About Patterson-UTI Energy, Inc.
Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States and internationally. The company operates through three core segments:
Business Segments
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Drilling Services
This segment offers contract and directional drilling, along with measurement-while-drilling (MWD) services in onshore oil and natural gas basins. Key services include:
- Supply and rental of downhole performance motors (Mpact drilling motors, Mpower MWD systems).
- Electrical controls and automation for energy, marine, and mining industries.
- Equipment servicing and re-certification.
- Advanced software solutions like MWD Survey Fault Detection (FDIR), HiFi Nav, and HiFi Guidance for real-time well placement optimization.
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Completion Services
This segment specializes in hydraulic fracturing, wireline and pumping, completion support, and cementing. Additional offerings include:
- Power solutions for natural gas fueling.
- Last-mile logistics and storage services.
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Drilling Products
This segment focuses on the design, manufacture, sale, and rental of matrix and steel-bodied polycrystalline diamond compact (PDC) drill bits. It also provides:
- Oilfield tool rentals.
- Specialized services for land-based drilling, completion, and workover activities.
Company Background
Founded in 1978, Patterson-UTI Energy, Inc. is headquartered in Houston, Texas, and continues to be a leader in oilfield services, delivering innovative solutions to the energy sector.