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About the company
Patterson-UTI Energy, Inc. is an oilfield services company that primarily owns and operates land-based drilling rigs in the United States and a fleet of pressure pumping equipment. The Company operates through three business segments: Contract Drilling Services, Pressure Pumping Services and Directional Drilling Services. The Contract Drilling Services segment market its contract drilling services to independent oil and natural gas operators. The Pressure Pumping Services segment provides pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian region. The Pressure Pumping also provides cementing services through its pressure pumping segment. The Cementing is the process of inserting material between the wall of the well bore and the casing to support and stabilize the casing. The Directional Drilling Services segment provides a range of directional drilling services in producing onshore oil and gas basins in the United States.
- Revenue in USD (TTM)1.63bn
- Net income in USD-579.44m
- LocationPatterson-UTI Energy IncP O DRAWER 1416, 4510 LAMESA HWYSNYDER 79549United StatesUSA
- Phone+1 (915) 573-1104
- Fax+1 (302) 655-5049
Mergers & acquisitions
|Acquired company||Deal status||Date||Date /|
|PTEN:NSQ since |
|Pioneer Energy Services Corp||Deal completed||06 Jul 2021||06 Jul 2021Deal completed||58.09%||296.43m|