Post Tagged with: "activity decline"

Source: Reuters

Patterson-UTI sees 60% decline in activity as oil prices crater

Reuters

Oilfield service firm Patterson-UTI Energy Inc (PTEN.O) on Thursday warned investors it would see a 60% decline in activity this year as shale companies slash spending and halt activity amid an unprecedented decline in oil prices.

The …

April 23, 2020 - 1:00 pm — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, Exploration and Production (E&P), Oil & Gas Jobs, Oilfield Services
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