Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Patterson-UTI Reports Drilling Activity for October 2009

Posted : Tue, 03 Nov 2009 11:45:20 GMT
Author : Patterson-UTI Energy, Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home
HOUSTON, Nov. 3 TX-Patterson-UTI-Oct.

HOUSTON, Nov. 3 /PRNewswire-FirstCall/ -- PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today reported that for the month of October 2009, the Company had an average of 88 drilling rigs operating, including 82 rigs in the United States and 6 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.

About Patterson-UTI

Patterson-UTI Energy, Inc. provides onshore contract drilling services to exploration and production companies in North America. The Company has approximately 350 marketable land-based drilling rigs that operate primarily in the oil and natural gas producing regions of Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Alabama, Colorado, Arizona, Utah, Wyoming, Montana, North Dakota, South Dakota, Pennsylvania, West Virginia and western Canada. Patterson-UTI Energy, Inc. is also engaged in the businesses of pressure pumping services and drilling and completion fluid services.

Statements made in this press release which state the Company's or management's intentions, beliefs, expectations or predictions for the future are forward-looking statements. It is important to note that actual results could differ materially from those discussed in such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, deterioration in the global economic environment, declines in oil and natural gas prices that could adversely affect demand for the Company's services, and their associated effect on day rates, rig utilization and planned capital expenditures, excess availability of land drilling rigs, including as a result of the reactivation or construction of new land drilling rigs, adverse industry conditions, difficulty in integrating acquisitions, demand for oil and natural gas, shortages of rig equipment and ability to retain management and field personnel. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings, which may be obtained by contacting the Company or the SEC. These filings are also available through the Company's web site at http://www.patenergy.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE Patterson-UTI Energy, Inc.


Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : Patterson-UTI Reports Drilling Activity for October 2009
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Research and Markets: The Global Animation Industry - There is Perhaps no Genre of Film or Television More Global Than Animation
DUBLIN - Research and Markets (

Representatives of the nomination committee of Saab AB for the Annual General Meeting 2010
STOCKHOLM - Regulatory News: There has been a change in the nomination committee of Saab AB (STO:SAABB). After the change the nomination committee consists of the following representatives. Representatives:Marcus Wallenberg, Chairman of Saab AB

Handyman Services in Colorado Springs Raising the Bar on Customer Satisfaction
(EMAILWIRE.COM, November 26, 2009 ) Colorado Springs, CO – Handyman Services are popping up all over the place. More and more people are going into business for themselves due to the job market and unemployment rates. Handyman service is an easy b..

Handyman Services in Colorado Springs are Honest and Dependable
(EMAILWIRE.COM, November 26, 2009 ) Colorado Springs, CO – Handyman Services are advertised everywhere; Google search handyman services in your area and you will find many who claim to be the best and cheapest around. Unfortunately, handyman servic..

Track Contributions Made to Political Candidates at IQElections.com
(EMAILWIRE.COM, November 26, 2009 ) New York, NY - IQ Elections now offers a Directory of Political Candidates for interested voters who want to research campaign contributions made to politicians nationwide. This directory includes all candidates wh..

CHRYSLER Bankruptcy News, Issue No. 32
(EMAILWIRE.COM, November 26, 2009 ) FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 32 of CHRYSLER BANKRUPTCY NEWS today. The 48-page newsletter contains stories with these headlines:[00917] CHRYSLER GROUP MAY LOSE OV..

PROPEX Bankruptcy News, Issue No. 37
(EMAILWIRE.COM, November 26, 2009 ) FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 37 of PROPEX BANKRUPTCY NEWS today. The 10-page newsletter contains stories with these headlines:[00346] LIQUIDATING TRUSTEE'S 1ST OM..

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.