HOUSTON, Sept. 5, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) ("Patterson-UTI") announced today that it has entered into an agreement to acquire Multi-Shot, LLC d/b/a MS Energy Services ("MS Energy"), on a debt-free basis for total consideration of approximately 8.8 million shares of Patterson-UTI common stock and $75 million of cash. Based in Conroe, Texas, MS Energy is a leading directional drilling [...]
HOUSTON, Sept. 1, 2017 /PRNewswire/ -- Patterson-UTI Energy Inc. (NASDAQ: PTEN) today announced that it will make a presentation on September 5, 2017, at the Barclays CEO Energy-Power Conference. Representing the Company at the conference will be Mark Siegel, Chairman, Andy Hendricks, Chief Executive Officer, Mike Holcomb, President Patterson-UTI Drilling Company LLC, and John Carnett, President Universal Pressure [...]
HOUSTON, Aug. 4, 2017 /PRNewswire/ -- Patterson-UTI Energy Inc. (NASDAQ: PTEN) today reported that for the month of July 2017, the Company had an average of 162 drilling rigs operating (including 159 in the United States and three rigs in Canada). 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 [...]
Revenues Increase 90% Sequentially Including Seventy Seven Energy Acquisition HOUSTON, July 27, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2017. Reported financial results for the three and six months include the post-merger contribution from Seventy Seven Energy following the completion of the merger on April 20, 2017 [...]
HOUSTON, July 6, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2017, the Company had an average of 160 drilling rigs operating in the United States and one rig in Canada. For the three months ended June 30, 2017, the Company had an average of 145 drilling rigs operating in the United States and one rig in Canada. Average drilling rigs operating reported in the [...]
HOUSTON, June 27, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, July 27, 2017, at 9:00 a.m. Central Time to discuss results for the second quarter ended June 30, 2017. Participants can access the call by dialing (443) 961-0820 or (844) 498-0567 with the passcode 26426611. The call will also be webcast and can be accessed through a link in the Investors section of [...]
HOUSTON, June 5, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2017, the Company had an average of 159 drilling rigs operating in the United States and one rig in Canada. For the two months ended May 31, 2017, the Company had an average of 138 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in the [...]
HOUSTON, May 17, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on May 23, 2017, at the UBS Global Oil and Gas Conference. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 10:35 a.m. Central Time. To access the webcast, go to www.patenergy.com prior to [...]
HOUSTON, May 11, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that John E. Vollmer III, Executive Vice President – Corporate Development, Chief Financial Officer and Treasurer, has notified the Company of his decision to retire after nearly 20 years of distinguished service. His retirement will become effective after a transition period following the employment of his successor [...]
HOUSTON, May 3, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of April 2017, the Company had an average of 115 drilling rigs operating in the United States and two rigs in Canada. 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 [...]
HOUSTON, April 27, 2017 /PRNewswire/ -- Patterson-UTI Energy Inc. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2017. As previously announced, Patterson-UTI completed the merger with Seventy Seven Energy on April 20, 2017. All reported financial results for Patterson-UTI for the first quarter of 2017 are on a standalone basis. The Company reported a net loss of $63.5 million, or [...]
Patterson-UTI Energy announced today that it has closed its merger with Seventy Seven Energy Stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy. Patterson-UTI issued approximately 47.5 million shares pursuant to the merger. Concurrent with the closing of the merger, Patterson-UTI repaid all of the [...]
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