Patterson-Uti Energy
Patterson-UTI Energy, Inc. is a Houston-based company that provides onshore contract drilling services to oil and natural gas operators across the United States and Canada. The company operates through three primary segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. Its Contract Drilling segment focuses on regions such as west Texas, southeastern New Mexico, and parts of the Appalachian region, utilizing a fleet of 216 marketable land-based drilling rigs. The Pressure Pumping segment delivers well stimulation, cementing, and hydraulic fracturing services, while the Directional Drilling Services segment offers advanced tools and technologies to enhance drilling accuracy and efficiency. Additionally, Patterson-UTI Energy provides equipment services to drilling contractors and invests in oil and natural gas assets, primarily in Texas and New Mexico. Founded in 1978, the company is recognized for operating one of the largest and most technologically advanced drilling fleets in North America.
Pioneer Energy Services
Acquisition in 2021
Pioneer Energy Services Corp. is a provider of land-based drilling and production services tailored for oil and gas exploration and production companies. Established in 1968 and headquartered in San Antonio, Texas, the company operates a modern fleet that includes 17 AC rigs in the United States and 8 SCR rigs in Colombia. Pioneer specializes in contract land drilling services across several key regions, including the Marcellus/Utica, Permian Basin, Eagle Ford, and Bakken, as well as providing well and wireline services primarily in Texas, the Mid-Continent, and Rocky Mountain regions. The company also has a fleet comprising 111 rigs with 550 horsepower, 12 rigs with 600 horsepower, and 82 wireline units, enhancing its operational capabilities. In addition to drilling services, Pioneer offers advanced coiled tubing units, supporting its production services for independent and major oil and gas companies.
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