M&A Deal Summary |
|
|---|---|
| Date | 2017-04-20 |
| Target | Seventy Seven Energy |
| Sector | Energy Services and Equipment |
| Buyer(s) | Patterson-UTI |
| Deal Type | Merger |
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| Category | Company |
|---|---|
| Founded | 1978 |
| Sector | Oil/Gas Exploration |
| Employees | 3,000 |
| Revenue | 4.1B USD (2023) |
Patterson-UTI provide onshore contract drilling and pressure pumping services, operate land-based drilling rigs in oil and natural gas producing regions to exploration and production companies in North America. Patterson-UTI was founded in 1978 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 9 |
| Sector (Energy Services and Equipment) | 3 of 4 |
| Type (Merger) | 1 of 1 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 5 of 8 |
| Year (2017) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-14 |
Warrior Rig
Calgary, Alberta, Canada Warrior Rig Ltd. is a designer and manufacturer of high-spec rig components with a recent focus on top drive technology for improved drilling performance. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-05 |
MS Directional
Conroe, Texas, United States MS Directional is a provider of directional drilling services in the United States. With operations in most major producing onshore oil and gas basins in the United States, MS Energy provides a comprehensive suite of directional drilling services including directional drilling, downhole performance motors, directional surveying, measurement while drilling ("MWD"), and wireline steering tools. MS Directional was founded in 1980 and is based in Conroe, Texas. |
Buy | $215M |
