Patterson-UTI Energy, NexTier Oilfield Solutions announce $5.4bn all-stock merger
Patterson-UTI Energy and NexTier Oilfield Solutions have unveiled plans to combine in an all-stock merger of equals transaction, forming an industry leading drilling and completions services provider with a total enterprise value of $5.4 billion. With operations spanning the most active major US basins, the merged entity is expected to generate robust free cash flow, […]