The purchase includes 143 250 horsepower of hydraulic fracturing equipment, which was manufactured in 2011 and 2012, and provides Patterson-UTI with two additional bases of operations and employees to support customer activity in the Eagle Ford and Haynesville shale plays.
Andy Hendricks, Patterson-UTI’s CEO, said: “This equipment has not been heavily operated since it was introduced to the market at a time of reduced demand for pressure pumping services. We believe the assets to be well-maintained, in very good condition and in line with our high standards.”