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AmextaFinance > Investing > Patterson-UTI Energy to merge with NexTier Oilfield in latest oil-field-services sector tie-up
Investing

Patterson-UTI Energy to merge with NexTier Oilfield in latest oil-field-services sector tie-up

News Room
Last updated: 2023/06/15 at 11:42 AM
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Patterson-UTI Energy Inc. and NexTier Oilfield Solutions Inc. said Thursday they have reached an agreement to conduct a merger of equals in an all-stock deal with an enterprise value of $5.4 billion.

The deal comes after the Wall Street Journal reported that the two Houston-based companies were in talks earlier this week and comes at a time of consolidation in the oil-field-services industry.

Patterson-UTI’s…

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News Room June 15, 2023 June 15, 2023
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