Patterson-UTI Energy PTEN reported that it has closed its agreement to acquire Ulterra Drilling Technologies. This significant acquisition, valued at $370 million in cash and 34.9 million common ...

U.S. oilield service firm Patterson-UTI Energy PTEN has agreed to buy Ulterra Drilling Technologies, a global leader in specialized drill bit solutions. This strategic acquisition aims to enhance ...

Fort Worth-based Ulterra has more than 600 employees worldwide, but its tight-knit culture feels like a small community. In its first decade of business, employees turned a small drill bit company ...

Patterson-UTI Energy, Inc. PTEN plans to acquire Ulterra Drilling Technologies for $370 million cash and 34.9 million shares of PTEN common stock. Fort Worth, Texas-based privately-owned Ulterra ...

FORT WORTH, Texas, March 12, 2012 /CNW/ - For the first time, a single Ulterra bit has drilled the entire intermediate section of the Tattoo field, located in Northwest Canada. An 8.5" (216mm) U513M ...

Patterson-UTI to Host Conference Call Today at 7:30 a.m. CT (8:30 a.m. ET) The pending transaction, which is expected to close in the third quarter of 2023, is subject to customary closing conditions ...

NEW YORK--(BUSINESS WIRE)--Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies (“Ulterra ...

PORTLAND, Ore.--(BUSINESS WIRE)--ESCO Corporation, a leading designer and manufacturer of highly engineered wear products for the mining, infrastructure, power generation, aerospace and industrial ...

New York, July 18, 2016 – American Securities LLC, a leading U.S. private equity firm, today announced its acquisition of Ulterra Drilling Technologies, L.P. (“Ulterra” or the “Company”) in ...