# Andy Hendricks

> Andy Hendricks is the Houston-based president and CEO of Patterson-UTI Energy. A Texas A&M petroleum engineering graduate, he began offshore with ODECO, spent 24 years at Schlumberger and became Patterson-UTI CEO in October 2012. His tenure includes the Ulterra acquisition and NexTier merger in 2023, investments in drilling technology, and industry service through IADC.

- **Role:** President and Chief Executive Officer at Patterson-UTI Energy
- **Organizations:** Patterson-UTI Energy, Schlumberger (former employer), Ocean Drilling & Exploration Company (former employer), International Association of Drilling Contractors, Society of Petroleum Engineers, The HAY Center Foundation, Texas A&M University College of Engineering Advisory Council, Creative Destruction Lab - CDL-Texas Energy
- **From:** Dallas area, United States
- **Education:** Bachelor of Science in Petroleum Engineering, Texas A&M University, Executive finance training (non-degree), IMD, Switzerland
- **Known for:** 2021 IADC Contractor of the Year, selected by fellow drilling contractors., IADC chairman in 2017 and 2023., Led Patterson-UTI during completion of the 2023 Ulterra acquisition and NexTier merger.

## Career timeline

- **1987** — Graduated from Texas A&M; began offshore rig work with ODECO.
- **1988** — Joined Schlumberger.
- **2010** — Became president of Schlumberger Drilling & Measurements in May.
- **2011** — Testified before the US Senate Committee on Energy and Natural Resources on May 10.
- **2012** — Joined Patterson-UTI as COO on April 2; became CEO on October 1.
- **2017** — Chaired IADC and joined the Patterson-UTI board in June.
- **2021** — Received IADC Contractor of the Year award on November 5.
- **2023** — Chaired IADC again; led Patterson-UTI during the Ulterra acquisition and NexTier merger.

## Achievements

- 2021 IADC Contractor of the Year, selected by fellow drilling contractors.
- IADC chairman in 2017 and 2023.
- Led Patterson-UTI during completion of the 2023 Ulterra acquisition and NexTier merger.

## Latest updates

- **2026-10** — On October 9, Patterson-UTI reported an average of 103 operating US drilling rigs in September and 101 for the third quarter. These figures measure rigs earning contract revenue, not financial performance.
- **2026-07** — In the July 29 second-quarter results release, described rising customer activity and expected further drilling and completion activity in the third quarter. The company reported $1.2 billion revenue and a $20 million net loss attributable to common stockholders.
- **2026-03** — In a Bloomberg interview published March 11, forecast that increasing natural gas demand could create a shortage of fracking equipment within two to three years; this was his outlook, not an established future outcome.

## Links

- Website: https://patenergy.com
- LinkedIn: https://www.linkedin.com/in/andy-hendricks-jr

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Profile page: https://yespress.io/andy-hendricks
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Last updated: 2026-10-24