Oilfield services provider Tetra Technologies (TTI +1.1%) will buy Patterson-UTI Energy's (PTEN...

|About: Tetra Technologies Inc. (TTI)|By:, SA News Editor

Oilfield services provider Tetra Technologies (TTI +1.1%) will buy Patterson-UTI Energy's (PTEN +1.4%) fracking services unit for $42.5M in cash to expand into the Marcellus and Utica shales. PTEN expects to record a $20M gain in its Q2 related to the deal.