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NexTier Oilfield Solutions announced a merger with Patterson UTI. - 2
The company shares closed at $8.84 in yesterday’s trading session.
Global oil and gas production is going through a rough patch, majorly due to declining natural supply. Shares of NexTier Oilfield Solutions (NYSE: NEX), a wells completions service provider, witnessed volatility in momentum over a span of two days. NEX stock closed over 7% down yesterday since its previous close.
The Merger May Produce Largest Pressure Pumper in North America
Reuters reported that the company has announced a merger with Patterson UTI, a land drilling and pressure pumping service …
Source: https://www.thecoinrepublic.com/2023/06/17/nex-stock-price-loses-momentary-gain-at-the-weekend-close/