 HOUSTON, Oct. 4, 2021 PRNewswire -- PATTERSON-UTI ENERGY, INC. NASDAQ: PTEN today announced that it has closed its previously announced acquisition of Pioneer Energy Services Corp. Total consideration for the acquisition included the issuance of approximately 26.3 million shares of Patterson-UTI common stock and payment of 30 million of cash, which based on the most recent closing price for Patterson-UTI of 9.44 valued the transaction at approximately 278 million, including the retirement of all Pioneer Energy Services debt. 