Patterson-UTI Energy Inc - Company Profile
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Business Description
Patterson-UTI Energy Inc (Patterson) provides drilling and completion services to oil and natural gas exploration and production companies. The company offers contract drilling services, integrated well completion services, and directional drilling services. Additionally, Patterson provides specialized drill bit solutions in the US, the Middle East, and various other regions globally. The industries they serve include energy, marine, and mining.
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Business Segments
Overview
Includes revenue from well completion business along with hydraulic fracturing, wireline and pumping, completion support, cementing and its legacy pressure pumping business. Operates power solutions natural gas fueling business and proppant last mile logistics and storage business. The company’s completion services business operates in several of the most active basins in the continental US, including the Permian, the Marcellus Shale/Utica, the Eagle Ford, Mid-Continental, Haynesville, and the Bakken/Rockies In FY2025, the segment incurred a capital expenditure of US$271.5 million, which declined 15.2% YoY.
Performance
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Overview
Includes manufacturing and distribution of drill bits. Offers its drilling equipment to oil and natural gas exploration along with production and mining operations In FY2025, the segment incurred a capital expenditure of US$61.4 million, which declined 0.4% YoY.
Performance
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Overview
Offers contract drilling, directional drilling, oilfield technology, electrical controls, and automation. The segment operates in the continental US and internationally in Colombia. Offers a comprehensive drilling service in most major onshore oil and natural gas basins. In FY2025, the segment incurred a capital expenditure of US$236.5 million, which declined 10.6% YoY.
Performance
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Overview
Includes oilfield rentals and income from working interest in oil and natural gas assets located in Texas and New Mexico. In FY2025, the segment incurred a capital expenditure of US$10.9 million, which declined 49.8% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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