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Patterson-UTI Energy, Inc. (PTEN)

- NASDAQ
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  • 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.
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Company Description
Patterson-UTI Energy Inc is a provider of contract services to the oil and natural gas industry. It operates in three segments namely contract drilling services, pressure pumping services, and oil and natural gas exploration and production.