Patterson-UTI Energy Inc.

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8.24
-0.16 (-1.90%)
At close: Jan 28, 2025, 2:02 PM

Company Description

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally.

It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services.

The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia.

As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs.

The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region.

The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration.

It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico.

Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

Patterson-UTI Energy Inc.
Patterson-UTI Energy Inc. logo
Country United States
IPO Date Nov 2, 1993
Industry Oil & Gas Drilling
Sector Energy
Employees 10,600
CEO William Andrew Hendricks Jr.

Contact Details

Address:
10713 West Sam Houston Parkway North
Houston, Texas
United States
Website https://www.patenergy.com

Stock Details

Ticker Symbol PTEN
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency USD
CIK Code 0000889900
CUSIP Number 703481101
ISIN Number US7034811015
Employer ID 75-2504748
SIC Code 1381

Key Executives

Name Position
William Andrew Hendricks Jr. President, Chief Executive Officer & Director
C. Andrew Smith CPA Executive Vice President & Chief Financial Officer
Diana Dotolo Senior Vice President of Human Resources
James Michael Holcomb Executive Vice President & Chief Business Officer
Kathryn Roark Senior Vice President of Sustainability, Diversity & Culture
Kenneth N. Berns CPA Executive Vice President & Chief Commercial Officer
Marty Unrein Senior Vice President of Sales & Marketing
Matt Pye Senior Vice President of Industry Affairs
Michael James Sabella Vice President of Investor Relations
Seth D. Wexler J.D. Senior Vice President, General Counsel & Secretary

Latest SEC Filings

Date Type Title
Jan 07, 2025 8-K Current Report
Jan 03, 2025 4 Filing
Jan 03, 2025 4 Filing
Jan 03, 2025 4 Filing
Jan 03, 2025 4 Filing
Jan 03, 2025 4 Filing
Jan 03, 2025 4 Filing
Jan 03, 2025 4 Filing
Jan 03, 2025 4 Filing
Jan 03, 2025 4 Filing