Houston-based Patterson-UTI Energy Inc. (PTEN) plans to expand its pressure pumping services for hydraulic fracturing (fracing) operations in the Barnett and Eagle Ford shales, and in the Permian Basin, after striking a $237.7 million cash deal with Key Energy Services Inc.
Patterson
Articles from Patterson
Patterson-UTI Sees ‘Renewal of Optimism’ for Onshore Drilling
North American onshore drilling contractor Patterson-UTI Energy Inc. (PTEN) has seen an uptick “in all segments” but steep declines in hydraulic fracturing and cementing services in North American operations, coupled with reduced pricing for services, sent BJ Services Co. earnings into a spiral in fiscal 1Q2010.
February 15, 2010
Patterson-UTI Sees ‘Renewal of Optimism’ in Onshore Drilling Market
North American onshore drilling contractor Patterson-UTI Energy Inc. (PTEN) has seen an uptick “in all segments” but it’s particularly strong in the Marcellus, Haynesville and Bakken shale plays, the company’s management team said Thursday.
February 12, 2010
Patterson-UTI Sees ‘Renewal of Optimism’ in Onshore Drilling Market
North American onshore drilling contractor Patterson-UTI Energy Inc. (PTEN) has seen an uptick “in all segments” but it’s particularly strong in the Marcellus, Haynesville and Bakken shale plays, the company’s management team said Thursday.
February 12, 2010
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