Patterson-uti energy announces agreement to acquire global drill bit company, ulterra

Ulterra is a leading provider of highly engineered polycrystalline diamond compact ("pdc") drill bits in north america with a growing international presence consideration comprised of $370 million of cash and 34.9 million shares of patterson-uti common stock ulterra's data-centric approach expands patterson-uti's drilling and completions related data analytics technology for improved performance patterson-uti to host conference call today at 7:30 a.m. ct (8:30 a.m.
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