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Patterson-UTI Energy Snapshot
Patterson-UTI Energy's pattern of activity is to drill for oil and gas. The company, which provides onshore contract drilling for oil and natural gas producers, operates more than 350 rigs and a fleet of support vehicles (about 320 trucks and 400 trailers.) It has the second-largest land-based drilling fleet in North America, behind that of Nabors Industries. Patterson-UTI complements its contract drilling business in Canada and across the US (Patterson-UTI Drilling) by providing pressure pumping services for oil and natural gas operators, primarily in Texas and the Appalachian Basin. In 2010 Patterson-UTI's marketable drilling rigs reported depth capabilities ranging from 5,000 ft. to 25,000 ft.
