HOUSTON, March 6, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of February 2017, the Company had an average of 80 drilling rigs operating in the United States and two rigs in Canada. For the two months ended February 28, 2017, the Company had an average of 78 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in [...]
HOUSTON, Feb. 28, 2017 /PRNewswire/ -- Patterson-UTI Energy Inc. (NASDAQ: PTEN) today announced that it will make a presentation on March 7, 2017, at the Raymond James 38th Annual Institutional Investors Conference. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 8:40 a.m. Eastern Time. To access the webcast, go [...]
HOUSTON, Feb. 22, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) ("Patterson-UTI") announced today that it has established a record date for the special meeting of its stockholders to consider and vote upon (i) the proposal (the "Patterson-UTI Issuance Proposal") to approve the issuance of shares of Patterson-UTI common stock, par value $0.01 per share, to stockholders of Seventy Seven Energy Inc., ("SSE [...]
HOUSTON, Feb. 9, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and twelve months ended December 31, 2016. The Company reported a net loss of $78.1 million, or $0.53 per share, for the fourth quarter of 2016, compared to a net loss of $58.7 million, or $0.40 per share, for the quarter ended December 31, 2015. Revenues for the fourth quarter of 2016 were $247 [...]
HOUSTON, Feb. 7, 2017 /PRNewswire/ -- Patterson-UTI Energy Inc. (NASDAQ: PTEN) today announced that it will make a presentation on February 14, 2017, at the Credit Suisse 22nd Annual Energy Summit. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 10:55 a.m. Mountain Time. To access the webcast, go to [...]
HOUSTON, Feb. 3, 2017 /PRNewswire/ -- Patterson-UTI Energy Inc. (NASDAQ: PTEN) today reported that for the month of January 2017, the Company had an average of 76 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, Jan. 24, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) ("Company") today announced that it has priced an underwritten, upsized public offering of 15,800,000 shares of common stock at a price to the public of $26.45 per share of common stock. The 15,800,000 share offering represents a 1,000,000 share upsize to the originally proposed 14,800,000 share offering. The underwriters have an option for [...]
HOUSTON, Jan. 24, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) (the "Company") today announced that it has commenced an underwritten public offering of 14,800,000 shares of common stock. The Company expects to grant the underwriters an option to purchase up to an additional 2,220,000 shares of common stock from the Company. The Company intends to use a portion of the net proceeds of the offering and, if [...]
HOUSTON, Jan. 23, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that based on a preliminary analysis of the financial results for the three months ended December 31, 2016, the Company expects revenues of approximately $247 million, Adjusted EBITDA of approximately $44.0 million and a net loss of approximately $78.1 million, or $0.53 per share. As of January 22, 2017, our rig count was 77 [...]
HOUSTON, Jan. 4, 2017 /PRNewswire/-- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2016, the Company had an average of 71 drilling rigs operating in the United States and two rigs in Canada. For the three months ended December 31, 2016, the Company had an average of 66 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in [...]
HOUSTON, Dec. 22, 2016 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, February 9, 2017, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2016. Participants can access the call by dialing (844) 498-0567 or (443) 961-0820 with the passcode 20803660. The call will also be webcast and can be accessed through a link in the Investors [...]
Patterson-UTI Energy and Seventy Seven Energy jointly announced that the two companies have entered into a definitive merger agreement pursuant to which Patterson-UTI will acquire Seventy Seven Energy in an all-stock transaction. Patterson-UTI and Seventy Seven Energy are both leaders in building and operating high-spec rigs, and the transaction will further solidify Patterson-UTI as a leader in the U.S. land drilling [...]
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