Patterson-UTI Energy Inc - Company Profile
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Patterson-UTI Energy Inc (Patterson) is a provider of oilfield services. It offers onshore contract drilling and pressure pumping services, directional drilling, rental equipment, and oilfield technology to oil and gas exploration and production companies. The company offers pressure pumping services such as well stimulation and cementing for the completion of new wells and remedial work on existing wells. The company operates land-based drilling rigs mainly in oil and natural gas-producing regions of the continental US and Colombia. It also owns a non-operating working interest in oil and natural gas assets in Texas and New Mexico. Patterson is headquartered in Houston, Texas, the US.
Headquarters
United States of America
Address
Suite 800, 10713 West Sam Houston Parkway North, Texas, 77064
Website
www.patenergy.com
Telephone
1 281 7657100
No of Employees
7,900
Industry
Energy and Utilities
Ticker Symbol & Exchange
PTEN (NASD)
Revenue (2024)
$4.8B
-10.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
90.3%
(2024 vs 2023)
Market Cap*
$3.7B
Net Profit Margin (2024)
XYZ
89.2%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Pipe Handling Components | Directional Drilling Services | EcoCell |
| Wellbore Placement Optimization Services | HiFi Nav | |
| Contract Drilling Services | Cortex | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In February, NexTier Completion Solutions introduced the eos Completions Digital Platform. |
| 2026 | Contracts/Agreements | In January, the company signed agreement to lease two high-spec APEX 1500 drilling rigs to DLS Archer Ltd. S.A. |
| 2024 | Contracts/Agreements | In September, the company along with ADNOC Drilling Company and SLB entered into a joint venture agreement to form Turnwell Industries LLC OPC. |
Competitor Comparison
| Key Parameters | Patterson-UTI Energy Inc | TechnipFMC Plc | NOV Inc | EQT Corp | Liberty Energy Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United Kingdom | United States of America | United States of America | United States of America |
| City | Houston | London | Houston | Pittsburgh | Denver |
| State/Province | Texas | Northumberland | Texas | Pennsylvania | Colorado |
| No. of Employees | 7,900 | 23,089 | 31,605 | 1,523 | 5,800 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Curtis W. Huff | Chairman | Executive Board | 2020 | 67 |
| William Andrew Hendricks, Jr. | Chief Executive Officer; President; Director | Executive Board | 2017 | 61 |
| C. Andrew Smith | Chief Financial Officer; Executive Vice President | Senior Management | 2017 | 55 |
| James M. Holcomb | Chief Operating Officer | Senior Management | 2025 | 63 |
| Kenneth N. Berns | Executive Vice President; Chief Commercial Officer | Senior Management | 2017 | 66 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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