Patterson-UTI Energy Inc at Barclays CEO Energy-Power Conference Transcript

Feb 08, 2024

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Sep 07, 2022 / 01:45PM GMT
Derek John Podhaizer - Barclays Bank PLC, Research Division - Equity Research Analyst

Good morning, everyone. Going on with the next presentation here. Next up, we have Patterson-UTI Energy. Joining me is Andy Hendricks, President and CEO of Patterson, a position he's held since 2012. Our format today will be fireside chat. So Andy, thank you for joining us.

William Andrew Hendricks - Patterson-UTI Energy, Inc. - President, CEO & Director

Derek, good to be here.

Questions and Answers:

Derek John Podhaizer - Barclays Bank PLC, Research Division - Equity Research Analyst

So I just want to start off with the recent volatility we've seen in oil prices due to the recessionary concern overhang. I'm just curious how this has affected your customer conversations? Do you get a sense that your customers are concerned? Any noticeable differences in behavior between the majors, the independents, the privates? Do you feel that there's an oil price that we would need to fall to, to see a significant change in activity?

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