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Patterson-UTI Energy Acquires Global Ulterra Drilling Technologies In Cash & Stock Deal

Benzinga

Patterson-UTI Energy, Inc. Fort Worth, Texas-based privately-owned Ulterra designs, manufactures, sells and rents PDC drill bits. For 2023, the company expects Ulterra to generate $160 million-$180 million of EBITDA, generating revenue synergies within the first year. million shares of PTEN common stock.

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PDC Energy, Inc. Completes Great Western Acquisition

Benzinga

DENVER, May 06, 2022 (GLOBE NEWSWIRE) -- PDC Energy, Inc. NASDAQ: PDCE ) ("PDC" or the "Company") today announced that it has completed its acquisition of Great Western Petroleum, LLC ("Great Western"), a privately held company based in Denver. PDC shares this commitment, and we will.