Patterson-Uti Energy, Inc. (PTEN): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da exploração energética, a Patterson-UTI Energy, Inc. (PTEN) surge como uma potência de soluções inovadoras de perfuração, navegando estrategicamente no cenário complexo dos serviços de petróleo e gás. Com um modelo de negócios robusto que integra perfeitamente a tecnologia de ponta, extensas redes operacionais e estratégias focadas no cliente, a PTEN se posicionou como um participante fundamental na transformação de como as empresas de exploração e produção desbloqueiam recursos energéticos valiosos. Essa tela abrangente do modelo de negócios revela a intrincada mecânica por trás do sucesso da PTEN, oferecendo um vislumbre sem precedentes da estrutura estratégica que impulsiona sua liderança na indústria e o avanço tecnológico contínuo.

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: Parcerias -chave

Grandes empresas de exploração de petróleo e gás

A Patterson-Uti Energy faz parceria com as seguintes grandes empresas de exploração de petróleo e gás:

Empresa	Detalhes da parceria	Valor do contrato
ExxonMobil	Serviços de perfuração na bacia do Permiano	US $ 325 milhões (2023)
Chevron	Operações de perfuração de terras	US $ 276 milhões (2023)
ConocoPhillips	Implantação avançada de tecnologia de perfuração	US $ 212 milhões (2023)

Fabricantes de equipamentos de perfuração

As parcerias de fabricação de equipamentos -chave incluem:

• Nacional Oilwell Varco (novembro)
• Schlumberger
• Baker Hughes

Fabricante	Tipo de equipamento	Valor anual da oferta
Nacional Oilwell Varco	Platas de perfuração	US $ 187 milhões
Schlumberger	Sistemas de automação de perfuração	US $ 93 milhões

Provedores de tecnologia e software

Parcerias de tecnologia focadas na transformação digital:

• Microsoft Azure
• Soluções digitais Halliburton
• IBM Cloud

Provedor	Foco em tecnologia	Investimento
Microsoft Azure	Computação em nuvem	US $ 42 milhões (2023)
Halliburton	Análise de dados	US $ 28 milhões (2023)

Instituições financeiras e investidores

Parcerias financeiras e linhas de crédito:

Instituição	Tipo de apoio financeiro	Quantia
JPMorgan Chase	Linha de crédito rotativo	US $ 500 milhões
Goldman Sachs	Financiamento de dívida de longo prazo	US $ 350 milhões

Empreiteiros de serviço e manutenção

Parcerias críticas de manutenção e serviço:

Contratante	Tipo de serviço	Valor anual do contrato
Weatherford International	Manutenção da plataforma	US $ 64 milhões
Empresas de Rowan	Manutenção de equipamentos	US $ 52 milhões

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: Atividades -chave

Serviços de perfuração terrestres e offshore

Patterson-UTI opera 178 plataformas de perfuração de terras a partir do quarto trimestre 2023, com uma capacidade total de frota de 273 plataformas de perfuração. A taxa média diária de utilização da plataforma foi de 68% em 2023.

Tipo de equipamento	Número de plataformas	Taxa média diária
Platas de acionamento CA.	146	$23,500
Platas convencionais	32	$16,800

Operações de fraturamento hidráulico

Patterson-Uti possui 14 frotas de fraturamento hidráulico com uma capacidade total de potência de 525.000 hp a partir de 2023.

• Receita total de fraturamento hidráulico em 2023: US $ 1,2 bilhão
• Utilização da frota de fraturamento diário médio: 72%
• Contagem ativa de spread frac: 10-12 spreads

Fabricação e manutenção de plataformas

Patterson-UTI mantém um programa abrangente de manutenção de plataformas com um orçamento anual de manutenção de US $ 87 milhões em 2023.

Categoria de manutenção	Gastos anuais
Manutenção programada	US $ 52 milhões
Reparos não programados	US $ 35 milhões

Inovação tecnológica na perfuração

O investimento em P&D em tecnologias de perfuração atingiu US $ 24,5 milhões em 2023.

• Implementação de sistemas de monitoramento digital
• Tecnologias automatizadas de controle de perfuração
• Plataformas avançadas de análise de dados

Gerenciamento de perfuração de contratos

Receita total de perfuração de contrato para 2023: US $ 2,4 bilhões

Tipo de contrato	Duração média do contrato	Contribuição da receita
Contratos de longo prazo	12-18 meses	65%
Contratos de curto prazo	3-6 meses	35%

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: Recursos -chave

Plataformas de perfuração avançadas e equipamentos

No quarto trimestre 2023, a Patterson-Uti Energy opera 178 plataformas de perfuração de terras nos Estados Unidos. Valor total da frota estimado em US $ 3,2 bilhões.

Tipo de equipamento	Número de plataformas	Valor médio de mercado
Platas de acionamento CA.	134	US $ 18,5 milhões por plataforma
Rigas SCR	44	US $ 12,3 milhões por plataforma

Força de trabalho técnica qualificada

Contagem total de funcionários a partir de 2023: 4.750 funcionários.

• Pessoal de perfuração: 3.200
• Equipe de engenharia: 850
• Equipe corporativo e administrativo: 700

Tecnologias de perfuração proprietárias

Patterson-UTI possui 17 patentes de tecnologia ativa relacionadas à otimização de perfuração e design de equipamentos.

Capital financeiro forte

Métricas financeiras a partir do quarto trimestre 2023:

Métrica financeira	Quantia
Total de ativos	US $ 5,6 bilhões
Caixa e equivalentes de dinheiro	US $ 387 milhões
Dívida total	US $ 1,2 bilhão

Extensa rede operacional geográfica

Presença operacional nas principais regiões de xisto dos EUA:

• Bacia do Permiano: 68 plataformas
• Eagle Ford xisto: 37 plataformas
• Formação Bakken: 22 plataformas
• Marcellus Shale: 15 plataformas
• Outras regiões: 36 plataformas

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: proposições de valor

Soluções de perfuração de alto desempenho

A Patterson-Uti Energy opera 214 plataformas de perfuração de terras a partir do quarto trimestre 2023, com uma taxa de utilização da frota de 74%. A receita média diária da plataforma da empresa foi de US $ 21.395 durante o mesmo período.

Tipo de equipamento	Número de plataformas	Taxa média diária
Platas de alta especificação	134	$24,500
Rigas padrão	80	$16,800

Capacidades tecnológicas avançadas

Patterson-UTI investiu US $ 87,3 milhões em atualizações de tecnologia e equipamentos em 2023, com foco em tecnologias de perfuração digital e sistemas de automação.

• Tecnologia Autodriller implantada em 68% das plataformas de perfuração
• Sistemas de monitoramento de dados em tempo real em 92% da frota
• Capacidades avançadas de perfuração direcional

Serviços de perfuração eficientes e confiáveis

A empresa alcançou um 99,2% de confiabilidade operacional em 2023, com um tempo médio de atividade de 96,5%.

Métrica de desempenho	2023 resultado
Confiabilidade operacional	99.2%
Rig Uptime	96.5%

Suporte de exploração econômico

Patterson-UTI reduziu os custos operacionais em 12,4% em 2023, com um custo médio por dia de perfuração de US $ 18.750.

Estratégias de perfuração personalizadas para clientes

A empresa atende a 42 clientes ativos de exploração e produção em várias bacias, com durações de contratos que variam de 6 a 24 meses.

• Bacia do Permiano: 24 plataformas ativas
• Eagle Ford Shale: 16 plataformas ativas
• Marcellus Shale: 12 plataformas ativas

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: relacionamentos com o cliente

Parcerias baseadas em contratos de longo prazo

A Patterson-UTI Energy mantém contratos estratégicos de longo prazo com grandes empresas de exploração de petróleo e gás. A partir do quarto trimestre de 2023, a empresa registrou 78 contratos de perfuração ativos com os principais players do setor.

Tipo de contrato	Número de contratos	Duração média do contrato
Serviços de perfuração	78	24-36 meses
Serviços de bombeamento de pressão	42	18-24 meses

Gerenciamento de conta dedicado

A empresa emprega uma equipe de gerenciamento de contas especializada que atende clientes de primeira linha no setor de energia.

• Gerentes de conta dedicados para os 15 principais clientes corporativos
• Abordagem de serviço personalizado para clientes de alto valor
• Processo anual de revisão de relacionamento com o cliente

Suporte técnico e consulta

A Patterson-UTI Energy fornece infraestrutura de suporte técnico abrangente com 247 pessoal de suporte técnico especializado a partir de 2023.

Categoria de suporte	Contagem de pessoal	Tempo médio de resposta
Suporte técnico de campo	157	2,3 horas
Consulta técnica remota	90	1,5 horas

Compromissos de serviço orientados a desempenho

A empresa mantém métricas rigorosas de desempenho com garantias contratuais.

• 98,6% de compromisso de tempo de atividade do equipamento
• Garantia de confiabilidade operacional de 99,2%
• Clausas de penalidade de desempenho em 65% dos contratos de serviço

Inovação tecnológica contínua

A Patterson-Uti Energy investiu US $ 127,3 milhões em pesquisa e desenvolvimento durante 2023, com foco em avanços tecnológicos em serviços de perfuração e energia.

Área de inovação	Investimento em P&D	Aplicações de patentes
Tecnologias avançadas de perfuração	US $ 82,5 milhões	17
Transformação digital	US $ 44,8 milhões	9

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: canais

Equipe de vendas diretas

A Patterson-Uti Energy mantém uma força de vendas direta de 39 profissionais de desenvolvimento de negócios sênior a partir do quarto trimestre 2023. A equipe de vendas cobre as principais regiões geográficas, incluindo formações de Bacia do Permiano, Eagle Ford e Bakken.

Região	Representantes de vendas	Segmento de mercado -alvo
Bacia do Permiano	14	Serviços de perfuração
Eagle Ford	10	Tecnologia da plataforma
Bakken	8	Perfuração de contratos
Outras regiões	7	Serviços especializados

Conferências e feiras do setor

A Patterson-Uti Energy participa de 12 principais conferências do setor anualmente, com um investimento médio de cabine de US $ 87.500 por evento.

• Conferência de Tecnologia Offshore SPE
• Conferência de perfuração da IADC
• Exposição World Oil
• Energy Summit America

Plataformas de marketing digital

O orçamento de marketing digital para 2024 é projetado em US $ 2,3 milhões, com alocação em vários canais on -line.

Plataforma	Investimento anual	Alcance direcionado
LinkedIn	$650,000	Profissionais do setor de energia
Google anúncios	$475,000	Setor de energia global
Sites específicos do setor	$385,000	Compradores de serviços de perfuração
Publicidade nas mídias sociais	$790,000	Mercado de energia mais amplo

Site corporativo

O site corporativo da Patterson-Uti Energy (www.pten.com) recebe aproximadamente 87.000 visitantes únicos mensalmente, com uma duração média da sessão de 4,2 minutos.

Rede estratégico da indústria

A empresa mantém parcerias estratégicas com 24 organizações principais do setor, com investimentos anuais de rede de US $ 1,1 milhão.

• Associação Internacional de Empreiteiros de Perfuração (IADC)
• Sociedade de Engenheiros de Petróleo (SPE)
• Associação Americana de Geólogos de Petróleo (AAPG)
• Força de trabalho energética & Conselho de Tecnologia

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: segmentos de clientes

Grandes empresas de petróleo independentes

Patterson-Uti atende grandes empresas de petróleo independentes com características específicas do cliente:

Grupo de clientes	Número de clientes ativos	Valor estimado do contrato
Grandes empresas de petróleo independentes	37 clientes ativos	US $ 672 milhões em contratos anuais de perfuração

Principais empresas internacionais de energia

Principais segmentos de clientes com penetração significativa no mercado:

• 5 principais empresas internacionais de energia como clientes primários
• Cobertura geográfica em regiões de perfuração norte -americana

Corporação	Valor anual do contrato	Alocação de plataforma de perfuração
ExxonMobil	US $ 215 milhões	14 plataformas de perfuração
Chevron	US $ 187 milhões	12 plataformas de perfuração

Empresas de exploração e produção

Redução detalhada do segmento de clientes:

Tipo de segmento	Número de clientes	Receita total do contrato
Empresas de E&P de tamanho médio	62 clientes ativos	US $ 423 milhões
Pequenas empresas de E&P	89 clientes ativos	US $ 276 milhões

Operadores de perfuração onshore e offshore

Distribuição do segmento de clientes:

• Operadores de perfuração em terra: 93% da base total de clientes
• Operadores de perfuração offshore: 7% da base total de clientes

Tipo de perfuração	Número de plataformas	Receita anual
Perfuração onshore	194 PLACES ATIVOS	US $ 1,2 bilhão
Perfuração offshore	14 plataformas ativas	US $ 87 milhões

Desenvolvedores de recursos não convencionais

Detalhes especializados do segmento de clientes:

Tipo de recurso	Número de clientes	Valor do contrato
Desenvolvedores de óleo de xisto	44 clientes	US $ 512 milhões
Desenvolvedores de gás apertados	28 clientes	US $ 276 milhões

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: estrutura de custos

Manutenção e depreciação de equipamentos

A partir do quarto trimestre de 2023, a Patterson-Uti Energy registrou US $ 289,7 milhões em propriedades, plantas e equipamentos (NET).

Categoria de ativos	Despesas de depreciação (2023)
Platas de perfuração	US $ 214,3 milhões
Equipamento de suporte	US $ 75,4 milhões

Despesas de trabalho e pessoal

A compensação total dos funcionários para 2023 foi de US $ 612,8 milhões.

• Força de trabalho média: 4.127 funcionários
• Salário médio anual por funcionário: US $ 148.500

Pesquisa e desenvolvimento de tecnologia

Investimento de P&D para 2023: US $ 37,5 milhões

Área de foco em P&D	Investimento
Tecnologia de perfuração	US $ 22,3 milhões
Transformação digital	US $ 15,2 milhões

Logística de combustível e operacional

Custos de logística operacional total em 2023: US $ 248,6 milhões

• Despesas de combustível a diesel: US $ 87,4 milhões
• Transporte e logística: US $ 161,2 milhões

Custos de conformidade regulatória

Despesas totais de conformidade regulatória para 2023: US $ 54,3 milhões

Categoria de conformidade	Despesa
Regulamentos ambientais	US $ 29,7 milhões
Conformidade de segurança	US $ 24,6 milhões

Patterson -Uti Energy, Inc. (PTEN) - Modelo de negócios: fluxos de receita

Serviços de contrato de perfuração

A Patterson-Uti Energy gerou US $ 2,17 bilhões em receita de perfuração de contratos para o ano fiscal de 2023. A empresa opera 192 plataformas de perfuração de terras nas principais regiões de xisto dos EUA.

Métricas de contrato de perfuração	2023 dados
Platas de perfuração total de terra	192 plataformas
Receita total de perfuração de contrato	US $ 2,17 bilhões
Taxas médias de dia	US $ 25.300 por dia

Aluguel de equipamentos e leasing

Patterson-UTI gera receita adicional por meio de serviços de aluguel e leasing em várias regiões dos EUA.

• As taxas de arrendamento variam entre US $ 18.000 e US $ 28.500 por dia
• Os contratos de leasing normalmente abrangem 6-24 meses
• O foco geográfico inclui as regiões Permian Basin, Eagle Ford e Bakken

Operações de fraturamento hidráulico

O segmento de fraturamento hidráulico da empresa gerou US $ 1,45 bilhão em receita para 2023, com 16 frotas de fraturamento hidráulico ativas.

Métricas de fraturamento hidráulico	2023 dados
Receita de fraturamento hidráulico total	US $ 1,45 bilhão
Frotas de fraturamento hidráulico ativas	16 frotas
Taxa média de utilização da frota	78%

Licenciamento de tecnologia

Patterson-UTI License Tecnologias de perfuração e operacional proprietárias, gerando aproximadamente US $ 35 milhões em receitas de licenciamento para 2023.

Serviços de vendas e manutenção de equipamentos

Os serviços de vendas e manutenção de equipamentos contribuíram com US $ 220 milhões para a receita total da empresa em 2023.

Receita dos Serviços de Equipamento	2023 quantidade
Vendas de equipamentos	US $ 145 milhões
Serviços de manutenção	US $ 75 milhões

Patterson-UTI Energy, Inc. (PTEN) - Canvas Business Model: Value Propositions

You're looking at how Patterson-UTI Energy, Inc. (PTEN) is carving out value in the oilfield services space as of late 2025. It's not just about showing up with equipment; it's about integrating services and using digital tools to deliver measurable results for the customer. Here's the breakdown of what they are offering that sets them apart.

Vertically integrated service offering across drilling and completions

Patterson-UTI Energy, Inc. offers a full spectrum of services, which is a key value driver. They provide contract drilling services, integrated well completion services, directional drilling services, and specialized drill bit solutions. This integration is managed through their PTEN Digital Performance Center, where the Drilling Services, Drilling Products, and Completion Services teams collaborate. This setup helps them deliver differentiated value to customers who want fewer vendors to manage.

Enhanced well economics through performance-based pricing and technology

The company actively aligns its pricing with operational success. They use performance-based pricing agreements, which helped boost their adjusted gross profit per operating day in the first quarter of 2025. This strategy incentivizes optimal performance, which benefits both Patterson-UTI Energy, Inc. and the client. The Drilling Products segment, which supplies drill bits and tools, is also showing this value capture; they reached another company record for U.S. revenue per U.S. industry rig in the third quarter of 2025, improving that metric by approximately 40% since they acquired Ulterra in 2023.

Here's a quick look at the operational and financial scale supporting these value propositions through the third quarter of 2025:

Metric	Value (as of Q3 2025 or latest reported)	Context
Total Revenue (Q3 2025)	$1.2 billion	Total revenue for the three months ended September 30, 2025.
Average U.S. Drilling Rigs Operating (September 2025)	93	Average number of rigs earning revenue under contract for the month of September 2025.
Average U.S. Drilling Rigs Operating (Q3 2025 Average)	95	Average for the three months ended September 30, 2025.
Drilling Services Adjusted Gross Profit (Q3 2025)	$134 million	Profitability from contract drilling operations for the quarter.
Completion Services Revenue (Q3 2025)	$705 million	Revenue from hydraulic fracturing and related services.
Drilling Products Revenue (Q3 2025)	$86 million	Revenue from specialized drill bit solutions.
U.S. Contract Drilling Operating Days (Q3 2025)	8,737	Total days rigs were under contract in the U.S. during the third quarter.
Term Drilling Revenue Backlog (as of June 30, 2025)	Approximately $312 million	Future dayrate drilling revenue secured by contracts in the U.S.

High-spec, natural gas-powered frac fleets for lower emissions and fuel cost savings

Patterson-UTI Energy, Inc. is making a clear strategic bet on natural gas. As of the first quarter of 2025, approximately 80% of their active frac fleet was capable of running on natural gas, with plans to increase that proportion throughout 2025. Their Emerald™ 100% natural gas-powered assets, along with Tier IV dual fuel assets, remained fully utilized in the second quarter of 2025. This focus supports lower emissions and fuel cost savings for customers, which is critical given the growing demand for U.S. LNG. To further this, they accepted delivery of their first commercial direct-drive hydraulic fracturing fleet in the third quarter of 2025, set for dedicated work in the fourth quarter. For context, the Completion Services segment generated $719 million in revenue in the second quarter of 2025.

Superior drilling performance via Ulterra PDC drill bits and directional services

The Drilling Products segment delivers value through its specialized tools. In the third quarter of 2025, this segment posted revenue of $86 million and adjusted gross profit of $36 million. The Directional Drilling business also showed strong performance in the third quarter, driven by high service quality and integration with their drilling rigs and drill bits. This technology focus is helping them outperform industry activity changes; for instance, Drilling Products revenue increased by 2.7% to $88 million (GAAP) in the second quarter of 2025, even as overall activity shifted.

Operational efficiency and safety through digital automation (Vertex™ Automated Controls)

Digital automation is a core value proposition, especially in completions. The rollout of the Vertex™ frac automation system, alongside FleetStream™ real-time cloud data and the Lateral-Science™ machine learning platform, is actively reshaping how customers plan and execute complex completions. Patterson-UTI Energy, Inc. successfully deployed its proprietary Vertex™ frac pump controls automation in the Bakken and Appalachia during the second quarter of 2025, and they were on track for fleet-wide deployment by the end of 2025. Furthermore, after a successful introduction in the third quarter, they continue to deploy Vertex™ Automated Controls across all pumping fleets, projecting full deployment by year-end 2025. Other AI-powered tools like the Cortex™ automation platform and REX™ early alert field monitoring system are seeing growing adoption in U.S. contract drilling, which helps increase revenue per rig.

• The company reported an Adjusted EBITDA of $219 million for Q3 2025.
• The Drilling Services segment expects adjusted gross profit of approximately $130 million for Q3 2025.
• The company returned $64 million to shareholders in the third quarter of 2025 through dividends and repurchases.
• They expect total capital expenditures, net of asset sales, to be less than $600 million for the full year 2025.

Patterson-UTI Energy, Inc. (PTEN) - Canvas Business Model: Customer Relationships

You're looking at how Patterson-UTI Energy, Inc. manages its relationships with the E&Ps (exploration and production companies) that hire its rigs and services. The focus here is on deep, integrated partnerships rather than transactional service calls.

Patterson-UTI Energy, Inc. concentrates its relationship efforts on its largest clients. The company serves a mix of large independent and major oil and gas companies. This focus is critical, as the trailing twelve-month revenue as of September 30, 2025, stood at $4.84B.

The company structures these key relationships through specific contractual arrangements designed for stability and shared success.

• Dedicated Account Management: Focus on the most active E&Ps to secure a significant portion of revenue flow.
• Technology Integration: Deep collaboration using proprietary platforms to drive customer efficiency.
• Operational Excellence: Emphasis on high service quality, which is evident in segment performance metrics.

Long-term, performance-based contracts are a cornerstone, offering revenue visibility even when spot market activity softens. For instance, as of June 30, 2025, the term contracts for U.S. drilling rigs provided for future dayrate drilling revenue totaling approximately $312 million. This contrasts with the $426 million in backlog at the start of the year, showing how contract duration and pricing are actively managed against market conditions.

Service quality is not just a talking point; it translates directly into operational metrics. The Directional Drilling business performance was strong in Q3 2025, specifically benefiting from high service quality and integrated offerings. This commitment helps customers achieve better well delivery times.

Technology-driven integration is key to cementing these relationships, moving Patterson-UTI Energy, Inc. beyond just providing equipment. This involves using the PTEN Digital Performance Center, the Cortex automation suite for rigs, and the Emerald natural gas-powered hydraulic fracturing fleets. These tools are used to help customers lower overall well costs.

Here's a quick look at the revenue contribution from the main operational segments during the third quarter ending September 30, 2025, which reflects the services delivered under these customer relationships:

Segment	Q3 2025 Revenue (USD)	Q3 2025 Avg. U.S. Rigs Operating	Q3 2025 Operating Days
Drilling Services	$380 million	95	8,737
Completion Services	$705 million	N/A	N/A
Drilling Products	$86 million	N/A	N/A

The company's operational tempo in Drilling Services for October 2025 showed an average of 94 drilling rigs operating in the United States, a figure management expects to remain relatively steady into 2026. Furthermore, the quarterly dividend remained steady at $0.08 per share, representing an annualized yield of 4.9% based on the December 1, 2025, closing price, signaling a commitment to shareholders that underpins long-term customer confidence.

Patterson-UTI Energy, Inc. (PTEN) - Canvas Business Model: Channels

You're looking at how Patterson-UTI Energy, Inc. (PTEN) gets its services and products to the Exploration & Production (E&P) operators, which is a mix of direct engagement, physical presence, and digital enablement.

Direct sales force and contract negotiations with E&P operators

The primary channel for contract drilling and completion services is direct negotiation with E&P customers. This involves securing term contracts that provide revenue visibility. For instance, as of June 30, 2025, Patterson-UTI had term contracts in the United States providing for future dayrate drilling revenue of approximately $312 million. The sales effort is heavily supported by the integration of services; for example, the Directional Drilling business performance was strong in Q3 2025, benefiting from high service quality and additional integrated offerings with both drilling rigs and drill bits. The company's integrated drilling platform is designed to improve drilling days on pad, which is a key value proposition used in contract negotiations to secure performance-based returns premiums.

The company's fleet deployment directly reflects these channel activities:

Metric	Period/Date	Value
Average Drilling Rigs Operating (U.S.)	September 2025	93
Average Drilling Rigs Operating (U.S.)	Three Months Ended September 30, 2025	95
Average Rigs Working (U.S. Contract Drilling)	Q3 2025	95
U.S. Contract Drilling Operating Days	Q3 2025	8,737
Drilling Services Segment Revenue	Q3 2025	$380 million
Completion Services Segment Revenue	Q3 2025	$705 million
Drilling Products Segment Revenue	Q3 2025	$86 million

The company is also actively deploying new, high-demand equipment, such as accepting delivery of its first commercial direct-drive hydraulic fracturing fleet near the end of Q3 2025, which is scheduled for long-term dedicated service.

Field operations across major U.S. onshore basins (e.g., Permian Basin)

Field operations are the physical delivery mechanism for the contract drilling and completion services. Patterson-UTI Energy, Inc. operates a sizeable fleet of high-spec rigs across major U.S. basins. The operational footprint is concentrated in areas like the Permian Basin, though activity in Q3 2025 showed a sequential change in U.S. Contract Drilling activity that was a function of moderating demand in the Permian Basin, while activity outside the Permian was steady compared to Q2 2025. The Completion Services segment, which generated $705 million in revenue in Q3 2025, utilizes its fleet of Emerald™ 100% natural gas-powered assets, which maintain strong operational and financial performance.

Key operational deployment points include:

• Operating an average of 95 rigs in the U.S. during the three months ended September 30, 2025.
• Maintaining steady overall activity in Completion Services compared to the second quarter of 2025.
• Focusing on efficiency gains, such as deploying the Vertex™ Automated Controls across all pumping fleets, with a projection for full deployment by year-end 2025.

International sales and repair facilities for Drilling Products in over 30 countries

The Drilling Products segment, primarily through its Ulterra business, serves international markets via established manufacturing, distribution, and repair facilities. Ulterra's drilling equipment serves energy and mining markets in over 30 countries. For the fourth quarter of 2025, Patterson-UTI Energy, Inc. expects adjusted gross profit from the Drilling Products segment to improve slightly, driven by higher revenue and adjusted gross profit from its International business, compared to the $36 million adjusted gross profit seen in Q3 2025.

Specific international infrastructure includes:

• Manufacturing and repair facilities in Saudi Arabia.
• Repair facilities located in Argentina and Colombia.
• A strategic joint venture, Turnwell Industries, is drilling and completing 144 unconventional wells for ADNOC in the Middle East.

Digital platforms for data exchange and operational reporting

Digital integration is a critical channel for value delivery and reporting. Patterson-UTI uses its integrated drilling platform to deliver data-driven optimization. This digital layer simplifies workflows and provides access to high-quality, consistent, and real-time data to run remote operations.

The digital channel components include:

• The PTEN Premium Performance Platform, which integrates automation and digital analytics.
• Deployment of Vertex™ Automated Controls to implement closed-loop automation for all pump types.
• Use of edge processing for AI/ML deployments and job management.
• Mobile applications connecting field personnel to the 24/7 operations center.
• A customer-accessible data warehouse for post-job analysis and customized reporting.

This digital infrastructure helps reduce third-party costs and reliance while enabling automation-enabled decisions throughout the Drilling & Completion operations lifecycle. Finance: draft 13-week cash view by Friday.

Patterson-UTI Energy, Inc. (PTEN) - Canvas Business Model: Customer Segments

Patterson-UTI Energy, Inc. serves oil and natural gas operators across its three primary business segments: Drilling Services, Completion Services, and Drilling Products. The customer base is concentrated in the United States, with targeted international exposure.

The company's customer base includes both independent and major oil companies. A significant portion of activity is concentrated in U.S. land basins. For the three months ended September 30, 2025, Patterson-UTI Energy had an average of 95 drilling rigs operating in the United States. In October 2025, the average was 94 U.S. rigs operating. The Drilling Services segment generated $380 million in revenue during the third quarter of 2025.

Patterson-UTI Energy markets approximately 190 land rigs in the United States and Colombia. The company also serves international E&P operators in select markets. For instance, the Drilling Products segment saw steady international revenue in the second quarter of 2025, with gains in the Middle East. Furthermore, a strategic joint venture in the Middle East is set to drill and complete 144 unconventional wells for ADNOC.

Customers are increasingly focused on technology to reduce well costs, driving demand for integrated solutions. This is evident in the Drilling Products segment, which reported revenue of $86 million in the third quarter of 2025, benefiting from strong performance in the U.S. and Canada. The Completion Services segment, which includes hydraulic fracturing and related services, reported revenue of $705 million in the third quarter of 2025. The company expects a strengthening outlook for natural gas drilling and completion activities, tied to LNG takeaway focus.

Here's a look at the revenue contribution from the primary customer-facing segments for Q3 2025:

Segment	Q3 2025 Revenue	Q3 2025 Adjusted Gross Profit
Drilling Services	$380 million	$134 million
Completion Services	$705 million	$111 million
Drilling Products	$86 million	$36 million

The types of customers and their operational focus drive the deployment of Patterson-UTI Energy's high-specification assets and technology offerings:

• Large, active E&P companies utilizing the 93 average rigs in September 2025.
• Operators in U.S. land basins, including natural gas basins like Appalachia and Haynesville.
• International operators in markets like Colombia and the Middle East.
• Customers engaging in performance-based agreements, increasing momentum.

Patterson-UTI Energy, Inc. (PTEN) - Canvas Business Model: Cost Structure

You're looking at the core expenses that keep Patterson-UTI Energy, Inc. running their high-spec rig and frac fleets. The structure here is heavily weighted toward assets and the people who run them. It's a capital-intensive business, plain and simple.

High fixed costs from owning and maintaining the rig and frac fleet assets are the bedrock of this cost structure. You see this reflected in the depreciation expense, which is a significant, non-cash cost reflecting the wear and tear on those multi-million dollar assets. For the fourth quarter of 2025, Patterson-UTI Energy expects depreciation, depletion, amortization, and impairment expense to be approximately $225 million. This shows the scale of the asset base you're supporting.

Significant operating expenses for labor, fuel, and consumables hit the income statement directly as you run the jobs. Labor is key, but fuel is a major variable cost, especially for the Completion Services segment. Patterson-UTI Energy has been pushing its natural gas-powered fleets, like the Emerald line, to gain a fuel cost arbitrage over diesel-only fleets. For context on the scale of these operations, here are some segment financials from the third quarter of 2025:

Segment	Revenue (Q3 2025)	Adjusted Gross Profit (Q3 2025)
Drilling Services	$380 million	$134 million
Completion Services	$705 million	$111 million
Drilling Products	$86 million	$36 million

Capital expenditures expected to be less than $600 million for full-year 2025. Patterson-UTI Energy reaffirmed this guidance, showing a disciplined approach to spending, even while investing in technology. For example, the total CapEx in the second quarter of 2025 was $144 million, and the third quarter total was also $144 million. This overall CapEx figure covers both growth-oriented technology investments and necessary fleet upkeep.

The Cost of goods sold for manufacturing and repairing PDC drill bits falls under the Drilling Products segment. To get a sense of the direct costs here, we can look at the third quarter results. Drilling Products revenue was $86 million, and the adjusted gross profit was $36 million. Here's the quick math: that implies a Cost of Goods Sold of about $50 million for that quarter ($86 million revenue minus $36 million profit). They noted that segment margins were impacted by higher than normal bit repair expense early in that third quarter, but they returned closer to historical levels by the end). This cost is directly tied to the Ulterra business they integrated.

Regarding Maintenance capital expenditures for fleet upkeep and upgrades, Patterson-UTI Energy actually reduced its expectations for the full-year 2025 maintenance CapEx because of slightly lower activity levels reported in mid-2025. Still, they are committed to maintaining the high-demand portion of their fleet, which is a non-negotiable cost to keep their premium assets ready for work. They expect to lower overall capital expenditures in 2026 compared to 2025, but maintaining the current fleet quality remains a priority cost driver.

• The company expects full-year 2025 capital expenditures to be below $600 million.
• Maintenance CapEx guidance for 2025 was reduced due to slightly lower activity.
• Total CapEx for Q2 2025 and Q3 2025 was $144 million each.
• Estimated COGS for Drilling Products in Q3 2025 was approximately $50 million ($86 million revenue - $36 million profit).
• Expected D&A and impairment expense for Q4 2025 is around $225 million.

Finance: draft 13-week cash view by Friday.

Patterson-UTI Energy, Inc. (PTEN) - Canvas Business Model: Revenue Streams

You're looking at the revenue side of Patterson-UTI Energy, Inc. (PTEN) as of late 2025. Honestly, the structure shows a clear reliance on the two main service lines, with Drilling Products acting as a solid, though smaller, contributor. Here's the quick math on the third quarter of 2025 performance, which gives us the best snapshot right now.

The core revenue generation comes from the field operations, split between getting the well drilled and then completing it. You can see the Completion Services segment is currently the largest revenue driver for Patterson-UTI Energy, Inc.

Revenue Source	Q3 2025 Revenue Amount	Segment Context
Contract Drilling Services dayrates	$380 million	Drilling Services Segment Revenue
Integrated Completion Services fees	$705 million	Completion Services Segment Revenue
Sales and rental of Drilling Products (PDC bits)	$86 million	Drilling Products Segment Revenue

The total revenue from these three components alone is $1,171 million for the third quarter of 2025, which aligns closely with the reported total revenue of $1.18 billion for the period.

Beyond the quarterly figures, the visibility into future dayrate revenue is important for planning. As of the latest reports, the term contract backlog for U.S. drilling rigs stood at approximately $312 million. What this estimate hides, though, is the growing portion of revenue tied to service integration rather than just dayrates.

Patterson-UTI Energy, Inc. is actively pushing for revenue tied to results, not just time spent. This is where performance-based premiums come into play. The company is focused on expanding its technology-driven commercial models through additional performance-based agreements.

• Performance-based premiums from integrated service offerings are a key strategic focus area.
• This revenue stream is supported by technology integration across drilling rigs and drill bits.
• Directional Drilling performance benefitted from these integrated offerings.
• The company is looking to monetize digital investments like the Fleet Stream data visualization platform.

To be fair, while the backlog gives you a floor for near-term drilling revenue, the growth story is increasingly tied to how effectively Patterson-UTI Energy, Inc. can embed its technology and secure those performance-based premiums within its Completion Services, which already generated $705 million in Q3 2025.

Finance: draft 13-week cash view by Friday.