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Mergers & Acquisitions

NexTier Oilfield and Patterson-UTI combine

NexTier Oilfield (NYSE: NEX), a leading provider of integrated completions focused on the most demanding land basins in the US, merged with Patterson-UTI (NASDAQ: PTEN), provides land drilling and pressure pumping services, directional drilling, rental equipment and technology to clients in the United States and western Canada, for $5.4 billion.

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