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.
Ulterra Drilling Technologies, L.P. is a manufacturer and supplier of polycrystalline diamond (PDC) drill bits and downhole tools for the oil and gas drilling industry, serving both North American and international markets. Founded in 1927 and based in Fort Worth, Texas, Ulterra provides a range of products including steel and matrix PDC bits, as well as specialized tools like the Torkbuster, which addresses torque and stick-slip issues, and the Trugauge, a near-bit stabilizer. The company is noted for its high-quality, high-performance drilling solutions, leveraging the expertise of industry veterans to innovate and respond swiftly to customer needs with the latest technology.
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.
Criterion Energy Partners
Corporate Round in 2022
Criterion Energy Partners is an independent exploration and production company founded in 2018, specializing in the development of decentralized geothermal energy systems. The company focuses on providing clean, reliable, and continuous energy solutions for commercial and industrial consumers. By harnessing heat directly extracted from the earth, Criterion Energy Partners offers businesses a sustainable and dependable energy source that minimizes environmental impact. Their systems aim to enhance operational effectiveness, helping organizations reduce emissions and improve overall efficiency through stable and clean power supply.
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.
Superior QC
Acquisition in 2018
Superior QC, LLC specializes in software solutions that enhance the accuracy of horizontal wellbore placement during oil and gas exploration. Founded in 2015 and based in Seabrook, Texas, the company offers advanced analytics tools, including its MWD Survey Fault Detection, Isolation, and Recovery service, which processes measurement while drilling survey data in real-time. This technology enables more precise identification of a well's position, allowing for timely adjustments during the drilling process. In addition to real-time analysis, Superior QC provides services such as pre-drill survey planning, passive magnetic ranging, and anti-collision monitoring. These capabilities facilitate more effective exploration activities, ultimately improving the efficiency and success of drilling operations. Superior QC operates as a subsidiary of Patterson-UTI Energy, Inc. as of February 2018.
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.
Jones Drilling
Acquisition in 2000
Jones Drilling is a privately owned company engages in manufacturing and distribution of well drilling services.
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.
Ambar
Acquisition in 2000
Ambar is a privately held company markets, blends and designs certain fluids and chemicals.
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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