisition expands Patterson-UTI's drilling and completions capabilities and strengthens its position in the industry. Ulterra's data-centric approach and proprietary BitHub platform will enhance Patterson-UTI's data analytics capabilities. The transaction is expected to close in Q3 2023.
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Patterson-Uti Energy Inc

Nasdaq:PTEN

PTEN Rankings

PTEN Stock Data

2.34B
347.72M
2.54%
106.23%
6.79%
Oil & Gas Drilling
Drilling Oil & Gas Wells
Link
United States
HOUSTON