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Home > Company Index > Energy > Oil & Gas Services > Patterson-UTI Energy, Inc.
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Patterson-UTI Energy, Inc. |
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NEWS FROM THE WIRES |
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Patterson-UTI earnings rise on higher rig profits Jul 24 2001 06:44 AM PDT
> More WIRE STORIES about this company
PROFILE |
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Does bubblin' crude gush up through the ground in your back yard? If not, Patterson-UTI Energy will drill for it. The company, which provides onshore contract drilling for oil and natural gas producers, was formed in 2001 when the former Patterson Energy bought UTI Energy. Patterson-UTI operates 302 rigs, including 286 in the US and 16 in Western Canada. It has the second-largest land-based drilling fleet in North America, behind that of Nabors Industries. Patterson-UTI complements its drilling and completion services with exploration and production operations that have proved reserves of 1.1 million barrels of oil and 3.8 billion cu. ft. of gas in Texas and New Mexico.
COMPETITION |
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Grey Wolf, Inc. (GW)
Helmerich & Payne, Inc. (HP)
Nabors Industries, Inc. (NBR)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 307.90
1-Yr. Sales Growth: 103.2%
Employees: 3,062
Revenue per employee: $100,555.19
KEY PEOPLE |
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Cloyce A. Talbott
CEO
Jonathan D. Nelson
CFO
CONTACT INFO |
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4510 Lamesa Hwy.
Snyder, TX 79550
US
Phone: 915-573-1104
Fax: 915-573-0281
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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