Filed by NexTier Oilfield Solutions Inc. pursuant to
Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: NexTier Oilfield Solutions Inc.
Commission File No. 001-37988
On June 30, 2023, a video with the following transcript was sent to NexTier field employees:
NexTier Field Employee Video Transcript
Hello, everyone. Its been an exciting last two weeks for NexTier! On June 15, we announced an agreement to merge two great Houston companies
NexTier Oilfield Solutions and Patterson-UTI.
Im Robert Drummond, President and CEO of NexTier, and
Im delighted to discuss this news and the exciting opportunities it is going to create.
This merger of equals creates a new company that is
stronger than the two individual entities. Together, we are going to build a company focused on unconventional shale development with the resources to help our customers achieve their production goals and provide affordable energy for our country
and the whole world. We will combine our talents, expertise and shared vision to create an industry leading drilling and completions services provider.
Weve received lots of positive feedback about this transaction from our customers, partners, suppliers, shareholders and most importantly, from our
employees. All of this makes us even more excited about the significant growth opportunities ahead for our business and for our people, you guys.
Patterson-UTI is a leading provider of drilling and completions oilfield services and products in the U.S. It has operations across most of the active basins in North America. We know their team well and have a deep
respect for the company they have built.
Patterson-UTIs operations are highly complementary to our own and
have many complementary and similar customers. Our combined company will be a true industry leader, better positioned than ever to serve our customers with best-in-class
operations and technology.
Patterson-UTI brings one of the strongest drilling solutions portfolios in the
industry. By combining their solutions with our completions portfolio, we will be able to support a greater number of customers across geographies and throughout the full well life cycle. Together, we will offer customers a truly comprehensive suite
of wellsite solutions, strengthening our position as the partner of choice.
Furthermore, our additional resources will enable us to accelerate our
transition to more a fuel-efficient fleet, it will enhance our digital capabilities and progress our wellsite integration strategy.
The benefits for our
employees are also compelling. Both NexTier and Patterson-UTI bring a strong track record of investing in our employees through competitive benefit offerings, compensation that is market leading, and
professional development opportunities.