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M&A Deal Summary

Cactus Drilling Acquires Unit Drilling

On October 2, 2025, Cactus Drilling acquired oil/gas exploration company Unit Drilling for 120M USD

Acquisition Highlights
  • This is Cactus Drilling’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Cactus Drilling’s largest (disclosed) transaction.
  • This is Cactus Drilling’s 1st transaction in the United States.
  • This is Cactus Drilling’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2025-10-02
Target Unit Drilling
Sector Oil/Gas Exploration
Buyer(s) Cactus Drilling
Deal Type Divestiture
Deal Value 120M USD

Target

Unit Drilling

Tulsa, Oklahoma, United States
Unit Drilling offers super-spec, pad-optimal rigs with crews. Unit Drilling was founded in 1963 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Cactus Drilling

Oklahoma, Oklahoma, United States
Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

Cactus Drilling is a privately held domestic land drilling contractor that operates a fleet of high?specification drilling rigs. Cactus Drilling was founded in 2002 and is based in Oklahoma, Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
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