Post Tagged with: "Patterson-UTI"

Source: patenergy.com

Patterson-UTI reports drilling activity for December 2020

Oil and Gas 360


HOUSTON Jan. 6, 2021 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2020 , the Company had an average of 64 drilling rigs operating.  For the three months …

January 6, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: patenergy.com

Patterson-UTI sees drilling activity picking up through early next year

Reuters


U.S. oilfield services firm Patterson-UTI Energy PTEN.O expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call.

The company, which offers contract drilling …

October 22, 2020 - 11:30 am Crude Oil News, Energy News, Oilfield Services, Uncategorized
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 …