subject: Aarkstore Enterprise - Patterson-uti Energy To Acquire Drilling Assets From Key Energy Services [print this page] Aarkstore announce a new report "Patterson-UTI Energy To Acquire Drilling Assets From Key Energy Services: A Move To Increase Its Pressure Pumping Capacity, And Expand Its Operations Deal Analysis " through its vast collection of market research report.
Summary
Patterson-UTI Energy, Inc. (Patterson-UTI) intends to acquire pressure pumping and electric wireline operations in the Barnett Shale, Eagle Ford Shale and Permian Basin regions, from Key Energy Services, Inc. (Key Energy) a provider of onshore well service rigs, for a purchase consideration of $237.7 million. The company entered into a $250 million credit agreement to fund the transaction.
The acquisition will enable Patterson-UTI to increase its pressure pumping capacity, and expand its operations to the Barnett Shale, Eagle Ford Shale and Permian Basin region.
Scope
Rationale behind Patterson-UTI acquiring assets from Key Energy
Strategic Benefits for the companies involved
Geography covered - US
Deal Financials and Valuations
Information on Patterson-UTI, Key Energy
Reasons to buy
Develop a sound undestanding of the major M&As, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry
Identify the most lucrative segments to leverage on the growth oppurtunities available in the US oil & gas market
Get a detailed analysis of a deal to enable you to take better decisions
Know about the major companies, which are adopting a divestment or acquisition strategy to enhance their business portfolios
Learn about the key fiancial advisors in a particular segment in the Oil & Gas Industry
Understand the various means of raising funds from the market.
