Patterson-UTI To Buy Seventy Seven For $1.76 Billion
Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
$1,760.0MM
Description
Acquired Oklahoma City-based Seventy Seven Energy in an all-stock transaction; deal solidifies Houston-based Patterson-UTI's position in the US land drilling market with 201 high-spec rigs, pro forma the transaction.