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Patterson-UTI Energy, Inc. Stock AnalysisComprehensive stock analysis for Patterson-UTI Energy, Inc. (PTEN) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisPTEN
PTEN
Patterson-UTI Energy, Inc.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
PTEN
Home🔹Stocks🔹Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc.

PTEN•NASDAQ

Patterson-UTI Energy, Inc.

PTEN•NASDAQ
Market cap
$3.48B
Sentiment

Your view on PTEN

Mkt Cap
$3.48B
Sentiment
Your view
PTEN
Patterson-UTI Energy, Inc.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
PTEN
Company Overview

Overview

What the company does, where it operates, and who runs it.

About Patterson-UTI Energy, Inc.

Industry
Oil & Gas Drilling
Sector
Energy
CEO
William Andrew Hendricks Jr.
Headquarters
10713 West Sam Houston Parkway North, Houston, TX, US
Industry
Oil & Gas Drilling
Sector
Energy
CEO
William Andrew Hendricks Jr.
Headquarters
10713 West Sam Houston Parkway North, Houston, TX, US
Description

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

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Earnings Analysis

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Financial Statements

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Peer Comparison

Comparables

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Ownership & News

Institutional Ownership

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Insider Trading

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