Patterson UTI Energy Inc. PTEN

What this company does

Patterson-UTI Energy, Inc. provides drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services, directional drilling services, and specialized drill bit solutions. With respect to its consolidated operating revenues in 2025, it received approximately 57% from its ten largest customers and approximately 39% from its five largest customers, and during 2025 one customer accounted for approximately $597 million, or approximately 12%, of consolidated operating revenues. It had approximately 7,900 full-time employees as of January 31, 2026. It operates under three reportable business segments: drilling services, completion services, and drilling products. The drilling services segment provides contract drilling services to oil and natural gas operators in the United States, Colombia and Ecuador, and, as of December 31, 2025, operated 152 marketed land-based drilling rigs. The drilling products segment manufactures and distributes drill bits and downhole tools for the energy and mining markets throughout North America and in over 30 other countries, with manufacturing and repair facilities in Fort Worth, Texas, Leduc, Alberta and Saudi Arabia, and repair facilities in Argentina, Colombia and Oman.

Written from the business description in PATTERSON UTI ENERGY INC's annual report to the U.S. Securities and Exchange Commission, filed 10 February 2026. Every sentence was checked against that document before publication.