Onshore driller Patterson-UTI Energy is buying service company Seventy Seven Energy, which emerged from bankruptcy in August, for $1.42 billion

摘要

The combined company would own more than 200 drilling rigs, and add Seventy Seven’s hydraulic fracturing and rental tools businesses to Patterson-UTI. Patterson-UTI Chairman Mark Siegel said the deal will take advantage of a return to drilling activity in North America.