Patterson-UTI Energy Acquires Global Ulterra Drilling Technologies In Cash & Stock Deal
Benzinga
JULY 5, 2023
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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