Patterson buys rest of TMBR/SharpPrice, which includes 18 rigs, is $110 million in stock and cash Petroleum News Houston Staff
Patterson-UTI, the second biggest land driller in North America, has agreed to buy the remaining 80 percent of TMBR/Sharp Drilling in a cash and stock deal valued at $110 million.
The transaction would give Texas-based Patterson-UTI an additional 18 rigs to ago along with its current fleet of 340 ri....
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Expected to close within four months
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