PTEN · 10-Q · 2026Q1 · Full report

Manufacturing and Capacity

PATTERSON UTI ENERGY INC · 2026-04-28 · Importance 31 · Surprise 6

The company marketed 152 land-based drilling rigs as of March 31, 2026 and highlights a fleet of 137 marketed Tier‑1, super‑spec rigs (≥1,500 HP, AC powered, pad‑capable, with additional Tier‑1 features). Patterson-UTI operates manufacturing and repair facilities in Fort Worth, Leduc (Alberta) and Saudi Arabia and repair facilities in Argentina, Colombia and Oman to support drill bit and downhole tool distribution in over 30 countries. Management indicates capital expenditures are focused on betterment and refurbishment of drilling and completion equipment to match market demand and technology transitions. The fleet composition and manufacturing footprint underline the company's capability to serve unconventional horizontal drilling and international markets.