Patterson-UTI Energy Inc. today reported that for the month of July 2021, the Company had an average of 78 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can [...]
Patterson-UTI Energy Inc. today reported financial results for the three and six months ended June 30, 2021. The Company reported a net loss of $103 million, or $0.55 per share, for the second quarter of 2021, compared to a net loss of $150 million, or $0.81 per share, for the second quarter of 2020. Revenues for the second quarter of 2021 were $292 million, compared to $250 million for the second quarter of 2020. For the [...]
Patterson-UTI Energy Inc. today announced that it has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295 million, which includes the retirement of all Pioneer Energy Services' debt. Consideration for this acquisition consists of the issuance of up to 26,275,000 shares of Patterson-UTI common stock plus payment of $30 million of cash. The transaction is expected to close in the fourth [...]
Patterson-UTI Energy Inc. today reported that for the month of June 2021, the Company had an average of 75 drilling rigs operating. For the three months ended June 30, 2021, the Company had an average of 73 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, July 29, 2021, at 9:00 a.m. Central Time to discuss results for the second quarter ending June 30, 2021. Participants can access the call by dialing 253-8640 or 494-0002 with the Conference ID 8255829. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of [...]
Patterson-UTI Energy Inc. today reported that for the month of May 2021, the Company had an average of 72 drilling rigs operating. For the two months ended May 31, 2021, the Company had an average of 72 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract. The [...]
Patterson-UTI Energy Inc. today reported that for the month of April 2021, the Company had an average of 72 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can [...]
Patterson-UTI Energy Inc. today reported financial results for the three months ended March 31, 2021. The Company reported a net loss of $106 million, or $0.57 per share, for the first quarter of 2021, compared to a net loss of $435 million, or $2.28 per share, for the first quarter of 2020. Revenues for the first quarter of 2021 were $241 million, compared to $446 million for the first quarter of 2020. Andy Hendricks [...]
Patterson-UTI Energy Inc. today reported that for the month of March 2021, the Company had an average of 70 drilling rigs operating. For the three months ended March 31, 2021, the Company had an average of 69 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, April 29, 2021, at 9:00 a.m. Central Time to discuss results for the first quarter ending March 31, 2021. Participants can access the call by dialing 253-8640 or 494-0002 with the Conference ID 7069802. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of [...]
Patterson-UTI Energy Inc. , a leading provider of contract drilling, pressure pumping and other oilfield services, announced that it has released its sustainability report for the fiscal year 2020, which highlights the Company's industry leadership in using alternative fuels to reduce emissions at the well site. This report is available through the sustainability section of the Company's website at esg.patenergy.com. Andy [...]
Patterson-UTI Energy Inc. today reported that for the month of February 2021, the Company had an average of 69 drilling rigs operating. For the two months ended February 28, 2021, the Company had an average of 68 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling [...]
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