Patterson-UTI Energy Inc. today reported that for the month of March 2022, the Company had an average of 117 drilling rigs operating in the United States. For the three months ended March 31, 2022, the Company had an average of 115 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 [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, April 28, 2022, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2022. 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 Julie J. Robertson and Cesar Jaime have been appointed to the Company's Board of Directors. With these appointments, the Patterson-UTI Board has been expanded to eight members. Ms. Robertson has more than 40 years of operational, executive, administrative and human resource experience at one of the world's largest offshore drilling companies, including having served as its [...]
Patterson-UTI Energy Inc. today announced a strategic investment in Criterion Energy Partners, Inc., a geothermal energy development company. Criterion plans to use the proceeds from this investment to advance its first of a kind project in Texas and further execute on its technology development roadmap. Criterion Energy Partners plans to combine existing technology and processes from the drilling of oil and gas wells [...]
Patterson-UTI Energy Inc. today reported that for the month of February 2022, the Company had an average of 116 drilling rigs operating in the United States. For the two months ended February 28, 2022, the Company had an average of 114 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 [...]
Patterson-UTI Energy Inc. today reported financial results for the three months and year ended December 31, 2021. The Company reported a net loss of $362 million, or $1.68 per share, for the fourth quarter of 2021, compared to a net loss of $107 million, or $0.57 per share, for the fourth quarter of 2020. Excluding charges described below, the majority of which were non-cash, the net loss for the fourth quarter of 2021 [...]
Patterson-UTI Energy Inc. today reported that for the month of January 2022, the Company had an average of 113 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 [...]
Patterson-UTI Energy Inc. today reported that for the month of December 2021, the Company had an average of 110 drilling rigs operating in the United States. For the three months ended December 31, 2021, the Company had an average of 106 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 [...]
Patterson-UTI Energy Inc. today announced that it has sold to Clearwell Dynamics, LLC the well service rig business and wireline business that it acquired as part of its acquisition of Pioneer Energy Services Corp. The sale transaction was completed on December 31, 2021, and Patterson-UTI received $43 million in cash consideration, subject to customary purchase price adjustments at closing for cash and working capital [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, February 10, 2022, at 9:00 a.m. Central Time to discuss results for the fourth quarter ending December 31, 2021. 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 [...]
Patterson-UTI Energy Inc. today reported that for the month of November 2021, the Company had an average of 106 drilling rigs operating in the United States. For the two months ended November 30, 2021, the Company had an average of 104 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 [...]
Patterson-UTI Energy Inc. today reported that for the month of October 2021, the Company had an average of 103 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 [...]
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