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Patterson-UTI Energy, Inc., with headquarters in Snyder, Texas, provides onshore contract drilling services to exploration and production companies in North America. The Company owns 403 land-based drilling rigs that operate primarily in the oil and natural gas producing regions of Texas, New Mexico, Oklahoma, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, South Dakota and western Canada. Patterson-UTI Energy, Inc. is also engaged in the businesses of pressure pumping services and drilling and completion fluid services. Additionally, the Company has an exploration and production business.

Formerly Patterson Energy Inc.
 

DETAILS  
Index S&P 400; S&P 1500; NASDAQ 100 (effective Dec 19, 2005)
Sector Basic Materials
Industry Oil & Gas Drilling & Exploration
URLs http://www.patenergy.com
Ticker (NASDAQ: PTEN)
SIC 1381 - Drilling Oil & Gas Wells
Founded  
IPO  
   
Linked to  
   
 
 
HISTORY TYPE Divestiture
     
     
 
HISTORY TYPE Acquisitions / Strategic Investment
Jun 17, 2005 TC Acquired one land-based drilling rig for $3.6 million
Jan 15, 2005 TC Purchased land drilling assets from Key Energy Services, Inc. for $61.8 million.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
   
 
TYPE  
DA2A (DA2M) Definite Agreement to Acquire (Merge)
DA Definite Agreement
TC Transaction Completed
   

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