Message from Our Chief Executive Officer

I am pleased to share with you Patterson-UTI’s 2020 sustainability report. 2020 was a challenging year, both due to industry conditions and the COVID-19 pandemic, and we are proud of our people and their performance under difficult circumstances.

At Patterson-UTI, our corporate culture is built on our core values, and we are proud to conduct our business in line with those values. Our core values are:

  • Safety and Environment: The safety of our employees and the protection of our environment is a cornerstone, and we are committed to providing a safe, incident-free work environment for all.
  • Operational Excellence: We deliver high-quality, value-added services and focus on innovative solutions in all aspects of our work.
  • Honesty and Integrity: We will act with honesty and integrity in everything we do.
  • Diversity, Inclusion and Respect: We are committed to workplace diversity and to fostering a culture of inclusion and respect.
  • Development of our People: We are committed to the growth and development of every employee.
  • Profitable Business: We are committed to delivering superior returns.
Andy Hendricks CEO Patterson-UTI

Consistent with these core values, we are committed to effective environmental, social and governance (ESG) management for the long-term benefit of our shareholders, employees and communities.

As part of this commitment to ESG management, we aim to minimize our environmental impact in the communities in which we work and live, while providing services for our customers in a safe and responsible manner. We invest extensively in the safety, health and well-being of our people, who are our most important asset and our greatest strength. Workplace diversity is important to us, and we value a respectful and supportive culture for our employees. We maintain a rigorous focus on ethics and integrity at every level of our operations, a practice on which all of our success depends.

Our employees and our company have taken significant steps to positively impact ESG matters, while delivering value to our customers. I am proud of the initiatives we have pursued, and I hope that this year’s sustainability report helps to highlight some of these efforts.

We welcome your feedback.

Thank you,

Andy Hendricks Signature

Andy Hendricks

President & Chief Executive Officer