Patterson-UTI Energy, Inc.

Patterson-UTI Energy is one of the largest providers of contract drilling and completion services in North America. The company has significant operations across oil and liquids-rich basins in the United States, including the Permian Basin, Eagle Ford Shale, and the Bakken Shale, among others. 

Patterson-UTI is currently in the production, development, and exploration phase. The company owns one of the largest and most capable fleets of super-spec rigs with 131 drilling rigs in the United States. In pressure pumping, Patterson has over 3 million hydraulic horsepower deployed across the United States.

In 2023, the company expects to generate over $6.7 billion in total pro forma revenue from its drilling and completion services and technologically advanced drilling products with a significant scale as the second largest oilfield services company in North America.

Patterson provides drilling technologies, directional drilling services, and drilling products to the oil and gas industry in over 30 countries. The company had a market capitalization of $4.9 billion as of December 2022, and continues to evolve its service offerings to provide more integrated and efficient well construction through technologies like NexHub digital operations and integrated wireline pumping.