Not a subscriber? Sign up for The Texas Lawbook. Remember me Lost your password? Password Username Houston-based Patterson-UTI Energy has agreed to acquire Oklahoma City-based Seventy Seven Energy in an all-stock transaction valued at $1.76 billion, which will continue Patterson-UTI’s momentum as one of the leading high-spec oil rig makers in the country, the companies said this week . . .You must be a subscriber to The Texas Lawbook to access this content.