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Patterson-UTI Energy

Patterson-UTI Energy

Average Rigs Operating Daily (US)

60

Q3, 2020

Revenue

$1.4 B

FY, 2021

Market Capitalization

$2.9 B

2022-09-20

Patterson-UTI Energy Summary

Company summary

Overview
Patterson-UTI Energy is an oilfield services company that primarily owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment. The company operates in three segments: contract drilling of oil and natural gas wells, contract drilling of oil and natural gas wells, directional drilling services. Its directional drilling services include directional drilling, downhole performance motors, measurement-while-drilling, wireline steering tools and services. Patterson-UTI Energy also services equipment for drilling contractors and provides electrical controls and automation to the energy, marine, and mining industries.
Type
Public
Founded
1978
HQ
Houston, TX, US | view all locations
Website
http://www.patenergy.com/
Cybersecurity rating
ESG rating
out of 100 | View all ESG data
Sectors

Key people

  • William A. Hendricks

    William A. Hendricks, President, Chief Executive Officer & Director

  • C. Andrew Smith

    C. Andrew Smith, Executive Vice President and Chief Financial Officer

  • Kenneth N. Berns

    Kenneth N. Berns, Executive Vice President and Chief Commercial Officer

    • Seth D. Wexler

      Seth D. Wexler, Senior Vice President, General Counsel and Secretary

    Operating MetricsView all

    Average Rigs Operating Daily (US)

    60
    57.7%

    Q3, 2020

    Rigs Operated Yearly

    189
    2.1%

    FY, 2019

    Drilling Rigs (Canada)

    6

    FY, 2019

    LocationsView all

    40 locations detected

    • Houston, TX HQ

      United States

      10713 West Sam Houston Pkwy N #800

    • Boulder, WY

      United States

      3 Larry Lozier Rd

    • Canonsburg, PA

      United States

      4000 Town Center Blvd #240

    • Cleburne, TX

      United States

      3205 Windmill Rd

    • Conroe, TX

      United States

      3335 Pollok Dr

    • Denver, CO

      United States

      1660 Wynkoop St #1100

    and 34 others

    Patterson-UTI Energy Financials

    Summary financials

    Revenue (Q2, 2022)
    ($4.8M)

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