inter LES the former lyash()1 Background Patterson-UTI (NASDAQ:PTEN) is a U.S. land focused oilfield services company that offers both drilling and completion services. The merger with NexTier expanded the completions portfolio, while the subsequent acquisition of Ulterra added a smaller drill bits business. . U.S. olifield services are in a cyclical downturn. The common impulse is to link these ups and downs to oil prices, but the current stituation has more to do with natural gas VAL US OIl Rig Count (I:U ...