Patterson-UTI Energy Inc, founded in 1978 and headquartered in Houston, Texas, is a leading provider of drilling and completions services to onshore oil and natural gas exploration and production companies across North America. The company offers a diverse range of services, including contract drilling, pressure pumping, and rental tools, positioning itself as a key player in the energy sector.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PTEN 3.95% 2028-02-01 USDPatterson-UTI Energy Inc | United States | 2028-02-01 | 3.950 | 4.82 |
| PTEN 3.95% 2028-02-01 USDPatterson-UTI Energy Inc | United States | 2028-02-01 | 3.950 | 3.63 |
| PTEN 3.95% 2028-02-01 USDPatterson-UTI Energy Inc | United States | 2028-02-01 | 3.950 | 3.63 |
| PTEN 5.15% 2029-11-15 USDPatterson-UTI Energy Inc | United States | 2029-11-15 | 5.150 | 5.11 |
| PTEN 7.15% 2033-10-01 USDPatterson-UTI Energy Inc | United States | 2033-10-01 | 7.150 | 6.19 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Patterson-UTI began issuing bonds in the early 2000s, with significant milestones including a $500 million senior unsecured notes issuance in 2018, aimed at refinancing existing debt. As of late 2023, the company’s bonds have shown competitive yields relative to industry peers, benefiting from a strong demand for energy sector financing. Recent reports also indicate enhanced investor interest as the firm navigates capital markets amid fluctuations in crude oil prices, with a focus on maintaining liquidity and strategic expansion.