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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (6195)	12/29/1997 9:15:00 AM
From: RealMuLan	Read Replies (1) \| Respond to of 95453

News on PTEN: Monday December 29, 7:29 am Eastern Time Patterson to buy Robertson for $40 mln SNYDER, Texas, Dec 29 (Reuters) - Patterson Energy Inc said Monday it would acquire privately held Robertson Onshore Drilling Co of Dallas for $40 million. After the acquisition, Patterson's fleet will total 114 land drilling rigs, the company said in a statement. Robertson owns 15 fully operable drilling rigs -- 10 in East Texas and five in Mississippi -- and a yard in Liberty City, Texas. Robertson's drilling rigs have drilling depth capacities of 6,000 to 16,000 feet. Consummation of the acquisition is subject to, among other terms, execution of a definitive agreement. Patterson is a provider of domestic land drilling services to major and independent oil and gas companies and is also engaged in development, exploration, acquisition and production of oil and natural gas.