^ "Patterson-UTI Energy Acquires Superior QC, A Directional Drilling Analytics Company" (Press release).^ "Recent blog posts - MS Energy News".^ "Seventy Seven Energy's Merger is Complete With Houston Company".^ "Patterson-UTI Energy Completes Merger with Seventy Seven Energy" (Press release).^ "Patterson-UTI Energy Announces Agreement to Acquire Drilling Technology Company" (Press release).^ "Patterson-UTI Energy Announces Agreement to Acquire Texas-Based Pressure Pumping Assets" (Press release).^ "Patterson and UTI Complete Merger".In October 2021, Patterson-UTI announced that it has completed the previously announced acquisition of Pioneer Energy Services.
In October 2018, the company acquired Current Power Solutions, Inc.
#Patterson uti xplan dodge software#
In February 2018, the company acquired Superior QC, a provider of software used to improve the accuracy of horizontal wellbore placement. In October 2017, the company acquired MS Energy Services (now MS Directional). The deal included Seventy Seven's affiliates: Great Plains Oilfield Rental, Nomac Drilling (now part of Patterson-UTI Drilling), and Performance Technologies (now part of Universal Pressure Pumping). In April 2017, the company acquired Seventy Seven Energy. In September 2016, the company acquired Warrior Rig.
Total consideration for the acquisition included the issuance of approximately 26.3 million shares of Patterson-UTI common stock and payment of 30 million of cash, which based on the most recent closing price for Patterson-UTI of 9.44 valued the transaction at approximately. In September 2014, the company acquired Texas-based pressure pumping assets. (NASDAQ: PTEN) today announced that it has closed its previously announced acquisition of Pioneer Energy Services Corp. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. Patterson-UTI Energy provides land drilling and pressure pumping services, directional drilling, rental equipment and technology to clients in the United States and western Canada.
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