Post Tagged with: "Patterson-UTI"

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 …

Source: patenergy.com

Patterson-UTI cost cuts help it post smaller-than-expected loss

Source: Reuters


(Reuters) – Oilfield services firm Patterson-UTI reported a smaller-than-expected loss on Thursday, as cost cuts helped it limit the impact of an ongoing decline in North American shale activity.

An investor push toward higher returns instead of growth …

Patterson-UTI Energy Secures $600 Million Credit Agreement

Patterson-UTI Energy Secures $600 Million Credit Agreement

Patterson-UTI Energy Announces $600 Million Credit Agreement

Patterson-UTI Energy Completes Merger

Patterson-UTI Energy Completes Merger

Patterson-UTI (NASDAQ: PTEN) closed its merger with Seventy Seven Energy Inc.

Stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.  Patterson-UTI issued …