Patterson-UTI Energy, Inc. Overview
Pro stress-test →Patterson-UTI Energy provides land-based drilling services to major and independent oil and natural gas companies, conducting drilling operations in Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada. The company operates through three segments: Drilling Services, Completion Services, and Drilling Products.
Strategic Profile
Pro stress-test →Patterson-UTI offers integrated onshore oil and gas services with a diversified operation portfolio. The company positions itself as a comprehensive provider of well services including contract drilling, pressure pumping, directional drilling, and specialized drill bit solutions across North America's major producing basins.
Competitive Landscape
Pro stress-test →Patterson-UTI competes in the onshore contract drilling and oilfield services market alongside Helmerich & Payne, Nabors Industries, and RPC Inc. Its integrated service model spanning drilling, completion, and drilling products provides a differentiated position versus pure-play drilling contractors.
Industry Context
Patterson-UTI Energy, Inc. operates in Onshore Contract Drilling and Oilfield Services.
Key facts
Founded: 1978 · Headquarters: Houston, Texas · Revenue: $1.6B · Market cap: $3.2B