XML 56 R45.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Business Combinations - Schedule of Fair Value of Consideration Transferred (Details) - USD ($)
$ / shares in Units, $ in Thousands
Sep. 01, 2023
Aug. 14, 2023
Mar. 31, 2024
Dec. 31, 2023
Business Acquisition [Line Items]        
Number of shares common stock outstanding (in shares)     403,807,871 411,195,302
Ulterra Drilling Technologies, L.P.        
Business Acquisition [Line Items]        
Shares of our common stock issued (in shares)   34,900,000    
Plus net cash consideration   $ 375,740    
Common stock price (in usd per share)   $ 14.94    
Common stock equity consideration   $ 521,406    
Total consideration transferred   897,146    
Net cash consideration   $ 370,000    
NexTier Oilfield Solutions Inc.        
Business Acquisition [Line Items]        
Number of shares common stock outstanding (in shares) 228,846,000      
Common stock consideration, shares issued (in shares) 0.752      
Shares of our common stock issued (in shares) 172,092,000      
Common stock price (in usd per share) $ 14.91      
Common stock equity consideration $ 2,565,895      
Acceleration of RSU awards 1,997      
Fair value of replacement equity awards 70,416      
NexTier long-term debt repaid by Patterson-UTI Energy, Inc. 161,000      
Total consideration transferred $ 2,799,308