Patterson-UTI Energy

PTEN · NASDAQ

$11.63−$0.42 (−3.49%)TodayMarket closed ·
Prev close $12.05

About PTEN

Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment, and technology. The company is headquartered in Houston, Texas and currently employs 7,900 full-time employees. Its Drilling Services segment provides a comprehensive suite of directional drilling services in major producing onshore oil and natural gas basins in the United States, and it provides services that improve the statistical accuracy of wellbore placement for directional and horizontal wells. Its Completion Services segment consists of a well completion business consists of services for hydraulic fracturing, wireline and pumping, completion support, and cementing. Its Drilling Products segment engages in the manufacturing and distribution of drill bits throughout North America. The firm's drilling equipment is used in oil and natural gas exploration and production and in mining operations.

Employees
7,900
Headquarters
Houston, Texas
Listed
Nov 2, 1993
Sector
Energy
Industry
Energy Equipment & Services

Leadership

Patterson-UTI Energy executives
NameTitleSince
Curtis Huff——
William Hendricks—2012
Robert Drummond——
C. Andrew Smith——
James Holcomb——
Kenneth Berns—2001
Seth Wexler——
Tiffany Cepak——
Gary Halverson——
Cesar Jaime——
Janeen Judah——
Amy Nelson——
Julie Robertson——
James Stewart——

Revenue by product and region

Fiscal year ended Dec 31, 2022: $2.65B total revenue

By product

  • Contract Drilling$1.32B49.7%
  • Pressure Pumping$1.02B38.6%
  • Directional Drilling$216.50M8.2%
  • Other$92.01M3.5%

By region

  • U.S$2.58B97.4%
  • COLOMBIA$70.12M2.6%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Patterson-UTI Energy suppliers and customers
CompanyRelationshipCorrelation
Select Energy Services A WTTRSupplier0.90
Solaris Oilfield Infra A SOISupplier0.77

Similar companies

Companies in the same industry as Patterson-UTI Energy

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