NexTier Oilfield Solutions Inc. (NYSE:NEX) will look for mergers and acquisitions. During the Solutions Second Quarter 2022 Conference Call, Robert Drummond, Chief Executive Officer, said that “for 2022, we continue to plan to use this free cash flow to bolster our liquidity and reduce net leverage, driving quickly to our ultimate capital structure goal of 0 net debt, which we believe we can achieve early in 2023. We will remain flexible with our capital allocation strategy thereafter, prioritizing maintaining a strong and liquid balance sheet affording us significant optionality through the cycle and providing opportunities for continued investment in the highest return projects, including accretive M&A transactions”.