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Patterson-UTI Energy

#3440

Rank

$3.33B

Marketcap

US United States

Country

Patterson-UTI Energy
Leadership team

Mr. William Andrew Hendricks Jr. (Pres, CEO & Director)

Mr. C. Andrew Smith (Exec. VP & CFO)

Mr. Seth D. Wexler (Sr. VP, Gen. Counsel & Sec.)

Products/ Services
Energy
Number of Employees
1,000 - 20,000
Headquarters
Houston, Texas, United States
Established
1978
Company Registration
SEC CIK number: 0000889900
Revenue
Above - 1B
Traded as
PTEN
Social Media
Overview
Location
Summary
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.
History

Patterson-UTI Energy, Inc. was founded in 1978 as a land exploration and drilling business. The company expanded rapidly, and as of 2019, is one of the largest onshore, oil and natural gas drilling contractors in North America. It operates through two segments – Contract Drilling, and Pressure Pumping and Other.

Mission
we are committed to providing a safe, incident-free work environment for all.
Vision
Our vision is to maximize shareholder value through organic and capital growth, while maintaining a culture of safety and service.
Key Team

Mr. Kenneth N. Berns CPA (Exec. VP & Chief Commercial Officer)

Mr. James Michael Holcomb (Pres of UTI Drilling Company LLC)

Mr. James Michael Drickamer (VP of Investor Relations)

Recognition and Awards
The company has won numerous awards such as the National Oil and Gas Industry Safety Award and The Texas Petroleum Industry Humanitarian and Conservation Award. The company has also been recognized as a top employer in Texas in the Petroleum Field.
References
Patterson-UTI Energy
Leadership team

Mr. William Andrew Hendricks Jr. (Pres, CEO & Director)

Mr. C. Andrew Smith (Exec. VP & CFO)

Mr. Seth D. Wexler (Sr. VP, Gen. Counsel & Sec.)

Products/ Services
Energy
Number of Employees
1,000 - 20,000
Headquarters
Houston, Texas, United States
Established
1978
Company Registration
SEC CIK number: 0000889900
Revenue
Above - 1B
Traded as
PTEN
Social Media