Type Public Revenue 2.716 billion USD (2013) Total assets 4.687 billion USD (2013) | Products drilling services Founded 1978 Total equity 2.756 billion USD (2013) | |
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Traded as NASDAQ: PTEN
S&P 400 Component Industry Oil & Gas Drilling & Exploration Key people Chairman: Mark S. Siegel Stock price PTEN (NASDAQ) US$ 24.01 -0.48 (-1.96%)24 Mar, 3:10 PM GMT-4 - Disclaimer Headquarters Houston, Texas, United States Subsidiaries Universal Well Services Inc | ||
Formed in 1979 as Patterson Drilling and 1986 as UTI Energy (to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company from UGI Corp) , Patterson-UTI Energy operates land-based drilling rigs in the United States and Canada. The company comprises three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. It is a constituent of the S&P 400.
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News update morgan stanley downgrades patterson uti energy to ew rating 20 pt
Operations
References
Patterson-UTI Wikipedia(Text) CC BY-SA