Patterson-UTI Energy, Inc..
PTEN.US | Support activities for petroleum and natural gas extraction
Patterson-UTI Energy, Inc. is a leading provider of oilfield services and products to exploration and production companies in North America. The company operates through several segments, including contract drilling, pressure pumping, and directional drilling. The contract drilling segment owns and ...Show More
Better Health for All
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Patterson-UTI's core services, particularly hydraulic fracturing, are associated with significant negative health impacts, including toxicity concerns and aquifer contamination from fracturing fluids.
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The company's 2023 Total Recordable Incident Rate (TRIR) was 0.82, based on 20,937,765 man-hours worked.
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There is a lack of comprehensive disclosure and monitoring data regarding the health risks of hydraulic fracturing fluids, hindering risk assessment.
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The company's operations also contribute to health-harming externalities such as aquifer contamination and induced seismicity, with only partial remediation efforts mentioned for environmental impact.
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The company invests in alternative power sources and automation to reduce emissions, but specific investment amounts for health improvement are not provided.
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Fair Money & Economic Opportunity
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No evidence available to assess Patterson-UTI Energy, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No evidence available to assess Patterson-UTI Energy, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No evidence available to assess Patterson-UTI Energy, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No evidence available to assess Patterson-UTI Energy, Inc. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess Patterson-UTI Energy, Inc. on Kind to Animals.
No War, No Weapons
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Patterson-UTI Energy, Inc. is an oil and gas services provider, and its core business activities are not related to arms, defense, or military contracts.
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For all KPIs related to defense, arms, dual-use technology, military sales, peacebuilding, and related oversight, the company's financial report explicitly states 'Not applicable'.
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The company has a conflict minerals policy, committing to responsible sourcing and expecting suppliers to conduct due diligence, but no quantitative data on the percentage of its supply chain certified conflict-free is provided, nor is there evidence of traceability systems beyond basic expectations from suppliers.
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Planet-Friendly Business
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No specific, concrete data points or relevant information regarding Patterson-UTI Energy, Inc.'s environmental performance, policies, or initiatives were found across the provided articles.
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The articles are placeholder examples focusing generally on the environmental impact of hydraulic fracturing rather than company-specific metrics or actions.
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Respect for Cultures & Communities
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No evidence available to assess Patterson-UTI Energy, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess Patterson-UTI Energy, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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Patterson-UTI Energy, Inc. handles waste streams according to applicable state and federal regulations and best management practices, including compliance with lubricant disposal regulations, and has policies for handling hazardous waste.
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The company reported no waste disposal violations in 2023.
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However, the company does not provide specific waste reduction targets or metrics.
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