Kirkland Advises NexTier Oilfield Solutions on Merger of Equals With Patterson-UTI Energy
Kirkland & Ellis advised NexTier Oilfield Solutions Inc. on a definitive merger agreement to combine in an all-stock merger of equals transaction with Patterson-UTI Energy, Inc. The combined company, with an enterprise value of approximately $5.4 billion, will be an industry leading drilling and completions services provider with operations in the most active major U.S. basins, and strong free cash flow to accelerate the return of capital to shareholders.
Read the transaction press release
The Kirkland team was led by corporate partners Sean Wheeler, Adam Larson and Camille Walker, and included capital markets partner Julian Seiguer; antitrust & competition partners Ian John and Chuck Boyars; executive compensation partners Stephen Jacobson, Rob Fowler and Stephanie Jeane; and tax partner David Wheat.
