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Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. [1] UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. [3]
Oil drilling company Patterson-UTI Energy Inc. (NASDAQ: PTEN )'s stock has fallen 30 percent in recent months. The Analysts Credit Suisse analyst James Wicklund upgraded Patterson-UTI from Neutral ...
Dejour Contracts Patterson Drilling & Halliburton for Kokopelli Development Targeting Q2-2013 Liquids-Rich Production DENVER--(BUSINESS WIRE)-- Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an ...
Subsidiaries include Patterson UTI Drilling Company LLC, Patterson UTI Drilling Canada Limited, Universal Pressure Pumping, Inc., and Universal Well Services, Inc. The company has had some negative publicity. On August 11, 2004, there was a fatality at one of the company's oil rig sites in Hinton, Oklahoma.
MODU – mobile offshore drilling unit (either of jack-up drill rig or semi-submersible rig or drill ship) MOF – marine offloading facility; MOPO – matrix of permitted operations; MOPU – mobile offshore production unit (to describe jack-up production rig, or semi-submersible production rig, or floating production, or storage ship)
The oil and gas industry is usually divided into three major sectors: upstream (also called exploration and production or E&P), midstream and downstream. [1] [2] The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas ...