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Business Combination - Schedule of Fair Value of Consideration Transferred (Details)
$ / shares in Units, $ in Thousands
Sep. 01, 2023
USD ($)
$ / shares
shares
Aug. 14, 2023
USD ($)
$ / shares
shares
Sep. 30, 2023
shares
Dec. 31, 2022
shares
Business Acquisition [Line Items]        
Number of shares common stock outstanding | shares     417,303,286 213,567,131
Ulterra Drilling Technologies, L.P. [Member]        
Business Acquisition [Line Items]        
Shares of our common stock issued to nextier Oilfield | shares   34,900,000    
Common stock price | $ / shares   $ 14.94    
Common stock equity consideration   $ 521,406    
Plus net cash consideration [1]   375,740    
Total consideration transferred   $ 897,146    
NexTier Oilfield Solutions Inc. [Member]        
Business Acquisition [Line Items]        
Number of shares common stock outstanding | shares 229,022,000      
Multiplied by the exchange ratio 0.752      
Shares of our common stock issued to nextier Oilfield | shares 172,224,000      
Common stock price | $ / shares $ 14.91      
Common stock equity consideration $ 2,567,872      
Acceleration of RSU awards 1,997      
Fair value of replacement equity awards [2] 70,416      
NexTier long-term debt repaid by Patterson-UTI 161,000      
Total consideration transferred $ 2,801,285      
[1] Net cash consideration included $370 million cash consideration as adjusted for customary purchase price adjustments set forth in the Ulterra merger agreement relating to cash, net working capital, indebtedness and transaction expenses of Ulterra as of the closing. The adjustment is subject to a post-closing target net working capital adjustment in accordance with the Ulterra merger agreement.
[2] In connection with the merger, each of the share-based awards held by legacy NexTier employees were replaced with our share-based awards on the merger date. The fair value of the replacement awards has been allocated between each employee’s pre-combination and post-combination services. Amounts allocated to pre-combination services have been included as consideration transferred as part of the merger. See Note 12 for replacement awards details.