Service & Supply | General News | Oilfield Services | Frac Markets - Pressure Pumping
Patterson-UTI Mulling Sale of Pressure Pumping Biz
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Patterson-UTI is considering selling off its pressure pumping business, according to a report by Reuters.
Should a deal for the assets emerge, it could fetch up to $1.0 billion.
This potential move comes after shareholders and investors in Patterson-UTI have pressured the company to consolidate its business and increase its overall returns.
More will be posted on this story as it develops.
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