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Wednesday, November 25, 2009, 12:57AM ET - U.S. Markets open in 8 hours and 33 minutes. Dow Down 0.16% Nasdaq Down 0.31%
Patterson-UTI Energy Inc. (PTEN)On Nov 24: 15.30  Up 0.10 (0.66%)  
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Patterson-UTI Energy Inc.
450 Gears Road
Suite 500
Houston, TX 77067
United States - Map
Phone: 281-765-7100
Fax: 281-765-7175
Web Site: http://www.patenergy.com

DETAILS 
Index Membership:S&P 400 MidCap
S&P 1500 Super Comp
Sector:Basic Materials
Industry:Oil & Gas Drilling & Exploration
Full Time Employees:6,600

BUSINESS SUMMARY 
Patterson-UTI Energy, Inc., together with its subsidiaries, provides onshore contract drilling services to independent oil and natural gas operators in North America. It provides pressure pumping services consisting of well stimulation and cementing for completion of new wells and remedial work on existing wells to oil and natural gas operators primarily in the Appalachian Basin. The company also provides drilling fluids, completion fluids, and related services to oil and natural gas operators offshore in the Gulf of Mexico and on land in Texas, New Mexico, Oklahoma, and the Gulf Coast region of Louisiana. In addition, it engages in the development, exploration, acquisition, and production of oil and natural gas assets in Texas, New Mexico, Mississippi, and Louisiana. As of December 31, 2008, the company had a drilling fleet of 344 land-based rigs. Patterson-UTI Energy was founded in 1978 and is headquartered in Houston, Texas.
Key Statistics

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    CORPORATE GOVERNANCE 
    Patterson-UTI Energy Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 23.7% of S&P 400 companies and 63.9% of Energy companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Douglas J. Wall , 56
    Chief Exec. Officer and Pres
    $ 1.97MN/A
    Mr. Cloyce A. Talbott , 73
    Co-Founder, Consultant, Director and Member of Exec. Committee
    N/A N/A
    Mr. John E. Vollmer III, 53
    Chief Financial Officer, Sr. VP of Corp. Devel. and Treasurer
    $ 1.24M $ 6.27M
    Mr. Kenneth N. Berns CPA, 49
    Sr. VP, Director and Member of Exec. Committee
    $ 1.18M $ 2.60M
    Mr. A. Glenn Patterson , 62
    Co-Founder and Advisor
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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