Patterson-UTI

Patterson-UTI Energy, Inc. is a leading provider of diversified energy services headquartered in Houston, Texas, that provides onshore contract drilling and pressure pumping services to oil and natural gas exploration and production companies in the United States and other select countries. Founded in 1978, the company operates through three primar... y segments: Drilling Services, Completion Services, and Drilling Products. Patterson-UTI offers contract drilling services, integrated well completion services, and directional drilling services in the United States, along with specialized bit solutions in the United States, Middle East, and many other regions around the world. The company operates land-based drilling rigs mainly in oil and natural gas-producing regions of the continental United States and Colombia, and also owns a non-operating working interest in oil and natural gas assets in Texas and New Mexico. Patterson-UTI provides pressure pumping services such as well stimulation and cementing for the completion of new wells and remedial work on existing wells, along with wireline and pumping, completion support, and power solutions including natural gas fueling and last mile logistics and storage businesses. The Drilling Products segment designs, manufactures, sells, and rents matrix and steel-bodied polycrystalline diamond compact drill bits, and also rents oilfield tools and offers specialized services for land-based oil and natural gas drilling, completion, and workover activities. Patterson-UTI is committed to sustainability and environmental responsibility, offering innovative solutions including hybrid energy systems that integrate grid, generator, and battery power to reduce emissions and fuel costs, as well as natural gas-powered equipment through its Emerald fleet. The company trades on the NASDAQ exchange under the ticker symbol PTEN.Read More