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Patterson-UTI Energy to acquire drilling technology company

Staff Writer |
Patterson-UTI Energy has entered into an agreement to acquire Warrior Rig and certain related entities.

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Based in Calgary, Warrior designs, manufactures and services high-spec rig components with a recent focus on top drive technology for improved drilling performance. The pending transaction is subject to customary closing conditions, and is expected to close promptly.

Andy Hendricks, Patterson-UTI' CEO, stated, "This acquisition will enhance our competitive position within the high-spec rig market and expand our technology portfolio.

"We are very excited by the innovative technology that Warrior offers, and we look forward to welcoming the highly talented group of people from Warrior into the Patterson-UTI family."

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