Patterson-UTI Energy, Inc. (PTEN)
NASDAQ: PTEN · Real-Time Price · USD
7.61
+0.19 (2.56%)
At close: Nov 4, 2024, 4:00 PM
7.73
+0.12 (1.56%)
After-hours: Nov 4, 2024, 5:58 PM EST

Company Description

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

It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries.

The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses.

The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools.

The company was founded in 1978 and is headquartered in Houston, Texas.

Patterson-UTI Energy, Inc.
Patterson-UTI Energy logo
Country United States
Founded 1978
IPO Date Nov 2, 1993
Industry Oil & Gas Drilling
Sector Energy
Employees 10,600
CEO William Hendricks

Contact Details

Address:
10713 West Sam Houston Parkway North, Suite 800
Houston, Texas 77064
United States
Phone 281 765 7100
Website 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 and Director
C. Andrew Smith Executive Vice President and Chief Financial Officer
Seth D. Wexler Senior Vice President, General Counsel and Secretary
Kenneth N. Berns CPA Executive Vice President and Chief Commercial Officer
James Michael Holcomb Executive Vice President and Chief Business Officer
Michael James Sabella Vice President of Investor Relations
Marty Unrein Senior Vice President of Sales and Marketing
Diana Dotolo Senior Vice President of Human Resources
Matt Pye Senior Vice President of Industry Affairs
Kathryn Roark Senior Vice President of Sustainability, Diversity and Culture

Latest SEC Filings

Date Type Title
Oct 28, 2024 10-Q Quarterly Report
Oct 24, 2024 8-K Current Report
Oct 18, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Sep 30, 2024 8-K Current Report
Sep 3, 2024 8-K Current Report
Sep 3, 2024 8-K Current Report
Jul 29, 2024 10-Q Quarterly Report
Jul 25, 2024 8-K Current Report
Jun 18, 2024 144 Filing
Jun 6, 2024 8-K Current Report