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.
| Country | United States |
| Founded | 1978 |
| IPO Date | Nov 2, 1993 |
| Industry | Oil & Gas Drilling |
| Sector | Energy |
| Employees | 10,600 |
| CEO | William Andrew Hendricks Jr. |
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 |
|---|---|---|
| Apr 11, 2024 | ARS | Filing |
| Apr 11, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Apr 11, 2024 | DEF 14A | Other definitive proxy statements |
| Apr 1, 2024 | PRE 14A | Other preliminary proxy statements |
| Feb 29, 2024 | 144 | Filing |
| Feb 27, 2024 | 10-K | Annual Report |
| Feb 23, 2024 | S-8 POS | Securities to be offered to employees in employee benefit plans, post-effective amendments |
| Feb 23, 2024 | S-8 POS | Securities to be offered to employees in employee benefit plans, post-effective amendments |
| Feb 23, 2024 | S-8 POS | Securities to be offered to employees in employee benefit plans, post-effective amendments |
| Feb 15, 2024 | 8-K | Current Report |