Patterson-UTI Energy 与 NexTier 完成 $5.4B 合并

Patterson-UTI 和 NexTier Oilfield Solutions 的合并汇集了拥有 172 台超规格钻机的合同钻井业务车队和拥有 330 万水力压裂马力的完井业务。

哈特能源员工

Patterson-UTI Energy Inc.NexTier Oilfield Solutions Inc.于 9 月 1 日表示,在完成合并后,两家公司正式成为一家公司,合并后创建了一家价值 54 亿美元的单一油田服务提供商。

Patterson-UTI 表示,此次合并将打造美国领先的钻井和完井服务提供商。合并后的公司将保留 Patterson-UTI 名称,继续以股票代码 PTEN 进行交易,并将总部保留在休斯顿。


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Patterson-UTI 表示,它提供美国“最全面的钻井和完井运营数据”,包括拥有 172 台超规格钻机的合同钻井业务船队。其完井业务将以 NexTier Completions 品牌运营,提供 330 万水力压裂马力。

Patterson-UTI 总裁兼首席执行官 Andy Hendricks 表示,此次合并使该公司成为一家领先的技术驱动型钻井和完井企业。

“公司处于有利位置,可以通过我们全面的产品组合、创新产品、大量的自由现金流产生和强劲的财务状况来创造价值,”他说。“凭借出色的联合团队和集体的整合记录,我们有信心能够迅速起步并成功地将业务整合在一起。我们期待着欢迎 NexTier 同事并共同开启新的篇章。”

该公司还预计,此次交易将在 2024 年增加每股收益和自由现金流。预计交易完成后 18 个月内,年度成本节省和运营协同效应将达到约 2 亿美元。

该公司在一份新闻稿中表示,“atterson-UTI 打算以高自由现金流转换为目标,继续做好资本管家,并继续其目标是将 50% 的自由现金流回报给股东的做法。”

除了亨德里克斯担任总裁兼首席执行官之外,公司的领导团队还将包括:

  • 安迪·史密斯,首席财务官;
  • 迈克·霍尔科姆,首席商务官;
  • Matt Gillard,NexTier 完成解决方案总裁;
  • 肯·伯恩斯,首席商务官;
  • Seth Wexler,总法律顾问兼秘书;
  • Kenny Pucheu,首席整合官。
原文链接/hartenergy

Patterson-UTI Energy, NexTier Complete $5.4B Merger

The combination of Patterson-UTI and NexTier Oilfield Solutions brings together a contract drilling business fleet with 172 super-spec drilling rigs and a completions business with 3.3 million hydraulic fracturing horsepower.

Hart Energy Staff

Patterson-UTI Energy Inc. and NexTier Oilfield Solutions Inc. are officially one company after completing a merger that creates a single oilfield service provider valued at $5.4 billion, the companies said on Sept. 1.

The combination creates a leading provider of drilling and completions services in the U.S., Patterson-UTI said. The combined company will retain the name Patterson-UTI, continue trading under the ticker symbol PTEN and maintain its headquarters in Houston.


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Patterson-UTI said it offers the “most comprehensive set of drilling and completions operational data” in the U.S., including a contract drilling business fleet with 172 super-spec drilling rigs. Its well completions business, which will operate under the NexTier Completions brand, offers 3.3 million hydraulic fracturing horsepower.

Patterson-UTI President and CEO Andy Hendricks said the merger establishes the company as a leading technology-driven drilling and well completions business.

“The company is well positioned to deliver value through our comprehensive portfolio, innovative offerings, significant free cash flow generation and strong financial position,” he said. “With an outstanding combined team and collective track record of integrations, we are confident we will hit the ground running and successfully bring the businesses together. We look forward to welcoming our NexTier colleagues and starting this new chapter together."

The company also expects the transaction to be accretive to earnings per share and free cash flow in 2024. Anticipated annual cost savings and operational synergies will total approximately $200 million within 18 months following the closing of the deal.

“Patterson-UTI intends to target high free cash flow conversion, remain good stewards of capital and continue its practice of targeting a return of 50% of free cash flow to shareholders,” the company said in a press release.

In addition to Hendricks role as president and CEO, the company’s leadership team will be comprised of:

  • Andy Smith, CFO;
  • Mike Holcomb, chief business officer;
  • Matt Gillard, NexTier Completion Solutions president;
  • Ken Berns, chief commercial officer;
  • Seth Wexler, general counsel and secretary; and
  • Kenny Pucheu, chief integration officer.