Patterson-UTI Energy Inc (PTEN): * PATTERSON-UTI REPORTS DRILLING ACTIVITY FOR OCTOBER 2021. * Patterson-UTI Energy Inc (PTEN) - FOR OCTOBER 2021, COMPANY HAD AN AVERAGE OF 103 DRILLING RIGS OPERATING IN UNITED STATES Source text for Eikon: Further company coverage:
HOUSTON, Nov. 3, 2021 PATTERSON-UTI ENERGY, INC. (PTEN) 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.
Patterson-UTI Energy Inc (PTEN): * PATTERSON-UTI ENERGY REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2021. * Q3 LOSS PER SHARE $0.44. * Q3 REVENUE $358 MILLION. * OUR AVERAGE RIG COUNT FOR Q3 IMPROVED TO 80 RIGS FROM 73 RIGS IN Q2. * AVERAGE RIG MARGIN PER DAY FOR Q3 INCREASED SLIGHTLY TO $6,300.
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping…
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and Canada. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas and southeastern New Mexico, north central and east Texas, northern Louisiana, Colorado, Wyoming, North Dakota, south Texas, western Oklahoma, Pennsylvania, Ohio, and West Virginia. As of December 31, 2020, this segment had a drilling fleet of 210 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors and wireline steering tools; and services that enhance the accuracy of horizontal wellbore placement. It also service equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. has a strategic data analytics and visualization collaboration with Corva LLC to equip oil and gas producers with the digital tools to drill and complete productive and profitable wells. The company was founded in 1978 and is headquartered in Houston, Texas.
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