Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc. (ticker: PTEN) provides drilling and completion services to oil and natural gas exploration and production companies worldwide. Its operations are organized into three segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment offers contract and directional drilling, measurement-while-drilling (MWD) services, and supplies downhole performance motors like Mpact drilling motors and Mpower MWD systems. It also provides software services such as MWD Survey Fault Detection, Isolation and Recovery (FDIR) and HiFi Nav for well placement optimization. The Completion Services segment handles hydraulic fracturing, wireline, pumping, cementing, and power solutions including natural gas fueling and last mile logistics. The Drilling Products segment designs, manufactures, sells, and rents matrix and steel-bodied polycrystalline diamond compact (PDC) bits.

Patterson-UTI Energy, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol PTEN. Its shares are traded in United States Dollars (USD). The company is headquartered in the United States and its primary operations are in the US onshore oil and natural gas basins, though it serves clients globally.

Patterson-UTI Energy operates in the Energy sector, specifically within the Oil & Gas Drilling industry. This means the company is involved in the exploration and production support activities for oil and natural gas, focusing on drilling and completion services that are essential for extracting hydrocarbons from onshore reservoirs.

Patterson-UTI Energy's business is divided into three segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment provides contract drilling, directional drilling, and MWD services, along with downhole motor rentals and advanced software for survey fault detection and well placement. The Completion Services segment offers hydraulic fracturing, wireline, pumping, cementing, and power solutions like natural gas fueling and logistics. The Drilling Products segment manufactures and rents PDC bits, including matrix and steel-bodied varieties. These segments collectively support oil and gas companies from drilling through completion.

Patterson-UTI Energy provides several proprietary technologies and products. In drilling, it offers Mpact drilling motors and Mpower MWD systems, along with software services like MWD Survey Fault Detection, Isolation and Recovery (FDIR) for real-time survey data analysis, HiFi Nav for improved vertical well placement, and HiFi Guidance for optimal steering recommendations. In completion, it provides hydraulic fracturing, wireline, and cementing services, as well as power solutions including natural gas fueling and last mile logistics. The Drilling Products segment designs and manufactures matrix and steel-bodied polycrystalline diamond compact (PDC) bits for rental or sale.