Patterson-UTI Energy

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Houston, Texas-based Patterson-UTI Energy is a provider of contract drilling services to the oil and gas industry. It provides pressure pumping service to companies drilling Marcellus shale wells.

Patterson-UTI finished its first horizontal frac in the Marcellus shale during the forth quarter of 2008.

According to a February, 2009 report the company had $61 million in CapEx expenditures during 2008, and much of it was for expanding hydro-fracturning capabilities. Several Quintuplex pumps and triplex equipment were added. The company also has a number of drilling rigs that it makes available in different locations throghout the Appalachian Basin.

Douglas J. Wall is Patterson-UTI's CEO.

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