Patterson-UTI Energy, Inc

12.31
Open
12.74
Market Cap
4.66B+
High
13.00
Low
12.14
Close
12.28
Volume
5.98M+
P/E Ratio
-51.17
Div/Yield
2.61%

About Patterson-UTI Energy, Inc

Founded in 1978 and re-incorporated in Delaware in 1993, Patterson-UTI Energy, Inc. is a Houston, Texas–based oilfield services company known for operating one of the largest fleets of onshore drilling rigs in the United States, alongside a substantial portfolio of pressure pumping equipment. As of December 31, 2022, the company managed a drilling fleet comprising 184 onshore rigs marketed domestically in the U.S. and an additional 8 marketed in Colombia. Patterson-UTI primarily delivers pressure pumping services to oil and gas operators in Texas and the Appalachian region. The company also offers cementing services through its pressure pumping division—a critical process that involves placing materials between the wellbore and casing to support and stabilize the casing. Supporting its pressure pumping operations is a diverse array of equipment, including agitators, tractors, multi-well trailers, numerous hauling trailers for transporting materials to and from sites, and bins used for on-site material storage. For more information, please visit the company's website at http://www.patenergy.com. Company Address: 10713 W. Sam Houston Pkwy N Suite 800 Houston, Texas 77064

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