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Patterson-UTI

Provides land drilling and well completion services for energy.

Discussion

Company facts

Founded
1978
Employees
7,900
Headquarters
United States
CEO
William A. (Andy) Hendricks, Jr.
Type
Public
Listed
NASDAQ: PTEN
Subsidiaries
Patterson-UTI Drilling, NexTier Completions, MS Directional, Great Plains Oilfield Rental, Universal Pressure Pumping

About

At the heart of Patterson-UTI's operations is a vision to inspire innovation and talent to responsibly provide energy to the world. The company's culture is built upon a foundation of core values that guide every decision and action. Safety and environmental stewardship are paramount, reflecting a deep commitment to maintaining an incident-free work environment for all employees and minimizing the ecological footprint in the communities where they operate. This dedication is embodied in their comprehensive LiveSafe™ program, which is integrated across all business units. The team is driven by a ready-to-serve culture, consistently partnering with customers to achieve their goals through high-quality performance, value-added services, and a sharp focus on innovative technology and solutions. This pursuit of operational excellence ensures they remain leaders in the field, delivering on their promises with efficiency and expertise. Honesty and integrity are the bedrock of all relationships, fostering trust with clients, partners, and within the organization itself. Patterson-UTI is deeply committed to fostering a culture of inclusion and respect, championing diversity in recruitment, leadership, and opportunities for all. The company believes in its people, actively supporting the growth, development, and career advancement of every employee. This people-centric approach is balanced with a strong commitment to delivering best-in-class profitability and maintaining financial strength. Tracing its roots back to 1978, the company was formed through the 2001 merger of Patterson Energy and UTI Energy. Today, Patterson-UTI stands as a leading provider of drilling and completion services, leveraging a rich legacy and a forward-thinking mindset to advance its leadership position and help power the world in a sustainable and profitable manner.

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