Patterson-UTI Energy, Inc. (PTEN)
NASDAQ: PTEN · Real-Time Price · USD
6.10
0.00 (-0.08%)
Apr 25, 2025, 4:00 PM EDT - Market closed

Company Description

Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States and internationally.

It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment engages in the provision od contract and directional drilling, and measurement-while-drilling (MWD) services in onshore oil and natural gas basins; supply and rental of downhole performance motors, such as Mpact drilling motors, and Mpower MWD systems; electrical controls and automation to the energy, marine and mining industries; and servicing and re-certification of equipment for drilling contractors.

This segment also provides software and services, such as MWD Survey Fault Detection, Isolation and Recovery (FDIR) services, 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; and HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir.

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

The Drilling Products segment engages in the design, manufacture, sale, and rental of matrix and steel-bodied polycrystalline diamond compact drill bits.

It also rents oilfield tools; and offers specialized services for land-based oil and natural gas drilling, completion, and workover activities.

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 9,200
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
Stock Type Common Stock
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 CPA Executive Vice President and Chief Financial Officer
Seth D. Wexler J.D. Executive 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
Forrest Robinson Chief Accounting 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

Latest SEC Filings

Date Type Title
Apr 24, 2025 8-K Current Report
Apr 10, 2025 ARS Filing
Apr 10, 2025 DEFA14A Additional definitive proxy soliciting materials and Rule 14(a)(12) material
Apr 10, 2025 DEF 14A Other definitive proxy statements
Apr 3, 2025 8-K Current Report
Mar 7, 2025 144 Filing
Mar 7, 2025 144 Filing
Feb 14, 2025 144 Filing
Feb 11, 2025 10-K Annual Report
Feb 6, 2025 8-K Current Report