Patterson-UTI CEO Predicts Coming Shortage of Fracking Equipment

Patterson-UTI is a leading North American oilfield services company (OFS company) based in Houston, specializing in high-spec land drilling, pressure pumping, and directional drilling. Patterson operates one of the largest fleets of APEX® rigs, focusing on advanced, technology-driven solutions for oil and natural gas exploration. Patterson operates roughly half of the active rigs in the Marcellus/Utica. Patterson CEO Andy Hendricks made a prediction in a recent interview: Rising US natural gas exports and domestic demand from AI data centers will lead to a shortage of fracking equipment later this decade.

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