Patterson-UTI Energy (NASDAQ:PTEN) completed the acquisition of Ulterra Drilling Technologies, L.P., a provider of specialized drill bit solutions, for $370 million of cash and 34.9 million shares of Patterson-UTI common stock.
Patterson-UTI Energy Acquires Ulterra Drilling Technologies
Acquirer
Patterson-UTI Energy
→
Target
Ulterra Drilling Technologies
2023
Year
🇺🇸 United States
Country
Acquisition
Deal Type
Deal Value
Sector
Oilfield Services
Subsector
Drilling Services
Industry
Oilfield Services
Date Added
May 9, 2026
Status
Completed
🔒
Unlock Full Deal Intelligence
Get deal value, financial & legal advisors, asset capacity, expected close date, and source documents for this deal and every deal in our database of 311+ energy transactions.
News articles always free · Full database from $249/yr
Deal Description
Related Deals