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Patterson-Uti Energy Inc.
36 articles mentioning Patterson-Uti Energy Inc. · Page 2 of 2
Patterson-UTI Mulling Sale of Pressure Pumping Biz
Patterson-UTI is considering selling off its pressure pumping business, according to a report by Reuters. Should a deal for the assets emerge, it could fetch up to $1.0 billion. This potential move comes after shareholders and...
2nd Largest Driller : Q2 'Likely the Bottom' for 2019 Rig Count
Patterson-UTI reported its Q1 2019 results. Here are the highlights from its report and conference call. Rigs Still Low Despite Higher Oil Price; Q2 'Likely a Bottom' Patterson's CEO Andy Hendricks noted that despite the stabilization...
Rig Count Drop: Thoughts from Contractors Who Own 47% of the Market Share
Shale Experts looked through numerous Q4 reports and conference calls from several service companies, including Pioneer, Precision, Helmerich & Payne and Patterson UTI - these companies, together, control 47% of the market share. In short, the...
Patterson UTI: $50 WTI Aids Rig Count; Pressure Pumping Fleets Idled Due to Completion Delays
Patterson-UTI reported its Q4 2018 results. Below you will find highlights from its report and conference call. Operator Sentiment Improves with $50 WTI Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "Recently, with the sharp rebound in...
Patterson UTI, Frac Market Oversupplied, Bullish On Drilling Market
Patterson-UTI provided some color on the drilling and completion/frac market. Here is what the company had to say. Frac Market "In pressure pumping, we began seeing industry softness late in the second quarter due to an...
Patterson UTI: Pressure Pumping Market Oversupplied; Bullish on Drilling
During its 2q18 earnings call, Patterson said that the pressure pumping market is oversupplied, but it is upbreat on drilling. Completion/Frac Market Operating Areas. 1H18, revenue was $1,663 million of that total the pressure pumping segment...
Patterson-UTI Brings On New CFO
Patterson-UTI has hired C. Andrew Smith as its new CFO. Smith most recently served as Executive Vice President and Chief Financial Officer of Kirby Corporation from January 2014 to September 2017.
Patterson Continues to Increase Frac Fleets
Completion/ Frac Services "In pressure pumping, revenues increased to $290 million from $141 million in the first quarter due to the acquisition of Seventy Seven Energy, increased utilization and better than expected pricing. As a result,...
Patterson Reports Drilling Activity for May 2017
Summary: [ for the month of May 2017, Patterson had an average of 159 drilling rigs operating in the United States and one rig in Canada. For the two months ended May 31, 2017, the Company...
Patterson Reactivating Frac Fleets; Pressure Pumping Increase Expected
The company reported...
Freedom Preps to Drill Two Eagle Ford Wells in Dimmit County
These wells will be drilled in Dimmit County in south Texas.
Patterson-UTI Extends Maturity on Credit Agreement; Repays Bank Loans
The Company has repaid the entire outstanding $230 million principal amount of its bank term loans, and has $70 million outstanding under the revolving credit facility.
Patterson-UTI Tags 1Q Rig Count at 146 Across US, Canada
The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
Patterson-UTI Energy Reports Rig Count
Average of 208 drilling rigs operating in the United States and eight rigs in Canada.
US Pressure Pumping Market Report - Q3
Market share of the US Pressure Pumping market.
C&J to Acquire Nabors Frac Business; FracTech Moves Down One
In regard to the deal, Shale Experts CEO Rons Dixon commented:"The combined company will have a little more than 5% market-share and now moves into 4th position behind Halliburton, Schlumberger and Baker Hughes."