Business
Patterson-UTI Publishes Corporate Sustainability Report
HOUSTON, TX / ACCESSWIRE / May 5, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) announces the release of its fourth annual corporate sustainability report,
About this update from Patterson-uti Energy, Inc.
[{"type":"text","content":"HOUSTON, TX / ACCESSWIRE / May 5, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) announces the release of its fourth annual corporate sustainability report, showcasing the company's ongoing commitment to environmental, social, and governance (\"ESG\") issues. The report provides updates on the sustainability progress made by Patterson-UTI Energy, Inc. and includes disclosures aligned with industry-standard frameworks such as the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD). Interested parties can access the report via the sustainability section of the Company's website at esg.patenergy.com.Andy Hendricks, Chief Executive Officer of Patterson-UTI Energy, expressed his pride in the report's contents, stating, \"We are pleased to share our latest sustainability report for the fiscal year 2022. The report outlines the extensive efforts that our employees and the company have made towards minimizing our environmental impact and promoting positive ESG outcomes that benefit our shareholders, employees, and the communities where we operate. As part of our ongoing ESG management commitment, we are proud to be at the forefront of providing drilling rigs and frac spreads that are equipped with alternative fuels such as cleaner burning natural gas, high-line power from the utility grid, and our lithium battery hybrid power management system, EcoCell™. Our sustainability report highlights these initiatives and many other significant steps that we have taken to promote sustainability while delivering value to our customers in a safe and responsible manner.\"About Patterson-UTIPatterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling, pressure pumping and directional drilling services. For more information, visit www.patenergy.com.Cautionary Statement Regarding Forward-Looking StatementsThis press release contains forward-looking statements which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Patterson-UTI's current beliefs, expectations or intentions regarding future events. Words such as \"anticipate,\" \"believe,\" \"bu...