M&A Deal Summary |
|
---|---|
Date | 2021-07-06 |
Target | Pioneer Energy Services |
Sector | Energy Services and Equipment |
Buyer(s) | Patterson-UTI |
Deal Type | Add-on Acquisition |
Deal Value | 295M USD |
Advisor(s) | Tudor, Pickering, Holt & Co., LLC (Financial) Vinson & Elkins (Legal) |
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Category | Company |
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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 | 8 of 9 |
Sector (Energy Services and Equipment) | 4 of 4 |
Type (Add-on Acquisition) | 6 of 7 |
State (Texas) | 5 of 6 |
Country (United States) | 7 of 8 |
Year (2021) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
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 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-03-08 |
Criterion Energy Partners
Houston, Texas, United States Criterion Energy Partners is a geothermal energy company that plans to develop distributed energy projects to help customers reduce emissions and improve operating efficiency using heat from the earth. The company's mission is to create a more sustainable future by making geothermal energy projects commercially viable everywhere. Key to its strategic advantage are Criterion Energy Partners' team of managers, associates, and advisors with extensive experience in Business Development, Finance, Legal, Drilling & Completions, Subsurface Engineering, Geology, Geophysics, and Data Science. Criterion Energy Partners touts value creation through its business model and tangible measurements, including (i) Emissions reductions, (ii) Power reliability, (iii) Long term cost stability, and (iv) Weather resiliency. Criterion Energy Partners was formed in 2021 and is based in Houston, Texas. |
Buy | - |