About This Report
Patterson-UTI is a Houston, Texas-based oilfield services company that primarily owns and operates one of the largest fleets of land-based drilling rigs in the United States and a large fleet of pressure pumping equipment. We also have a number of “lighter-asset” businesses with a heavy technology focus and a smaller footprint, such as our Superior QC business, which provides data analytics and technical services to increase the statistical accuracy of wellbore placement including cloud-based and remote operation wellbore placement services. We had approximately 3,000 full-time employees as of December 31, 2020.
The information throughout this report generally applies to Patterson-UTI Energy, Inc. company-wide; however, in some instances, we share details that relate to a specific business unit. In particular, the practices of our contract drilling business and/or our pressure pumping business, our two largest businesses, are highlighted where appropriate.
Unless otherwise noted or as the context otherwise requires, the quantitative disclosures presented in this report are for the fiscal year ended December 31, 2020, and the narrative disclosures presented in this report are current as of December 31, 2020.
Our sustainability report is intended to address what we view as our material environmental, social and governance (ESG) issues. In assessing the material topics to address in our sustainability report, we considered feedback from internal and external stakeholders, including customers, investors, trade associations and industry groups, and engaged with an ESG consultancy to benchmark our disclosure against that of our peers. In particular, we considered recent feedback regarding various disclosure frameworks, and elected to align our disclosures following the frameworks set forth by the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD). Mapping of these disclosures can be located in the Data and Approach section of this website. We have also included disclosures on additional topics not covered by SASB and TCFD in response to stakeholder feedback.
We welcome feedback on this report. Comments may be submitted to us via email at email@example.com. Please see the Disclaimer section for additional important information regarding this report.