PTEN · 10-Q · 2026Q1 · Full report

Products and Technology

PATTERSON UTI ENERGY INC · 2026-04-28 · Importance 34 · Surprise 42

Patterson-UTI is expanding its portfolio of natural gas‑powered completion equipment (electric, direct drive and dual fuel pumps) to replace legacy diesel completion equipment as customers demand lower-emission, more cost-efficient operations. The company is advancing its Vertex™ fully automated, closed-loop completions process and its eos™ digital completions management platform, positioning these tools to deliver operational efficiency, lower costs and improved performance. Management frames Vertex and gas-powered solutions as strategic investments that ‘‘high‑grade’’ completion assets and form a basis for integrating AI‑driven reservoir technologies. The company indicates it will prioritize these technology investments over refurbishing diesel equipment.

Key facts

• We continue to expand our portfolio of natural gas-powered solutions including electric, direct drive and dual fuel pumps in completion services.
• We are advancing our Vertex™ fully automated, closed-loop completions process which is part of our eos™ digital completions management platform.
• As of March 31, 2026, our rig fleet included 137 marketed Tier-1, super-spec rigs.
• We operate under three reportable business segments: drilling services, completion services and drilling products.