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Patterson-UTI Energy Inc.

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Transactions

Report Date Amount (MM) Description
2021-07-06 $295.00

Patterson-UTI to Buy Pioneer Energy Services for $295 Million

Patterson-UTI to Buy Pioneer Energy Services for $295 Million

Report Date Amount (MM) Description
2017-09-05 $215.00

Patterson-UTI Evolves With $215 Million Deal For Directional Driller

Patterson-UTI Evolves With $215 Million Deal For Directional Driller

Report Date Amount (MM) Description
2016-12-12 $1,760.00

Patterson-UTI To Buy Seventy Seven For $1.76 Billion

Patterson-UTI To Buy Seventy Seven For $1.76 Billion

Report Date Amount (MM) Description
2016-09-14 --

Patterson-UTI Energy To Acquire Drilling Technology Company

Patterson-UTI Energy To Acquire Drilling Technology Company

Report Date Amount (MM) Description
2014-10-28 --

Patterson-UTI Closes Eagle Ford, Haynesville Acquisition

Patterson-UTI Closes Eagle Ford, Haynesville Acquisition

Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
Report Date Amount (MM) Description
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Report Date Amount (MM) Description
Report Date Amount (MM) Description
2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2018-04-02 Patterson-UTI Energy Inc. Debt $600.00

Entered into a $600 million, five-year credit agreement with a group of financial institutions led by…

Report Date Type Amount (MM) Description
2018-01-05 Patterson-UTI Energy Inc. Debt $525.00

Patterson-UTI Energy Inc. said on Jan. 5 that it is proposing to issue senior notes to eligible…

Report Date Type Amount (MM) Description
2015-03-18 Patterson-UTI Energy Inc. - 2015-03-18 Debt $200.00

Entered senior unsecured term loan agreement with group of financial institution lenders led by Wells…

Report Date Type Amount (MM) Description
2013-09-09 Patterson-UTI Energy Inc. - 2013-09-09 Buyback $200.00

Launched a new stock buyback program that authorizes purchases of additional shares to be made from time…

Report Date Type Amount (MM) Description
2013-09-09 Patterson-UTI Energy Inc. - 2013-09-09 Buyback $150.00

Completed its stock buyback program approved by its board in July 2012 after repurchasing some 2.6…

Report Date Type Amount (MM) Description
2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

This content is locked until you subscribe

2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Are 3-mile Laterals Worth the Extra Mile?

Every additional foot increases production, but it also increases costs.

‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed

After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.

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.

TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound

TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.

Drilling Tech Rides a Wave

Can new designs, automation and aerospace inspiration boost drilling results?

Following Acquisitions, Patterson-UTI Focused on Integration

Patterson-UTI CEO Andy Hendricks is optimistic about rig recovery in 2024, and he says frac fundamentals remain strong.

Forty Under 40: Andrzej (Andrew) Stopka, Patterson-UTI Energy

Today's featured Forty Under 40 honoree is Andrzej (Andrew) Stopka, the director of engineering and rig construction at Patterson-UTI Energy.

Precision Drilling Expands in US, Canada with CWC Energy Services Acquisition

Precision Drilling Corp. is expanding its U.S. and Canadian drilling fleet by acquiring fellow Calgary player CWC Energy Services.

Patterson-UTI Closes $780MM Ulterra Drilling Technologies Deal

Patterson-UTI acquired Ulterra Drilling Technologies from affiliates of Blackstone Energy Partners in a cash and stock deal valued at about $780 million.

Analysts: Patterson-UTI M&A May Continue After NexTier, Ulterra Deals

Patterson-UTI’s cash-and-stock acquisition of Ulterra Drilling Technologies enhances PTEN’s position in the drilling and completions market. After the recent merger announcement with NexTier, analysts wonder if PTEN might pursue more M&A.

Permian Paradox: Patterson CEO Says Fewer Rigs Demand More Workers

Patterson-UTI CEO Andy Hendricks said the Lower 48’s hottest play has tapped out the local workforce, requiring the drilling company to bring employees into the Permian Basin.

Devon Energy Invests in Enhanced Geothermal Firm Fervo

Devon Energy joins other E&Ps exploring the geothermal space with a $10 million investment in Houston’s Fervo Energy.

US Land Drillers: Drilling Faster, Reaching More Resources

Here’s how Big Data is informing intelligent design for drilling operations, according to experts from U.S.-based land drilling companies Patterson-UTI and Helmerich and Payne.

Insight: North American Oil Companies Scramble to Find Workers Despite Boom

Patterson-UTI Energy may hire another 3,000 workers this year after hiring back 3,000 in 2021, and even has recruiters set up at a shopping mall in Williston, North Dakota, to find potential workers.

Patterson-UTI, Helmerich & Payne Eye Higher Prices Amid Tight OFS Market

U.S. oilfield service firm Patterson-UTI Energy said it is seeing significant price increases for both drilling and hydraulic fracturing and rival contract driller Helmerich & Payne said it was contracting some rigs around $30,000 per day.