Patterson-UTI Energy, Inc. - Common Stock (PTEN)

Frequently Asked Questions About Patterson-UTI Energy, Inc. - Common Stock (PTEN)

Does Patterson-UTI Energy engage in international operations?

While Patterson-UTI Energy primarily focuses on North American markets, the company has explored opportunities for international operations in the past. However, its main operations and growth strategies are concentrated in the U.S. and Canada, particularly in regions with high energy demand.

How can I invest in Patterson-UTI Energy?

Investing in Patterson-UTI Energy can be done by purchasing shares through a stock brokerage account. The company's shares are listed on the Nasdaq under the ticker symbol PTEN, and potential investors should conduct thorough research and consider financial advice regarding their investment decisions.

How does Patterson-UTI Energy focus on sustainability?

Patterson-UTI Energy is committed to sustainability and environmental stewardship, implementing practices to minimize its environmental impact. The company focuses on reducing emissions, enhancing efficiency, and ensuring the safety and health of its employees and the communities in which it operates.

How does Patterson-UTI Energy manage its financial performance?

Patterson-UTI Energy manages its financial performance through rigorous financial planning, cost management, and operational efficiency. The company aims to optimize its asset utilization and leverage market opportunities, positioning itself for sustainable growth and profitability in the energy sector.

How does Patterson-UTI Energy support its workforce?

Patterson-UTI Energy supports its workforce through various initiatives, including comprehensive training programs, competitive compensation, and benefits packages. The company also fosters a diverse and inclusive workplace while providing growth opportunities to enhance employee skills and career paths.

How is Patterson-UTI Energy adapting to changing industry trends?

Patterson-UTI Energy is adapting to changing industry trends by embracing technological innovations, enhancing its service offerings, and focusing on sustainability. The company continuously assesses market dynamics, such as shifts in energy demand and regulatory changes, to ensure its strategies align with the evolving needs of the sector.

Is Patterson-UTI Energy publicly traded?

Yes, Patterson-UTI Energy is publicly traded on the Nasdaq Stock Market under the ticker symbol PTEN. The company has been listed since 1993, allowing investors to buy shares and participate in the company’s financial growth and performance.

What are conventional and unconventional drilling methods?

Conventional drilling methods involve vertical drilling into well-established reservoirs, while unconventional drilling methods, such as horizontal drilling and hydraulic fracturing, access oil and gas in shale formations that are difficult to reach. Patterson-UTI specializes in both approaches, effectively meeting the diverse needs of its clients.

What does Patterson-UTI Energy, Inc. do?

Patterson-UTI Energy, Inc. is a leading provider of drilling and completions services to onshore oil and natural gas exploration and production companies in North America. The company specializes in providing contract drilling services and pressure pumping services, focusing on advanced technologies and innovative solutions to improve the efficiency of energy production.

What is Patterson-UTI Energy's approach to safety?

Patterson-UTI Energy prioritizes safety across all its operations, implementing rigorous training programs, safety protocols, and equipment maintenance practices. The company endeavors to create a culture of safety, ensuring that its employees are well-equipped to work in potentially hazardous environments without compromising their well-being.

What is Patterson-UTI Energy's long-term vision?

Patterson-UTI Energy's long-term vision focuses on being a leader in the provided energy services sector while maximizing value for its shareholders, clients, and employees. The company aims to drive innovation, improve operational efficiencies, and maintain a commitment to safety and environmental responsibility in its operations.

What is the relationship between Patterson-UTI Energy and its clients?

Patterson-UTI Energy maintains strong relationships with its clients through collaborative partnerships, focusing on understanding their unique needs and delivering tailored solutions. The company strives to build long-term relationships by providing quality services that enhance operational efficiency and reduce costs for clients.

What is the significance of Patterson-UTI's drilling technology?

Patterson-UTI's drilling technology is significant because it incorporates innovative techniques and advanced equipment that enhance the efficiency, safety, and effectiveness of drilling operations. This technology enables faster drilling times, reduces costs, and helps improve the overall performance of oil and gas production.

What markets does Patterson-UTI Energy serve?

Patterson-UTI Energy primarily serves the onshore oil and natural gas markets in the United States and Canada. It operates in major oil-producing regions, including the Permian Basin, the Bakken, and the Eagle Ford, which are known for their significant hydrocarbon resources.

What recent developments or initiatives has Patterson-UTI Energy undertaken?

Patterson-UTI Energy has recently undertaken several initiatives focused on innovation and operational efficiency, including investments in advanced drilling technologies and sustainability practices. These developments aim to improve service delivery and responsiveness to market changes in the evolving energy landscape.

What services does Patterson-UTI Energy provide?

Patterson-UTI Energy provides a range of services, including contract drilling, pressure pumping, and directional drilling services. These services are crucial for exploration and production companies as they help in the drilling of wells and completing them for production, employing state-of-the-art technologies and equipment.

When was Patterson-UTI Energy, Inc. founded?

Patterson-UTI Energy, Inc. was founded in 1978. Originally established as a small drilling company, it has since grown and expanded into one of the largest drilling and oilfield services companies in North America, enhancing its capabilities through strategic acquisitions and operational improvements.

Where is Patterson-UTI Energy, Inc. headquartered?

The company is headquartered in Houston, Texas. This strategic location allows Patterson-UTI to be close to major oil and gas markets and customers, facilitating efficient operations and service delivery throughout the U.S. and Canada.

Who are Patterson-UTI Energy's main competitors?

Patterson-UTI Energy's main competitors include companies such as Halliburton, Schlumberger, Nabors Industries, and Transocean. These firms also provide drilling and completion services in North America, and the competitive landscape encourages continuous innovation and operational efficiency in the industry.

What is the current price of Patterson-UTI Energy, Inc. - Common Stock?

The current price of Patterson-UTI Energy, Inc. - Common Stock is 8.560

When was Patterson-UTI Energy, Inc. - Common Stock last traded?

The last trade of Patterson-UTI Energy, Inc. - Common Stock was at 4:00 pm EDT on April 2nd, 2025

What is the market capitalization of Patterson-UTI Energy, Inc. - Common Stock?

The market capitalization of Patterson-UTI Energy, Inc. - Common Stock is 1.78B

How many shares of Patterson-UTI Energy, Inc. - Common Stock are outstanding?

Patterson-UTI Energy, Inc. - Common Stock has 207.99M shares outstanding.