Patterson-UTI Inc.
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New Financings
Has entered into a $600 million, five-year credit agreement with a group of financial institutions led by…
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News
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
Bit by Bit, Drilling Tech Has Evolved
The future of drilling tech is faster and more efficient, experts say.
A&D Minute: Midstream Sector's Flurry of M&A [WATCH]
In this week's A&D Minute, upstream deals were made and midstream mergers were inked.
Patterson-UTI Energy, NexTier Complete $5.4B Merger
The combination of Patterson-UTI and NexTier Oilfield Solutions brings together a contract drilling business fleet with 172 super-spec drilling rigs and a completions business with 3.3 million hydraulic fracturing horsepower.
![] Equipment Refresh, Retirement Suggest Tight Frac Market](/sites/default/files/styles/image_480x320_3_2/public/image/2023/07/hydraulic-fracturing-equipment.jpg?itok=LsqbsSXl)
Frac Markets to Tighten? E&Ps Spur OFS Upgrades, Higher Prices
Demands by E&Ps for more efficient pressure pumping and a coinciding retirement of hydraulic horsepower has set the stage for a rise in oilfield service pricing.Â
A&D Minute: Companies Shore Up Assets, Streamline Operations [WATCH]
In this week's A&D Minute, companies merge, shore up their balance sheet and shift away from fossil fuels.Â
A&D Minute: Big Expansions, Bigger Mergers [WATCH]
In this week's A&D Minute, Patterson-UTI and NexTier Oilfield Solutions are merging, Civitas Resources enters the Permian, and Earthstone Energy expands their Delaware Basin presence.Â
Patterson-UTI, NexTier Merging in $5.4B Deal
The Patterson-UTI, NexTier merger will create a comprehensive drilling and completions franchise in U.S. land with leadership positions in contract drilling, directional drilling and pressure pumping, according to Patterson-UTI CEO Andy Hendricks.
New Bit Fills Need for Drilling Speed, While Tool Brings MPD Onshore
A faster bit and an integrated MPD system aim to improve onshore drilling.
Could Geothermal Be the Next Drilling Boom?
Some experts say geothermal energy could follow a path similar to the unconventional oil and gas revolution.
E&P Tech Trends: Universal's Cementing Sector is Growing Rapidly - Here's Why [WATCH]
In this week's episode of Hart Energy LIVE's E&P Tech Trends, Hart Energy technology reporter Jaxon Caines explores the future of Universal's cementing business with director of cementing Deepak Khatri.
E&P Tech Trends: How Are Universal Pressure Pumping Next Gen Pumps Changing the Game? [WATCH]
On this week's episode of Hart Energy LIVE's E&P Tech Trends, senior technology editor Jennifer Pallanich talks to Universal Pressure Pumping's Akshay Sagar and Jeff Beach about the company's cleaner pumping practices.
Tech Trends: Patterson-UTI's Cortex Automation Sensation [WATCH]
In this week's E&P Tech Trends episode, join Hart Energy's senior technology editor Jennifer Pallanich as she explores Patterson-UTI's Rig 567.
Women in Energy: Kathryn Roark, Patterson-UTI
Today’s featured 25 Influential Women in Energy honoree is Kathryn Roark, vice president of diversity and ESG at Patterson-UTI.
Exclusive Q&A: Strides in ESG, Innovative Technology [WATCH]
Kathryn Roark, vice president of diversity and ESG for Patterson UTI, discussed the improvements in ESG that the oil and gas industry has seen – and how it can be even better in the future.