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Patterson-UTI Energy (FRA:PE1) FFO


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What is Patterson-UTI Energy FFO?

FFO (Funds from operations) only applies to REITs.


Patterson-UTI Energy Business Description

Traded in Other Exchanges
Address
10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064
Patterson-UTI Energy Inc is one of the substantial land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. The company operates under three reportable business segments: (i) drilling services, (ii) completion services, and (iii) drilling products. It also provides directional drilling services and tool rental services in united states onshore oil and gas basins.