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Patterson-UTI Energy, Inc. (PTEN)

NASDAQ Energy Oil & Gas Drilling
$8.72 ▲ +0.75%
Market Cap
$3.31B
Sector
Energy
Industry
Oil & Gas Drilling
Beta
0.63
52-Wk Range
5.1-13.08
CEO
William Andrew Hendricks Jr.
Country
US
Currency
USD

Patterson-UTI Energy, Inc. (PTEN) is a key provider of onshore contract drilling services for oil and natural gas exploration and production companies. Its operations span across the United States and international markets. The company's diverse business model is structured around three primary segments: 1. Contract Drilling Services: This division delivers drilling solutions predominantly in prominent U.S. basins such as West Texas, Appalachia, the Rockies, Oklahoma, and both South and East Texas, alongside operations in Colombia. As of late 2021, its robust fleet comprised 192 marketable lan…

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