Also included are related drilling equipment, four yard facilities and a rig moving fleet consisting of approximately 45 trucks and 100 trailers. According to the terms of the transaction, Patterson-UTI Energy will pay Key Energy $62 million cash for the assets at closing.
The transaction is subject to customary conditions, including filings under the Hart-Scott-Rodino Antitrust Improvements Act.
Most Popular Articles
From the Career Center
Jobs that may interest you