Patterson-UTI Energy Inc - Company Profile
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Patterson-UTI Energy Inc (Patterson) offers onshore contract drilling and pressure pumping services to oil and gas exploration and production companies. Substantial asset base, proprietary technology enhancement, and technological capabilities are its strengths, even as dependence on few customers is a cause for concern. Global outlook for upstream investments, contracts and agreements and launch of new products could provide growth opportunities to Patterson. However, intense competition and fluctuating oil and gas prices, coupled with the seasonality of operations could affect the growth of the company.
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