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Patterson-UTI Energy's pattern of activity is to drill for oil. The company, which provides onshore contract drilling for oil and natural gas producers, operates about 350 rigs. It has the second-largest land-based drilling fleet in North America, behind that of Nabors Industries. Patterson-UTI complements its contract drilling business in Canada and across the US (Patterson-UTI Drilling) with drilling and completion fluids operations (Ambar Lone Star). It also provides pressure pumping services (Universal Well Services) for oil and natural gas operators primarily in the Appalachian Basin. In 2008 Patterson-UTI's marketable drilling rigs reported depth capabilities ranging from 5,000 ft. to 30,000 ft.
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| | | Contact Information | |
Address: |
450 Gears Rd., Ste. 500
Houston, TX 77067
| | Phone: | 281-765-7100 | | Fax: | 281-765-7113 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 2209.10 M | | Revenue Growth (1 yr): | 4.50% | | Employees (2008): | 6,600 | | Employee Growth (1 yr): | (-18.50%) |
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Key People
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Chairman:
Mark S. Siegel
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President and CEO:
Douglas J. (Doug) Wall
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Director Information Technology:
Mike Martini
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