Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc.

Overview
Date Founded

1993

Headquarters

450 Gears Road,Suite 500,Houston, TX 77067

Type of Company

Public

Employees (Worldwide)

5,800

Industries

Oil & Gas
Power & Utilities

Company Description

Patterson-UTI Energy, Inc. engages in the provision of onshore contract drilling services to major and independent oil and natural gas operators. It operates through the following segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its services to major and independent oil and natural gas operators. The Pressure Pumping Services segment provides pressure pumping services to oil and natural gas operators primarily in Texas and the Appalachian Basin. The Directional Drilling Services segment offers downhole performance motors and equipment to provide services including directional drilling, downhole performance motors, motor rentals, directional surveying, measurement-while-drilling, and wireline steering tools, in most major onshore oil and natural gas basins. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.

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Executives & Employees

Director, President & Chief Executive Officer

Senior Vice President, General Counsel & Secretary

Chief Commercial Officer & Executive Vice President

President of Patterson-UTI Drilling Company LLC

Executive Vice President, Principal Accounting Officer & Chief Financial Officer

Sales Director

Director of Accounting

Director

Network Administrator

Vice President Marketing Appalachia

Board of Directors

Chairman & Owner at Freebird Partners LP

Former Of Counsel at Norton Rose Fulbright

Former General Manager-Southern Africa Business Unit at Chevron Corp.

Director, President & Chief Executive Officer at Patterson-UTI Energy, Inc.

Former Chief Financial Officer at Rosehill Resources, Inc.

Former Senior Vice President, Strategic Planning at PPL Corp.

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Patterson-UTI Energy, Inc.
Owners & Shareholders
Details Hidden

Kahn Brothers Advisors (KBA) is a value investor that employs a bottom-up stock selection approach to invest in undervalued equity securities that are usually out-of-favor in the market. They are long-term investors with a typical 3- to year time horizon. If there are very few values to be found, the firm is comfortable holding cash.KBA invests in industries and businesses that they can understand, focusing on depressed economic sectors rather than the most popular industries and on seasoned businesses that are less likely to experience major structural change. They may make significant capital gains in conventional industries. KBA concentrates on small- and mid-cap stocks. Though not limited by sector, KBA tends to invest in the stocks of US companies in the finance, healthcare technology, consumer non-durables and electronic technology sectors. The firm invests across all market-caps. KBA maintains a very low turnover rate.KBA prefers to invest in companies in which management holds a meaningful stake and will protect their own as well as the shareholders' interests. They are less comfortable with situations in which management has aggressive base-pay packages and little ownership interest. The firm seeks to identify companies with solid balance sheets, strong working capital positions and minimal leverage. In their view, the balance sheet, not the income statement, is the best measure of overall corporate health. Consequently, many of KBA's investments have strong financial positions and weak short-term earnings.

Details Hidden

Founded by Mark Siegel in 1993, REMY Investors & Consultants, Inc. is a hedge fund manager located in Los Angeles, California. The firm provides investment advice to investment funds and other accounts. REMY’s separate account clients may include high-net-worth individuals, institutions, trusts, endowments and pensionplans.

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TFS’ security analysis methods may include fundamental analysis, financial analysis, technical analysis, charting, cyclical and macro-economic analysis. The main sources of information include, but are not limited to, financial newspapers and magazines, research materials prepared by others, corporate rating services, annual reports, prospectuses, filings with the SEC, and company press releases. The firm also pays a subscription for certain services to provide current information on stocks, bonds, mutual funds, ETF, and index funds. TFS’ investment committee develops and maintains models that can be assigned for a given client risk tolerance. To match the goals and objectives of the client while taking into account current macro conditions and the client’s risk tolerance, the primary investment strategy used on client accounts is strategic asset allocation.

Recent Transactions
Details Hidden

Patterson-UTI Energy, Inc. raised money in a private placement transaction

Details Hidden

Patterson-UTI Energy, Inc. purchases MS Directional LLC from Natural Gas Partners LLC, Catalyst/Hall, NGP Energy Technology Partners, Denham Capital Management LP

Details Hidden

Patterson-UTI Energy, Inc. purchases Seventy Seven Energy, Inc.

Transaction Advisors
Accountant

Advised onPatterson-UTI Energy, Inc. purchases UTI Energy Corp.

Accountant

Advised onPatterson-UTI Energy, Inc. purchases Tucker Drilling Co., Inc.

Accountant

Advised onPatterson-UTI Energy, Inc. purchases Norton Drilling Services, Inc.

Associate

Advised onPatterson-UTI Energy, Inc. purchases Seventy Seven Energy, Inc.

Legal Advisor

Advised onPatterson-UTI Energy, Inc. purchases Seventy Seven Energy, Inc.

Associate

Advised onPatterson-UTI Energy, Inc. purchases Seventy Seven Energy, Inc.

Advisors & Consultants
Real Estate Agent

Executive Managing Director, Tenant Advisory at Transwestern Commercial Services LLC

Advisor

Executive Officer at Remy Capital Partners III LP

Advisor

Former Chief Financial Officer & Treasurer at Patterson-UTI Energy, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$1.16B
Total Enterprise Value
$2.96B
Earnings Per Share
$-2.1
Revenue
$2.47B
Net Profit
$-426M
EBITDA
$554M
EBITDAMargin
22.43%
Total Debt
$1B
Total Equity
$2.83B
Enterprise Value / Sales
1.2x
Enterprise Value EBITDAOperating
5.28x
TEVNet Income
-6.96x
Debt TEV
0.34x
Five Year Compounded Annual Growth Rate Of Revenue
-4.94%
Three Year Compounded Annual Growth Rate Of Revenue
39.21%
Non-Profit Donations & Grants
$10K - $50K
2015
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Solaris Oilfield Infrastructure, Inc. operates as a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant at oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software. Its services include field services, last mile management, and transloading services. The company was founded by William A. Zartler in 2014 and is headquartered in Houston, TX.

Competitors
Oil States International, Inc. Oil & Gas - Houston, TX

Oil States International, Inc. is an oilfield services company with a leading market position as a manufacturer of products for deepwater production facilities and certain drilling equipment, as well as a provider of completion services and land drilling services to the oil and gas industry. Oil States is publicly traded on the NYSE under the symbol “OIS”.

Helmerich & Payne, Inc. Oil & Gas - Tulsa, OK

Helmerich & Payne, Inc. engages in contract drilling of oil and gas well. It operates through the following segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment operates its drilling business primarily North America and have a presence in most of the U.S. shale and unconventional basins. The Offshore Gulf of Mexico segment conducts its business in the Gulf of Mexico. The International Solutions segment operates in six international locations including Argentina, Colombia, Bahrain, and United Arab Emirates. The company was founded by Walter Helmerich Hugo II and William Payne in 1920 and is headquartered in Tulsa, OK.

Halliburton Company Oil & Gas - Houston, Texas

Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the following segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.

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