USX:PTEN - Patterson-UTI Energy Inc Patterson-UTI Energy Inc
Sector: Energy, Industry: Oil & Gas Drilling
Next Earnings: 6 Jun 2024
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USD 10.89    -0.27 (-2.42%)

10 May 2024


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General

CEO: Mr. William Andrew Hendricks Jr.

IPO: 1993-11-02

Headquarters: US

Employees: 10,600

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Description

Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. It also provides directional drilling services and tool rental services in most US onshore oil and gas basins.

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