U.S. oilield service firm Patterson-UTI Energy PTEN has agreed to buy Ulterra Drilling Technologies, a global leader in specialized drill bit solutions. This strategic acquisition aims to enhance ...

Patterson-UTI Energy PTEN reported that it has closed its agreement to acquire Ulterra Drilling Technologies. This significant acquisition, valued at $370 million in cash and 34.9 million common ...

FORT WORTH, Texas, Oct. 10 /PRNewswire/ -- Ulterra Drilling Technologies(TM), a manufacturer of specialized oilfield drill bits and measurement-while-drilling (MWD) tools, has named Bob Iversen as its ...

Fort Worth-based Ulterra has more than 600 employees worldwide, but its tight-knit culture feels like a small community. In its first decade of business, employees turned a small drill bit company ...

Patterson-UTI Energy, Inc. PTEN plans to acquire Ulterra Drilling Technologies for $370 million cash and 34.9 million shares of PTEN common stock. Fort Worth, Texas-based privately-owned Ulterra ...

Patterson-UTI to Host Conference Call Today at 7:30 a.m. CT (8:30 a.m. ET) The pending transaction, which is expected to close in the third quarter of 2023, is subject to customary closing conditions ...