Patterson-UTI Energy Inc.

Patterson-UTI Energy Inc. today reported that for the month of June 2023, the Company had an average of 126 drilling rigs operating in the United States. For the three months ended June 30, 2023, the Company had an average of 128 drilling rigs operating in the United States. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were [...]

Ulterra is a Leading Provider of Highly Engineered Polycrystalline Diamond Compact Drill Bits in North America with a Growing International Presence Consideration Comprised of $370 Million of Cash and 34.9 Million Shares of Patterson-UTI Common Stock Ulterra's Data-Centric Approach Expands Patterson-UTI's Drilling and Completions Related Data Analytics Technology for Improved Performance Patterson-UTI to Host Conference [...]

Patterson-UTI Energy Inc. will host a conference call on Thursday, July 27, 2023, at 9:00 a.m. Central Time to discuss results for the second quarter ending June 30, 2023. Participants can access the call by dialing 960-0676 or 550-5422 with the Conference ID 3822955. 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 the Company will participate in the J.P. Morgan 2023 Energy, Power and Renewables Conference. Participating in the conference from Patterson-UTI will be Andy Hendricks, Chief Executive Officer; and Mike Drickamer, Vice President Investor Relations. While at the conference, Andy Hendricks will participate in a fireside chat with Robert Drummond, President and Chief Executive [...]

Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver Long Term Value to Shareholders, Including Continued Commitment to Shareholder Return Program Expected to be Accretive to Earnings per Share and Free Cash [...]

Patterson-UTI Energy Inc. today reported that for the month of May 2023, the Company had an average of 128 drilling rigs operating in the United States. For the two months ended May 31, 2023, the Company had an average of 129 drilling rigs operating in the United States. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were [...]

Patterson-UTI Energy Inc. announces the release of its fourth annual corporate sustainability report, showcasing the company's ongoing commitment to environmental, social, and governance issues. The report provides updates on the sustainability progress made by Patterson-UTI Energy Inc. and includes disclosures aligned with industry-standard frameworks such as the Sustainability Accounting Standards Board and Task Force [...]

Patterson-UTI Energy Inc. today reported that for the month of April 2023, the Company had an average of 131 drilling rigs operating in the United States. 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 in the United States. The Company cautioned that numerous factors in addition [...]

Patterson-UTI Energy Inc. today reported financial results for the quarter ended March 31, 2023. The Company reported net income of $99.7 million, or $0.46 per share, for the first quarter of 2023, compared to net income of $100 million, or $0.46 per share, for the fourth quarter of 2022. Revenues for the first quarter of 2023 were $792 million, compared to $788 million for the fourth quarter of 2022. Andy Hendricks, the [...]

Patterson-UTI Energy Inc. today reported that for the month of March 2023, the Company had an average of 131 drilling rigs operating in the United States. For the quarter ended March 31, 2023, the Company had an average of 131 drilling rigs operating in the United States. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were [...]