Patterson-UTI Energy, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Energy Consumption:139,000 GJ (diesel) + 13,589,000 GJ (pressure pumping, estimated) + 21,584,000 GJ (diesel, estimated)
Water Consumption:52,000 m3 (legacy Patterson-UTI facilities)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 66% of operating rigs equipped with alternative power sources (high-line power, dual fuel, natural gas engines, or EcoCell system) in 2023.
- Launched first electric frac spread in 2023.
- Deployed GridAssist® Utility Power Management Software in 2023.
- Natural gas fueling business displaced over 55 million gallons of diesel in 2023 (162% increase over prior year).
Social Achievements
- Launched Parental Leave program in 2024.
- Supported WHOlives providing access to clean water in Kenya.
- Launched company-wide intranet (PTEN Go) to improve communication and engagement.
- Total Recordable Incident Rate (TRIR) of 0.82 in 2023.
Governance Achievements
- Percentage of executive cash incentive plan linked to HSE KPI since 2017.
- Board of Directors is 45% female and 18% racially diverse.
- Implemented robust cybersecurity program aligned with NIST Framework.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Meeting customer demands for lower-emissions equipment while managing fleet composition.
- Managing climate-related risks (policy and legal, market/technology, reputational, and physical risks).
- Reducing water consumption due to customer control over water usage at well sites.
Mitigation Strategies
- Investing in lower-emissions technology (dual fuel equipment, natural gas engines, EcoCell, GridAssist).
- Developing new products, software, and services to meet customer demand for lower-emissions operations.
- Monitoring and assessing new policies and regulations to determine impact on operations.
- Implementing a comprehensive Environmental Management System (EMS).
Supply Chain Management
Responsible Procurement
- Procurement from local suppliers where practicable.
- Competitive selection of suppliers based on clear criteria.
- Vendor Guidelines complementing Code of Business Conduct and Ethics.
Climate-Related Risks & Opportunities
Physical Risks
- Increased frequency and severity of storms, floods, and other climatic events.
- Increased heat stress on personnel and equipment.
- Water shortages.
Transition Risks
- Policy and legal risks (emissions regulations, GHG reporting, restrictions on drilling activities).
- Market/technology risks (substitution of traditional oil and gas services with lower-emissions options, costs to transition to lower-emissions technology).
- Reputational risks (concerns about the oil and gas sector due to climate change issues).
Opportunities
- Leadership position in equipment, technology, and software solutions for lower-emissions operations.
- Opportunities related to renewable energy sources.
Reporting Standards
Frameworks Used: SASB (Oil & Gas – Exploration and Production), TCFD
Certifications: ISO 9001, ISO 14001, ISO 45001
Sustainable Products & Innovation
- EcoCell battery storage
- Natural gas compression and delivery
- GridAssist Utility Power Management Software
Awards & Recognition
- 25 Influential Women in Energy (Courtney Brownie)
- Women in Business honoree (Maria Mejia)
- National ORBIE Large Enterprise winner (Umar Farooq)
- Top 55 Medium Workplaces in Dallas-Fort Worth (Drilling Products business)