Patterson-UTI Energy, Inc. · Houston, TX United States ·(NASDAQ (GS): PTEN)
Company Description
Phone: 281-765-7100
Fax: 281-765-7113
Rankings
- S&P 400
View Patterson-UTI Energy, Inc. Locations On A US Map
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This link will open in a new window Patterson-UTI Energy's pattern of activity is to drill for oil. The company, which provides onshore contract drilling for oil and natural gas producers, operates about 350 rigs. It has the second-largest land-based drilling fleet in North America, behind that of Nabors Industries . Patterson-UTI complements its contract drilling business in Canada and across the US (Patterson-UTI Drilling) with drilling and completion fluids operations (Ambar Lone Star). It also provides pressure pumping services (Universal Well Services) for oil and natural gas operators primarily in the Appalachian Basin. In 2008 Patterson-UTI's marketable drilling rigs reported depth capabilities ranging from 5,000 ft. to 30,000 ft. To read the full description, subscribe now.
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Key Patterson-UTI Energy, Inc. Financials
| Company Type | Public - NASDAQ (GS): PTEN Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,209.1 |
| 2008 Employees | 6,600 |
Patterson-UTI Energy, Inc. Executives
13 executives listed for Patterson-UTI Energy, Inc.'s Houston, TX location.
| Title | Name & Bio | Contact |
| Chairman | Mark Siegel | Network |
| President and CEO | Douglas Wall | Network |
| SVP Corporate Development, CFO, and Treasurer | John Vollmer | Network |
Competition
Competitive Landscape for Patterson-UTI Energy, Inc.
Demand for natural gas depends partly on the health of the US economy and partly on the price of crude oil, a competitive product. The profitability of natural gas companies depends largely on the efficiency of their operations. There are large economies of scale in the production, processing, and distribution of gas, but small companies can effectively compete with large ones in exploration, where technical ability is more important than size. To read the full description, subscribe now.Top Patterson-UTI Energy, Inc. Competitors
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