PATTERSON UTI ENERGY INC

The company provides drilling and completion services, as well as specialized drilling equipment, primarily to oil and natural gas exploration and production operators. Its operations are structured into three reportable segments: drilling services, completion services, and drilling products. The drilling services business supplies contract land drilling, directional drilling, and electrical automation systems. The completion services division offers hydraulic fracturing, wireline, pumping, cementing, logistics, and natural gas fueling solutions. The drilling products segment designs, manufactures, sells, and rents polycrystalline diamond compact drill bits and downhole tools for energy, geothermal, and mining applications.

Headquartered in Houston, Texas, the company operates across North America and internationally in more than 30 countries. Its drilling fleet includes 152 marketed electric land rigs stationed across U.S. basins, Colombia, and Ecuador. The company also maintains manufacturing, distribution, and repair facilities in the United States, Canada, Saudi Arabia, Colombia, Argentina, and Oman, employing approximately 7,900 full-time workers.

Summary of the business section of Patterson Uti Energy's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“Employees – We had approximately 7,900 full-time employees as of January 31, 2026.”