Patterson-UTI

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William A. Hendricks's photo - President & CEO of Patterson-UTI

President & CEO

William A. Hendricks

CEO Approval Rating

73/100

Founded:

1978

Status:

PublicIndependent CompanyNASDAQPTEN

PATTERSON-UTI TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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H&P is Patterson-UTI's #1 competitor. H&P is a Public company that was founded in 1920 in Tulsa, Oklahoma. H&P is in the Oil & Gas Drilling industry. Compared to Patterson-UTI, H&P has 3,400 fewer employees.

Schlumberger is seen as one of Patterson-UTI's biggest rivals. Schlumberger was founded in Houston, Texas} in 1926. Schlumberger is in the Oil & Gas Equipment & Services field. Compared to Patterson-UTI, Schlumberger generates $20.4B more revenue.

Transocean is one of Patterson-UTI's top competitors. Transocean is headquartered in Zug, Zug, and was founded in 1953. Transocean competes in the Oil & Gas Drilling industry. Transocean generates 331% the revenue of Patterson-UTI.

Patterson-UTI Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$919.3M

Patterson-UTI's revenue is the ranked 12th among it's top 10 competitors. The top 10 competitors average 3.4B. Over the last four quarters, Patterson-UTI's revenue has decreased by 3.8%. Specifically, in Q1 2021's revenue was $240.9M; in Q4 2020, it was $220.8M; in Q3 2020, it was $207.1M; in Q2 2020, Patterson-UTI's revenue was $250.4M.

Patterson-UTI Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Pioneer Energy Services Corp.

Jul 2021

Source »
$295M
Pioneer Energy Services is a Texas-based oilfield services company that provides contract land drilling and coiled tubing services for the oil and gas industry.
Superior QC, LLC

Feb 2018

Source »
undisclosed
Superior QC is a directional drilling analytics company that offers anti-collision monitoring, pre-drill survey planning and passive magnetic ranging services.
MS Energy Services, Inc.

Sep 2017

Source »
$75M
MS Energy is a drilling services company that offers surveying, steering tools and downhole electric wireline for the onshore oil and gas sector.
Seventy Seven Energy Inc.

Dec 2016

Source »
$1.8B
Seventy Seven Energy offers drilling, pressure-pumping, oilfield rental tools and trucking services.
Warrior Manufacturing Services Ltd.

Sep 2016

Source »
undisclosed
Warrior designs and manufactures and repairs trailer-mounted drilling rig components including masts, catwalks, substructures and torque wrenches.

Patterson-UTI Funding History

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt - PPP (CARES Act)
Apr 2020
$350K - $1M

U.S. Small Business Administration.

Debt
Aug 2019
$150M
Equity
Oct 2018
$2.7M
-
Debt
Jun 2012
$300M
-
Debt
Oct 2010
$300M
-

Patterson-UTI Investments

No recent investments found related to Patterson-UTI

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Patterson-UTI Headquarters

10713 West Sam Houston Parkway North Suite 800

Houston, Texas77064

1-281-765-7100

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Patterson-UTI Summary

ABOUT

Overview

Patterson-UTI is a provider of contract drilling and pressure pumping services to oil and natural gas exploration companies. Patterson-UTI was founded in 1978. Patterson-UTI's headquarters is located in Houston, Texas, USA 77064. It has raised 753.0M ...

CEO

Patterson-UTI's President & CEO, William A. Hendricks, currently has an approval rating of 73%. Patterson-UTI's primary competitors are H&P, Schlumberger & Transocean.

Frequently Asked Questions about Patterson-UTI

  1. When was Patterson-UTI founded?

    Patterson-UTI was founded in 1978
  2. Who is Patterson-UTI's CEO?

    Patterson-UTI's CEO is William A. Hendricks
  3. How much revenue does Patterson-UTI generate?

    Patterson-UTI generates $919.3M in revenue
  4. How much funding does Patterson-UTI have?

    Patterson-UTI has historically raised $753M in funding
  1. Where is Patterson-UTI's headquarters?

    Patterson-UTI's headquarters is in Houston Texas, USA
  2. How many employees does Patterson-UTI have?

    Patterson-UTI has 8,000 employees
  3. What sector does Patterson-UTI operate in?

    Patterson-UTI is in Oil & Gas Drilling, Oil & Gas Equipment & Services
  4. Who are Patterson-UTI's competitors?

    Patterson-UTI's top competitors are H&P, Schlumberger, Transocean