Post Tagged with: "Patterson"

Drillers Cabin on a Patterson-UTI rig.our Rig 222. The Houston drilling rig operator retired 36 older rigs during the third quarter amid weaker demand from shale fields across the United States and Canada.

Shale Slump: Patterson-UTI pulls 36 rigs from service

Houston Chronicle

Houston drilling rig operator Patterson-UTI Energy is retiring 36 older rigs amid weaker demand from shale fields across the United States and Canada.

In a Thursday morning statement, the company reported a $262 million loss on $599 million …

October 25, 2019 - 8:30 am — Closing Bell Story‎, Oilfield Services
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