Patterson-UTI Energy Inc. today reported that for the month of September 2019, the Company had an average of 135 drilling rigs operating. For the three months ended September 30, 2019, the Company had an average of 142 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 [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, October 24, 2019, at 9:00 a.m. Central Time to discuss results for the third quarter ending September 30, 2019. Participants can access the call by dialing 253-8661 or 704-2496 with the Conference ID 9373879. 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 [...]
Patterson-UTI Energy Inc. today reported that for the month of August 2019, the Company had an average of 142 drilling rigs operating. For the two months ended August 31, 2019, the Company had an average of 146 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 [...]
Patterson-UTI Energy Inc. today announced that it will make a presentation on Tuesday, September 3, 2019, 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 1:05 p.m. Eastern Time. To access the webcast, go to investor.patenergy.com prior to the scheduled start time [...]
Patterson-UTI Energy Inc. today announced that the Company has entered into a $150 million senior unsecured term loan agreement maturing June 2022. Wells Fargo Bank, N.A. served as administrative agent, co-lead arranger and lender, with U.S. Bank, N.A. serving as syndication agent, co-lead arranger and lender. The Company intends to use the proceeds from this loan, which will bear interest at a rate of Libor + 1.125 [...]
Patterson-UTI Energy Inc. today reported that for the month of July 2019, the Company had an average of 150 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 [...]
Share Repurchases of $75 Million in Second Quarter Patterson-UTI Energy Inc. today reported financial results for the three months ended June 30, 2019. The Company reported a net loss of $49.4 million, or $0.24 per share, for the second quarter of 2019, compared to a net loss of $10.7 million, or $0.05 per share, for the quarter ended June 30, 2018. Excluding charges discussed below, the net loss for the second [...]
Patterson-UTI Energy Inc. today reported that for the month of June 2019, the Company had an average of 150 drilling rigs operating. For the three months ended June 30, 2019, the Company had an average of 158 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 [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, July 25, 2019, at 9:00 a.m. Central Time to discuss results for the second quarter ending June 30, 2019. Participants can access the call by dialing 253-8661 or 704-2496 with the Conference ID 2169645. 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 2019, the Company had an average of 158 drilling rigs operating. For the two months ended May 31, 2019, the Company had an average of 162 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 2019, the Company had an average of 166 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 [...]
Share Repurchases of $75 Million in First Quarter Patterson-UTI Energy Inc. today reported financial results for the three months ended March 31, 2019. The Company reported a net loss of $28.6 million, or $0.14 per share, for the first quarter of 2019, compared to a net loss of $34.4 million, or $0.16 per share, for the quarter ended March 31, 2018. Revenues for the first quarter of 2019 were $704 million, compared to [...]
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