Company type | Public |
---|---|
Industry | Petroleum industry |
Founded | 1978 |
Headquarters | Houston, Texas, U.S. |
Key people | Mark S. Siegel, Chairman William Andrew Hendricks Jr., President & CEO |
Services | Well drilling |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 5,800 (February 7, 2020) |
Website | patenergy |
Footnotes / references [1] |
Patterson-UTI Energy provides land drilling and pressure pumping services, directional drilling, rental equipment and technology to clients in the United States and western Canada.[2]
Patterson-UTI Companies include:
Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson.[1]
In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy.[3]
In September 2014, the company acquired Texas-based pressure pumping assets.[4]
In September 2016, the company acquired Warrior Rig.[5]
In April 2017, the company acquired Seventy Seven Energy.[6] The deal included Seventy Seven's affiliates: Great Plains Oilfield Rental, Nomac Drilling (now part of Patterson-UTI Drilling), and Performance Technologies (now part of Universal Pressure Pumping).[7]
In October 2017, the company acquired MS Energy Services (now MS Directional).[8]
In February 2018, the company acquired Superior QC, a provider of software used to improve the accuracy of horizontal wellbore placement.[9]
In October 2018, the company acquired Current Power Solutions, Inc.[10]
In October 2021, Patterson-UTI announced that it completed the acquisition of Pioneer Energy Services.
In September 2023, the company merged with NexTier OFS