Patterson-UTI today announced the completion of its previously announced all-stock merger with NexTier Oilfield Solutions creating a leading provider of drilling and completions services in the United States. The combined company will retain the name Patterson-UTI Energy, Inc., continue trading under the ticker symbol PTEN and maintain its headquarters in Houston, Texas Andy Hendricks, President and Chief Executive Officer of Patterson-UTI, said, “We are excited to complete the merger of Patterson-UTI and NexTier, establishing us as a leading, technology-driven drilling and well completions business. The Company is well positioned to deliver value through our comprehensive portfolio, innovative offerings, significant free cash flow generation and strong financial position.” To read the full release click here: https://ow.ly/6e2P50PGP4I
Universal Pressure Pumping, Inc.
Oil and Gas
Houston, TX 12,005 followers
Universal Pressure Pumping is now NexTier Completion Solutions.
About us
Universal Pressure Pumping is now NexTier Completion Solutions.
- Website
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https://nextierofs.com/
External link for Universal Pressure Pumping, Inc.
- Industry
- Oil and Gas
- Company size
- 1,001-5,000 employees
- Headquarters
- Houston, TX
- Type
- Public Company
Locations
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Primary
Get directions
10713 W Sam Houston Pkwy N
Houston, TX 77064, US