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Patterson-UTI Energy, Inc. (PTEN)


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19.75-1.03 (-4.96%)
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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 Employees3,600

Key Executives

NameTitlePayExercisedAge
Mr. Mark S. SiegelExec. Chairman725.15kN/A66
Mr. William Andrew Hendricks Jr.CEO, Pres & Director1.08MN/A52
Mr. John E. Vollmer IIICFO, Exec. VP of Corp. Devel. & Treasurer673.23kN/A61
Mr. Kenneth N. Berns CPAExec. VP & Chief Commercial Officer577.63kN/A57
Mr. James Michael HolcombPres of UTI Drilling Company LLC460.41kN/A54
Amounts are as of December 31, 2016 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 major and independent oil and natural gas operators in the United States and Canada. The company’s Contract Drilling segment markets its contract drilling services primarily in Texas, southeastern New Mexico, northern Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2016, this segment had a drilling fleet of 202 marketable land-based drilling rigs. Its 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 and nitrogen fracturing, cementing, and acid pumping services in Texas and the Appalachian region. Patterson-UTI Energy, Inc. also manufactures and sells pipe handling components and related technology to drilling contractors 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 July 1, 2017 is 1. The pillar scores are Audit: 1; Board: 4; 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.