Patterson-UTI completes acquisition of Ulterra Drilling Technologies

Patterson-UTI Energy completed the acquisition of Ulterra Drilling Technologies for $370 million in cash and 34.9 million shares of common stock. Ulterra is a global provider of specialized drill bit solutions.

“Patterson-UTI Energy, Inc. has completed the acquisition of Ulterra Drilling Technologies, L.P., a global provider of specialized drill bit solutions.”worldoil.com

• 1 source
• worldoil.comPatterson-UTI completes Ulterra Drilling Technologies acquisitionWorld Oil StaffAug 15, 2023

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