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Patterson-UTI Energy, Inc. (PTEN)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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12.05+0.36 (+3.08%)
At close: 04:00PM EDT
12.03 -0.02 (-0.17%)
After hours: 07:19PM EDT

Patterson-UTI Energy, Inc.

10713 West Sam Houston Parkway North
Suite 800
Houston, TX 77064
United States
281 765 7100
https://www.patenergy.com

Sector(s)Energy
IndustryOil & Gas Drilling
Full-time employees10,600

Key executives

NameTitlePayExercisedYear born
Mr. William Andrew Hendricks Jr.President, CEO & Director3.2MN/A1965
Mr. C. Andrew SmithExecutive VP & CFO1.45MN/A1971
Mr. Seth D. WexlerSenior VP, General Counsel & Secretary1.15MN/A1972
Mr. Kenneth N. Berns CPAExecutive VP & Chief Commercial Officer1.43M107.2k1960
Mr. James Michael HolcombExecutive VP & Chief Business Officer1.35MN/A1963
Mr. Michael James SabellaVice President of Investor RelationsN/AN/AN/A
Mr. Marty UnreinSenior VP of Sales & MarketingN/AN/AN/A
Ms. Diana DotoloSenior Vice President of Human ResourcesN/AN/AN/A
Mr. Matt PyeSenior Vice President of Industry AffairsN/AN/AN/A
Ms. Kathryn RoarkSenior Vice President of Sustainability, Diversity & CultureN/AN/AN/A
Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.

Corporate governance

Patterson-UTI Energy, Inc.’s ISS governance QualityScore as of 1 March 2024 is 1. The pillar scores are Audit: 2; Board: 2; Shareholder rights: 3; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.