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Patterson-UTI Energy, Inc. (PTEN)

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9.83 -0.27 (-2.67%)
At close: 4:00 PM EDT
9.95 +0.12 (+1.22%)
After hours: 6:06 PM EDT

Key Executives

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.
NameTitlePayExercisedYear Born
Mr. William Andrew Hendricks Jr. President, CEO & Director 2.35M -- 1965
Mr. C. Andrew Smith Executive VP & CFO 1.07M -- 1971
Mr. Seth D. Wexler Senior VP, General Counsel & Secretary 895.6k -- 1972
Mr. Kenneth N. Berns CPA Executive VP & Chief Commercial Officer 1.05M -- 1960
Mr. James Michael Holcomb Executive VP & Chief Business Officer 1.31M -- 1963
Mr. Michael James Sabella Vice President of Investor Relations -- -- --
Mr. Marty Unrein Senior VP of Sales & Marketing -- -- --
Ms. Diana Dotolo Senior Vice President of Human Resources -- -- --
Mr. Matt Pye Senior Vice President of Industry Affairs -- -- --
Ms. Kathryn Roark Senior Vice President of Sustainability, Diversity & Culture -- -- --

Patterson-UTI Energy, Inc.

10713 West Sam Houston Parkway North
Suite 800
Houston, TX 77064
United States
281 765 7100 https://www.patenergy.com
Sector: 
Energy
Full Time Employees: 
10,600

Description

Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.

Corporate Governance

Patterson-UTI Energy, Inc.’s ISS Governance QualityScore as of June 1, 2024 is 2. The pillar scores are Audit: 5; Board: 1; Shareholder Rights: 3; Compensation: 1.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS) Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.

Upcoming Events

June 17, 2024 at 12:00 AM UTC

Dividend Date

July 25, 2024 at 1:30 PM UTC - July 29, 2024 at 1:30 PM UTC

Patterson-UTI Energy, Inc. Earnings Date

Recent Events

June 6, 2024 at 12:00 AM UTC

S-8: Offering Registrations

June 3, 2024 at 12:00 AM UTC

Ex-Dividend Date

May 30, 2024 at 12:00 AM UTC

SD: Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)

May 13, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

May 6, 2024 at 12:00 AM UTC

10-Q: Periodic Financial Reports

May 2, 2024 at 2:00 PM UTC

Q1 2024 Earnings Call

May 2, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

April 11, 2024 at 12:00 AM UTC

ARS: Annual Report to Shareholders

April 1, 2024 at 12:00 AM UTC

PRE 14A: Proxy Statements

February 27, 2024 at 12:00 AM UTC

10-K: Periodic Financial Reports

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