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Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.
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One of the investment sectors in which it's difficult to address the “why” component is the hydrocarbon ecosystem. With the political and ideological winds favoring clean and renewable energy infr...
HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the Unite...
Patterson-UTI's (PTEN) subsidiary, Patterson-UTI International Holdings, Inc., partners with ADNOC Drilling for a UAE project, enhancing oilfield operations with U.S. shale expertise and strategic gro...
HOUSTON, TX / ACCESSWIRE / May 13, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., h...
HOUSTON, TX / ACCESSWIRE / May 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2024, the Company had an average of 116 drilling rigs operating in the Unit...
Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million....
Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Mike Sabella - VP, IR Andy Hendricks - President, CEO & Director Andy Smith - CF...
HOUSTON, TX / ACCESSWIRE / May 1, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2024....
Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations....