PTEN - Patterson-UTI Energy, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Patterson-UTI Energy, Inc.

10713 West Sam Houston Parkway North
Suite 800
Houston, TX 77064
United States
281-765-7100
http://www.patenergy.com

SectorBasic Materials
IndustryOil & Gas Drilling & Exploration
Full Time Employees8,000

Key Executives

NameTitlePayExercisedYear Born
Mr. Mark Steven SiegelExec. Chairman1.19MN/A1951
Mr. William Andrew Hendricks Jr.Pres, CEO & Director2.11MN/A1965
Mr. C. Andrew SmithExec. VP & CFO1.16MN/A1971
Mr. Kenneth N. BernsExec. VP & Chief Commercial Officer945kN/A1960
Mr. James Michael HolcombPres of UTI Drilling Company LLC1.11MN/A1963
Amounts are as of December 31, 2018 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. Currency in USD.

Description

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2018, this segment had a drilling fleet of 252 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas, the Mid-Continent, and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, wireline steering tools, and services that enhance the accuracy of horizontal wellbore placement. Patterson-UTI Energy, Inc. also manufactures and sells pipe handling components and related technology 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.

Corporate Governance

Patterson-UTI Energy, Inc.’s ISS Governance QualityScore as of October 4, 2019 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 2; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.