Patterson-UTI Energy, Inc. (PTEN) is a publicly traded company in the Energy sector, operating within the Oil & Gas Drilling industry. The company is headquartered in Houston, TX, United States. The current CEO is William Andrew Hendricks Jr..
PTEN has IPO date of 1993-11-02, 9,200 full-time employees, listed on the NASDAQ Global Select, a market capitalization of $3.75B.
Patterson-UTI Energy, Inc. is an onshore contract drilling services company serving oil and natural gas operators across the United States and internationally. Operating through three primary segments—Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services—the company operates a fleet of 192 marketable land-based drilling rigs and provides comprehensive well completion and stimulation services across major U.S. basins including the Permian Basin, Appalachia, and the Rockies, as well as in Colombia. Beyond drilling operations, Patterson-UTI supplies specialized equipment, software solutions, and automation technologies to the energy sector while maintaining non-operating working interests in oil and natural gas assets in Texas and New Mexico. Founded in 1978 and headquartered in Houston, Texas, the company serves as an integrated service provider for the upstream oil and gas industry.
