Robert Drummond Jr. Biography and Net Worth

Director of Patterson-UTI Energy

Currently, Robert Wayne Drummond is President, Chief Executive Officer & Director at NexTier Oilfield Solutions, Inc. He is also on the board of Frank's International NV and Petroleum Equipment Suppliers Association and Member of Society of Petroleum Engineers, Inc. In his past career Mr. Drummond was President, Chief Executive Officer & Director at Key Energy Services, Inc., President-North America, VP & GM-US Land at Schlumberger NV and Chief Executive Officer & Director at Keane Group, Inc. Robert Wayne Drummond received an undergraduate degree from The University of Alabama.

What is Robert Wayne Drummond Jr.'s net worth?: The estimated net worth of Robert Wayne Drummond Jr. is at least $13.28 million as of February 14th, 2025. Mr. Drummond Jr. owns 1,549,081 shares of Patterson-UTI Energy stock worth more than $13,275,624 as of March 27th. This net worth evaluation does not reflect any other assets that Mr. Drummond Jr. may own. Learn More about Robert Wayne Drummond Jr.'s net worth.
How do I contact Robert Wayne Drummond Jr.?: The corporate mailing address for Mr. Drummond Jr. and other Patterson-UTI Energy executives is 10713 WEST SAM HOUSTON PARKWAY NORTH SUITE 800, HOUSTON TX, 77064. Patterson-UTI Energy can also be reached via phone at (281) 765-7100 and via email at investor.relations@patenergy.com. Learn More on Robert Wayne Drummond Jr.'s contact information.
Has Robert Wayne Drummond Jr. been buying or selling shares of Patterson-UTI Energy?: In the last ninety days, Robert Wayne Drummond Jr. has sold $2,044,700.00 in Patterson-UTI Energy stock. Most recently, Robert Wayne Drummond, Jr. sold 230,000 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $8.89, for a transaction totalling $2,044,700.00. Following the completion of the sale, the director now directly owns 1,549,081 shares of the company's stock, valued at $13,771,330.09. Learn More on Robert Wayne Drummond Jr.'s trading history.
Who are Patterson-UTI Energy's active insiders?: Patterson-UTI Energy's insider roster includes Kenneth Berns (EVP), Tiffany Cepak (Director), Robert Drummond Jr. (Director), William Hendricks, Jr. (CEO), James Holcomb (Insider), Charles Smith (CFO), James Stewart (Director), and Seth Wexler (SVP). Learn More on Patterson-UTI Energy's active insiders.
Are insiders buying or selling shares of Patterson-UTI Energy?: In the last year, Patterson-UTI Energy insiders bought shares 1 times. They purchased a total of 25,000 shares worth more than $197,000.00. In the last year, insiders at the oil and gas company sold shares 4 times. They sold a total of 508,149 shares worth more than $4,723,265.58. The most recent insider tranaction occured on March, 12th when CEO William Andrew Hendricks Jr bought 25,000 shares worth more than $197,000.00. Insiders at Patterson-UTI Energy own 2.3% of the company. Learn More about insider trades at Patterson-UTI Energy.
Information on this page was last updated on 3/12/2025.

Robert Wayne Drummond Jr. Insider Trading History at Patterson-UTI Energy

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
2/14/2025	Sell	230,000	$8.89	$2,044,700.00	1,549,081
5/20/2024	Sell	150,000	$11.55	$1,732,500.00	2,007,895
2/29/2024	Sell	187,916	$11.73	$2,204,254.68	2,473,239

Robert Wayne Drummond Jr. Buying and Selling Activity at Patterson-UTI Energy

Patterson-UTI Energy Company Overview

Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.

Today's Range

Now: $8.57

$8.51

$8.74

50 Day Range

MA: $8.37

$7.15

$9.45

2 Week Range

Now: $8.57

$7.03

$12.65

Volume

10,348,084 shs

Average Volume

8,032,010 shs

Market Capitalization

$3.31 billion

P/E Ratio

N/A

Dividend Yield

3.81%

Beta

1.99