Patterson-UTI Energy Inc. today announced that it will make a presentation on Tuesday, September 8, 2020, at the Barclays CEO Energy-Power Conference. Presenting for the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 3:05 p.m. Eastern Time. To access the webcast, go to investor.patenergy.com prior to the scheduled start time [...]
Patterson-UTI Energy Inc. today reported that for the month of July 2020, the Company had an average of 60 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, 2020. The Company reported a net loss of $150 million, or $0.81 per share, for the second quarter of 2020, compared to a net loss of $49.4 million, or $0.24 per share, for the second quarter of 2019. Excluding items discussed below, the net loss for the second quarter would have been $105 million, or $0.56 per share [...]
Patterson-UTI Energy Inc. today reported that for the month of June 2020, the Company had an average of 65 drilling rigs operating. For the three months ended June 30, 2020, the Company had an average of 82 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 operating under a drilling contract. The [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, July 23, 2020, at 9:00 a.m. Central Time to discuss results for the three and six months ended June 30, 2020. Participants can access the call by dialing 253-8640 or 494-0002 with the Conference ID 2556839. 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 [...]
Patterson-UTI Energy Inc. today reported that for the month of May 2020, the Company had an average of 80 drilling rigs operating. For the two months ended May 31, 2020, the Company had an average of 92 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 operating under a drilling contract. The [...]
Patterson-UTI Energy Inc. today reported that for the month of April 2020, the Company had an average of 105 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 operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact [...]
Patterson-UTI Energy Inc. today reported financial results for the three months ended March 31, 2020. The Company reported a net loss of $435 million, or $2.28 per share, for the first quarter of 2020, compared to a net loss of $28.6 million, or $0.14 per share, for the first quarter of 2019. Revenues for the first quarter of 2020 were $446 million, compared to $704 million for the first quarter of 2019. Financial results [...]
Patterson-UTI Energy Inc. today announced that its Board of Directors has unanimously adopted a limited duration shareholder rights agreement to protect shareholder interests and preserve shareholders' investment in Patterson-UTI. In light of the significant market disruption caused by the rapid and sharp decline in oil prices, which has been exacerbated by the COVID-19 pandemic and other macroeconomic factors, and the [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, April 23, 2020, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2020. Participants can access the call by dialing 253-8661 or 704-2496 with the Conference ID 1655615. 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 announced that its long-tenured Executive Chairman, Mark S. Siegel, has advised the Company of his intention to retire after more than 25 years of continuous service to Patterson-UTI Energy and its predecessor companies. Mr. Siegel has decided not to stand for re-election to the Board of Directors and to retire as Executive Chairman, at the time of the Company's annual shareholder meeting [...]
Patterson-UTI Energy Inc. today reported that for the month of March 2020, the Company had an average of 124 drilling rigs operating. For the three months ended March 31, 2020, the Company had an average of 123 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 operating under a drilling contract [...]
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