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Patterson-UTI Tags 1Q Rig Count at 146 Across US, Canada
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Patterson-UTI Energy reported that for the month of March 2015, the Company had an average of 142 drilling rigs operating in the United States and four rigs in Canada. For the three months ended March 31, 2015, the Company had an average of 165 drilling rigs operating in the United States and eight rigs in Canada.
Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
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