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Patterson-UTI Energy, Inc. (PTEN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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9.81+0.41 (+4.36%)
At close: 04:00PM EST
9.81 0.00 (0.00%)
After hours: 05:19PM EST
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Patterson-UTI Energy, Inc.

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

Sector(s)Energy
IndustryOil & Gas Drilling
Full Time Employees3,000

Key Executives

NameTitlePayExercisedYear Born
Mr. William Andrew Hendricks Jr.Pres, CEO & Director1.64MN/A1965
Mr. C. Andrew SmithExec. VP & CFO742.65kN/A1971
Mr. Seth D. WexlerSr. VP, Gen. Counsel & Sec.714.4kN/A1972
Mr. Kenneth N. BernsExec. VP & Chief Commercial Officer731.25kN/A1960
Mr. James Michael HolcombPres of UTI Drilling Company LLC699.6kN/A1963
Mr. James Michael DrickamerVP of Investor RelationsN/AN/AN/A
Amounts are as of December 31, 2020 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 Services 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, and West Virginia. As of December 31, 2020, this segment had a drilling fleet of 210 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 wireline steering tools; and services that enhance the accuracy of horizontal wellbore placement. It also service 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. has a strategic data analytics and visualization collaboration with Corva LLC to equip oil and gas producers with the digital tools to drill and complete productive and profitable wells. The company was founded in 1978 and is headquartered in Houston, Texas.

Corporate Governance

Patterson-UTI Energy, Inc.’s ISS Governance QualityScore as of September 26, 2021 is 1. The pillar scores are Audit: 4; 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.
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