Who Owns Nextier Oilfield Solutions Patterson UTI Energy Inc today announced the completion of its previously announced all stock merger with NexTier Oilfield Solutions Inc creating a leading provider of drilling and completions
HOUSTON TX ACCESSWIRE September 1 2023 Patterson UTI Energy Inc NASDAQ PTEN Patterson UTI today announced the completion of its previously announced all stock merger with NexTier US based oilfield services companies Patterson UTI Energy and NexTier Oilfield Solutions have signed a definitive merger agreement to combine in an all stock merger deal that would value the combined company at about 5 4bn Under the terms of the agreement the shareholders of NexTier Oilfield Solutions will receive 0 7520 shares of Patterson
Who Owns Nextier Oilfield Solutions
Who Owns Nextier Oilfield Solutions
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HOUSTON June 15 2023 PRNewswire Patterson UTI Energy Inc NASDAQ PTEN Patterson UTI and NexTier Oilfield Solutions Inc NYSE NEX NexTier today announced that they have entered into a definitive merger agreement to combine in an all stock merger of equals transaction The combined company with an enterprise value of June 15 Reuters Patterson UTI Energy PTEN O and NexTier Oilfield Solutions NEX N on Thursday agreed to merge in an all stock deal to create a 5 4 billion oilfield services firm The
Patterson UTI Energy Inc and NexTier Oilfield Solutions Inc are officially one company after completing a merger that creates a single oilfield service provider valued at 5 4 billion the companies said on Sept 1 The combination creates a leading provider of drilling and completions services in the U S Patterson UTI said The combined company will retain the name Patterson UTI continue Patterson UTI Vice President Investor Relations 281 765 7170 Michael Sabella NexTier Vice President Investor Relations and Business Development 346 242 0519 Media for Transaction Joele
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This article is for subscribers only Patterson UTI Energy Inc agreed to acquire NexTier Oilfield Solutions Inc in an all stock deal worth 1 9 billion that forms one of the shale sector s WO Patterson UTI Energy Inc and NexTier Oilfield Solutions Inc have entered into a definitive merger agreement to combine in an all stock merger of equals transaction
About NexTier Oilfield Solutions NexTier is an industry leading U S land oilfield service company with a diverse set of well completion and production services across the most active and Oilfield service company Patterson UTI s market capitalization is 4 3 billion and it pays a 3 1 dividend The company s merger of equals with NexTier 55 PTEN 45 NexTier will enhance
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Who Owns Nextier Oilfield Solutions - HOUSTON June 15 2023 PRNewswire Patterson UTI Energy Inc NASDAQ PTEN Patterson UTI and NexTier Oilfield Solutions Inc NYSE NEX NexTier today announced that they have entered into a definitive merger agreement to combine in an all stock merger of equals transaction The combined company with an enterprise value of