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.

Andy Hendricksz

President and CEO

Past deals in Oilfield Services

Ulterra

Acquisition in 2023
Ulterra is a provider of premium PDC drill bits and downhole tools for the oil and gas industry. Its strength resides in the experience and wisdom obtained from industry veterans, designing high-quality, high-performance PDC bits for global markets. Its localized focus enables Ulterra to respond quickly to customers' specific applications with the newest technology on the market.

NexTier Oilfield Solutions

Acquisition in 2023
NexTier Oilfield Solutions Inc. is a U.S.-based oilfield services company specializing in well completion and production services across various active basins. The company operates through two primary segments. The Completion Services segment offers hydraulic fracturing, wireline, and pump-down services, aimed at enhancing oil and natural gas production from formations with limited permeability. The Well Construction and Intervention Services segment provides cementing and coiled tubing services, utilizing custom-engineered equipment to ensure accurate annulus isolation and hydraulic sealing, while also offering technical guidance for optimizing well performance. NexTier serves a diverse clientele, including integrated and large independent oil and natural gas exploration and production companies, with a significant presence in West Texas and additional operations in the Northeast, Central, and international regions. Founded in 1973 and headquartered in Houston, Texas, NexTier is committed to delivering effective solutions tailored to the needs of its customers.

Seventy Seven Energy

Acquisition in 2016
Seventy Seven Energy Inc. is a diversified oilfield services company based in Oklahoma City, Oklahoma, specializing in a variety of wellsite services and equipment for land-based exploration and production customers across the United States. The company operates through three main segments: Drilling, Hydraulic Fracturing, and Oilfield Rentals. The Drilling segment focuses on land-based drilling services, while the Hydraulic Fracturing segment provides well stimulation services, including hydraulic fracturing. The Oilfield Rentals segment offers a range of rental tools necessary for drilling, completion, and workover activities, such as drill pipes, blowout preventers, and frac tanks. Additionally, this segment provides air drilling and flowback services, as well as water transfer services to well sites. Seventy Seven Energy operates a substantial fleet, which includes numerous drilling rigs and hydraulic fracturing units. Founded in 2011, the company operates independently and is known for its comprehensive service offerings in the competitive U.S. oilfield sector.

Warrior Rig Technologies

Acquisition in 2016
Warrior Rig Technologies specializes in the design, manufacturing, and servicing of high-spec rig components and advanced pipe handling equipment. The company provides a range of products, including electric and hydraulic top drives, automated tubular tongs, and draw-works. In addition to manufacturing these components, Warrior Rig Technologies offers repair and servicing solutions, ensuring that clients have access to reliable and efficient rig equipment. By focusing on safety and cost-effectiveness, the company aims to help its clients overcome the challenges of the oil and gas industry.

TMBR/ Sharp Drilling

Acquisition in 2004
TMBR/ Sharp Drilling is a privately held company engages in the domestic onshore contract drilling of oil and gas wells.

High Valley Drilling

Acquisition in 2000
High Valley Drilling is a privately held drilling company engaged in drilling services.

Wek Drilling

Acquisition in 2000
Wek Drilling is a privately held drilling company that provides drilling services.

Norton Drilling Services

Acquisition in 1999
Norton Drilling Services is a privately held company operates oil and gas drilling rigs and provides contract drilling services.

Tejas Drilling Fluids

Acquisition in 1998
Tejas Drilling Fluids is a privately held company that engages in oil field drilling fluids.

Lone Star Mud

Acquisition in 1998
Lone Star Mud is a privately held company that produces oil field drilling fluids.
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