Patterson-Uti Energy
Patterson-UTI Energy, Inc. is a Houston-based company that provides onshore contract drilling services to oil and natural gas operators across the United States and Canada. The company operates through three primary segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. Its Contract Drilling segment focuses on regions such as west Texas, southeastern New Mexico, and parts of the Appalachian region, utilizing a fleet of 216 marketable land-based drilling rigs. The Pressure Pumping segment delivers well stimulation, cementing, and hydraulic fracturing services, while the Directional Drilling Services segment offers advanced tools and technologies to enhance drilling accuracy and efficiency. Additionally, Patterson-UTI Energy provides equipment services to drilling contractors and invests in oil and natural gas assets, primarily in Texas and New Mexico. Founded in 1978, the company is recognized for operating one of the largest and most technologically advanced drilling fleets in North America.
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Past deals in Natural Gas
NexTier Oilfield Solutions
Acquisition in 2023
NexTier Oilfield Solutions Inc. is a U.S.-based oilfield services company specializing in well completion and production services across various active basins. The company operates through two primary segments. The Completion Services segment offers hydraulic fracturing, wireline, and pump-down services, aimed at enhancing oil and natural gas production from formations with limited permeability. The Well Construction and Intervention Services segment provides cementing and coiled tubing services, utilizing custom-engineered equipment to ensure accurate annulus isolation and hydraulic sealing, while also offering technical guidance for optimizing well performance. NexTier serves a diverse clientele, including integrated and large independent oil and natural gas exploration and production companies, with a significant presence in West Texas and additional operations in the Northeast, Central, and international regions. Founded in 1973 and headquartered in Houston, Texas, NexTier is committed to delivering effective solutions tailored to the needs of its customers.
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