PTEN
- Patterson-UTI Energy, Inc.
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Overview
Company Summary
Patterson-UTI Energy, Inc. (PTEN) is a company that operates in the oil and gas drilling industry. As an energy services provider, PTEN specializes in providing onshore contract drilling services to exploration and production (E&P) companies in the United States. The primary focus of the company's operations is drilling wells for oil and natural gas extraction.
PTEN utilizes a technologically advanced fleet of drilling rigs and related equipment to offer a range of drilling services to its clients. These services include drilling wells from the initial stages to completion, which involves activities such as casing and cementing.
The company combines experienced personnel with cutting-edge technology to effectively and efficiently drill wells in various formations and geographical regions. This includes both conventional and unconventional oil and gas reserves. PTEN's expertise extends to drilling in complex geological environments, such as shale and deepwater.
Furthermore, Patterson-UTI Energy offers associated services beyond drilling, encompassing pressure pumping, well construction, and directional drilling. Pressure pumping involves the injection of fluids into the well to enhance oil and gas recovery. Well construction services involve activities like casing installation, wellbore construction, and well completion. Directional drilling, also known as horizontal drilling, allows operators to access and extract hydrocarbons from reservoirs that are difficult to reach with vertical wells.
PTEN differentiates itself by emphasizing safety, operational excellence, and customer satisfaction. The company aims to create value for its clients by efficiently delivering high-quality drilling services in a safe work environment.
In summary, Patterson-UTI Energy, Inc. operates as an energy services company that specializes in onshore drilling for oil and gas extraction. It provides drilling services, pressure pumping, well construction, and directional drilling, while maintaining a focus on safety and operational efficiency.