HOUSTON, April 9, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. will hold a conference call on Thursday, April 26, 2018, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2018. Participants can access the call by dialing 253-8661 or 704-2496 with the passcode 5798683. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at [...]
HOUSTON, April 4, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. today reported that for the month of March 2018, the Company had an average of 172 drilling rigs operating. For the three months ended March 31, 2018, the Company had an average of 169 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 [...]
HOUSTON, April 3, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. today announced that Janeen S. Judah, has been appointed to the Company's Board of Directors. With Ms. Judah's appointment, the Patterson-UTI Board has been expanded to eight members. Ms. Judah has more than 35 years of operational and managerial experience within the energy industry. Most recently, she served as the president of the Society of Petroleum [...]
HOUSTON, April 2, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. today announced that the Company has entered into a $600 million, five-year credit agreement with a group of financial institutions led by Wells Fargo Bank, National Association. The credit agreement amends and restates the Company's 2012 credit agreement. The credit agreement is a committed senior unsecured revolving credit facility that permits aggregate [...]
HOUSTON, March 5, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. today reported that for the month of February 2018, the Company had an average of 170 drilling rigs operating. For the two months ended February 28, 2018, the Company had an average of 168 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 [...]
HOUSTON, March 2, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. today announced that it will make a presentation on Tuesday, March 6, 2018, at the Raymond James 39th Annual Institutional Investors Conference. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer, and Andy Smith, Chief Financial Officer. The presentation will be webcast live beginning at approximately 2:15 p.m [...]
HOUSTON, Feb. 21, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. today announced that it has acquired the business of Superior QC, LLC, including its assets and intellectual property. Founded in 2015 by Chad Hanak, Ph.D., Superior QC is a provider of software used to improve the accuracy of horizontal wellbore placement. Superior QC's MWD Survey FDIR service is a new data analytics technology to analyze measurement [...]
HOUSTON, Feb. 12, 2018 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. today announced that it will make a presentation on Wednesday, February 14, 2018, at the Credit Suisse 23rd Annual Energy Summit. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer, and Andy Smith, Chief Financial Officer. The presentation will be webcast live beginning at approximately 7:30 a.m. Mountain Time. To [...]
HOUSTON, Feb. 8, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. today reported financial results for the three and twelve months ended December 31, 2017. The Company reported net income of $195 million, or $0.88 per share, for the fourth quarter of 2017, compared to a net loss of $78.1 million, or $0.53 per share, for the quarter ended December 31, 2016. Revenues for the fourth quarter of 2017 were $787 million [...]
HOUSTON, Feb. 5, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. today reported that for the month of January 2018, the Company had an average of 165 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 [...]
HOUSTON, Jan. 19, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. announced today that it has closed its previously announced private offering of $525 million aggregate principal amount of 3.95% senior notes due 2028. The notes initially are guaranteed on a senior unsecured basis by each of the Company's domestic subsidiaries that are guarantors under its credit agreement. Andy Hendricks, the Company's Chief Executive [...]
HOUSTON, Jan. 10, 2018 /PRNewswire/ -- Patterson-UTI Energy Inc. announced today that it has priced its previously announced private offering of $525 million aggregate principal amount of 3.95% senior notes due 2028. The notes initially will be guaranteed on a senior unsecured basis by each of the Company's domestic subsidiaries that are guarantors under its credit agreement. The Company intends to use the net proceeds [...]
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