NYSE: PTEN
Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.
Oilfield Services · Drilling & Completions
Patterson-UTI Energy
Patterson-UTI Energy is a leading provider of drilling and completions services in the United States, headquartered in Houston.
Patterson-UTI Energy, Inc. is one of the largest land drilling and pressure pumping companies in the United States. Headquartered in Houston, the company significantly expanded its footprint through the 2023 merger with NexTier Oilfield Solutions, creating a comprehensive drilling and completions services company. Patterson-UTI provides contract drilling, pressure pumping, directional drilling, and other oilfield services.
Headquarters
Houston, TX
Founded
1978
Employees
8,500+
Revenue
$5.5 billion (2023)
CEO
Andy Hendricks
Website
patenergy.comPatterson-UTI was formed from the 2001 merger of Patterson Energy and UTI Energy. The company grew to become one of the largest US land drillers. In 2023, Patterson-UTI merged with NexTier Oilfield Solutions and acquired Ulterra Drilling Technologies, significantly expanding into completions and drill bit technology.
Patterson-UTI operates approximately 120 drilling rigs and over 2 million hydraulic horsepower of pressure pumping capacity across all major US basins, including the Permian Basin, Eagle Ford, Haynesville, Appalachia, and Rocky Mountain regions. The company also provides directional drilling services and drill bits.
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