Patterson-UTI Energy, Inc. (PTEN) - NASDAQ
  • Apr. 23, 2012, 12:37 PM

    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.

    | Apr. 23, 2012, 12:37 PM
Company Description
Patterson-UTI Energy, Inc. provides onshore contract drilling services to major and independent oil and natural gas operators in the continental United States, Alaska and western and northern Canada. It operates through the following segments: Contract Drilling, Pressure Pumping Services and Oil... More
Industry: Oil & Gas Drilling & Exploration
Country: United States