NASDAQ Framework: Patterson-UTI Energy Inc.
Oilfield services and products provider 1.
1: Patterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploration and production companies in the United States, including contract drilling, pressure pumping and directional drilling services. For more information, visit www.patenergy.com. View Source
Patterson-UTI Energy, Inc., headquartered in Houston, Texas, is a leading provider of oilfield services and products to oil and natural gas exploration and production companies in the United States. The company operates through three segments: Drilling Services, Completion Services, and Drilling Products. It offers contract drilling services, pressure pumping, directional drilling, and rental equipment, among other services. Patterson-UTI Energy has a significant presence in the North American market, controlling nearly 20% of the market for drilling and completions services following its merger with NexTier 23.
2: Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas. View Source3: Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. It also provides directional drilling services and tool rental services in most US onshore oil and gas basins. View Source
UNKNOWN
The provided facts do not specify whether Patterson-UTI Energy Inc. is still led by its founders or if the founders are heavily involved in the current operations of the company.
The provided facts do not specify whether Patterson-UTI Energy Inc. is still led by its founders or if the founders are heavily involved in the current operations of the company.
MEDIUM RISK
Patterson-UTI Energy Inc. has shown positive aspects such as high earnings growth and a significant presence in the North American market for drilling and completions services 45. However, the company has a high payout ratio of 53%, which suggests that it returns most of its earnings to shareholders, potentially limiting reinvestment in growth 6. Additionally, analysts have estimated a decline in earnings, which adds to the financial uncertainty 78. Therefore, while the company is not in immediate financial distress, these factors contribute to a medium risk assessment.
Patterson-UTI Energy Inc. has shown positive aspects such as high earnings growth and a significant presence in the North American market for drilling and completions services 45. However, the company has a high payout ratio of 53%, which suggests that it returns most of its earnings to shareholders, potentially limiting reinvestment in growth 6. Additionally, analysts have estimated a decline in earnings, which adds to the financial uncertainty 78. Therefore, while the company is not in immediate financial distress, these factors contribute to a medium risk assessment.
4: Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. It also provides directional drilling services and tool rental services in most US onshore oil and gas basins. View Source5: In total, it does look like Patterson-UTI Energy has some positive aspects to its business. Namely, its high earnings growth. We do however feel that the earnings growth number could have been even higher, had the company been reinvesting more of its earnings and paid out less dividends. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the company's future earnings growth forecasts take a look at this free report on analyst forecasts for the company to find out more. View Source6: The high LTM (or last twelve month) payout ratio of 53% (implying that it keeps only 47% of profits) for Patterson-UTI Energy suggests that the company's growth wasn't really hampered despite it returning most of the earnings to its shareholders. View Source7: Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Zacks • 4 days ago PTEN -3.08% Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / July 15, 2024 /PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m. Central Time to discuss results for the second quarter ended June 30, 2024. Participants can access ... ACCESSWIRE • 5 days ago PTEN -3.08% Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future? Patterson-UTI Energy (NASDAQ:PTEN) has had a rough three months with its share price down 11%. But if you pay close... Simply Wall St. • 7 days ago PTEN -3.08% Black Gold Bargains: 7 Discounted Oil Stocks Ready for a Comeback One of the investment sectors in which it’s difficult to address the “why” component is the hydrocarbon ecosystem. With the political and ideological winds favoring clean and renewable energy infrastructures, why would anyone consider fossil fuels, even if they were billed as discounted oil stocks? It’s a simple answer. No matter what you hear from green energy apologists, the world still runs on oil. Evidence indicates that the hydrocarbon sector’s relevancy will extend longer than many people InvestorPlace • 20 days ago HAL OIS -1.11% TTI Insider Sale: President-Completions Matthew Gillard Sells 60,000 Shares of Patterson-UTI Energy ... On June 18, 2024, Matthew Gillard, President-Completions at Patterson-UTI Energy Inc (NASDAQ:PTEN), executed a sale of 60,000 shares of the company. Following this transaction, the insider now owns 114,692 shares of Patterson-UTI Energy Inc. Patterson-UTI Energy Inc operates in the oilfield services sector, providing onshore drilling and pressure pumping services, directional drilling, rental equipment, and technology to clients in North America. GuruFocus.com • last month PTEN -3.08% Sector Update: Energy Stocks Lean Lower Pre-Bell Friday Sector Update: Energy Stocks Lean Lower Pre-Bell Friday PREMIUM MT Newswires • last month PTEN -3.08% Patterson-UTI Reports Drilling Activity for May 2024 HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the United States. For the two months ended May 31, 2024, ... ACCESSWIRE • last month PTEN -3.08% Patterson-UTI (PTEN) Down 0.1% Since Last Earnings Report: Can It Rebound? Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. Zacks • last month PTEN -3.08% NBR -3.59% Shareholders Will Probably Not Have Any Issues With Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) CEO Compensation Key Insights Patterson-UTI Energy will host its Annual General Meeting on 6th of June Total pay for CEO Andy Hendricks... Simply Wall St. • last month PTEN -3.08% Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Looks Like A Good Stock, And It's Going Ex-Dividend Soon Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be... Simply Wall St. • last month PTEN -3.08% Patterson-UTI Energy (NASDAQ:PTEN) Is Due To Pay A Dividend Of $0.08 The board of Patterson-UTI Energy, Inc. ( NASDAQ:PTEN ) has announced that it will pay a dividend on the 17th of June... Simply Wall St. • last month PTEN -3.08% Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE HOUSTON, TX / ACCESSWIRE / May 13, 2024 /PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, ... ACCESSWIRE • 2 months ago PTEN -3.08% The Patterson-UTI Energy, Inc. (NASDAQ:PTEN) First-Quarter Results Are Out And Analysts Have Published New Forecasts It's been a good week for Patterson-UTI Energy, Inc. ( NASDAQ:PTEN ) shareholders, because the company has just... Simply Wall St. • 2 months ago PTEN -3.08% Patterson-UTI Energy (NASDAQ:PTEN) Has Affirmed Its Dividend Of $0.08 Patterson-UTI Energy, Inc. ( NASDAQ:PTEN ) will pay a dividend of $0.08 on the 17th of June. The dividend yield will be... Simply Wall St. • 2 months ago PTEN -3.08% Patterson-UTI Reports Drilling Activity for April 2024 HOUSTON, TX / ACCESSWIRE / May 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2024, the Company had an average of 116 drilling rigs operating in the United States. Average drilling rigs operating reported ... ACCESSWIRE • 2 months ago PTEN -3.08% Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q1 2024 Earnings Call Transcript Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q1 2024 Earnings Call Transcript May 2, 2024 Patterson-UTI Energy, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, welcome to the Patterson UTI First Quarter 2024 conference call. [Operator Instructions]. As a […] Insider Monkey • 2 months ago PTEN -3.08% Patterson-UTI Energy First Quarter 2024 Earnings: In Line With Expectations Patterson-UTI Energy ( NASDAQ:PTEN ) First Quarter 2024 Results Key Financial Results Revenue: US$1.51b (up 91% from 1Q... Simply Wall St. • 2 months ago PTEN -3.08% Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million. Zacks • 2 months ago PTEN -3.08% VLO Patterson-UTI Energy Inc (PTEN) Q1 2024 Earnings Call Transcript Highlights: Key Financial ... Explore the robust financial performance and strategic maneuvers driving Patterson-UTI Energy Inc's market position in the first quarter of 2024. GuruFocus.com • 2 months ago PTEN -3.08% Q1 2024 Patterson-UTI Energy Inc Earnings Call Q1 2024 Patterson-UTI Energy Inc Earnings Call Thomson Reuters StreetEvents • 2 months ago PTEN -3.08% View Source8: Analysts Estimate Patterson-UTI (PTEN) to Report a Decline in Earnings: What to Look Out for View Source
9: Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / July 15, 2024 /PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m. Central Time to discuss results for the second quarter ended June 30, 2024. Participants can access ... ACCESSWIRE • 7 days ago Patterson-UTI Reports Drilling Activity for May 2024 HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the United States. For the two months ended May 31, 2024, ... ACCESSWIRE • last month Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE HOUSTON, TX / ACCESSWIRE / May 13, 2024 /PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, ... ACCESSWIRE • 2 months ago Patterson-UTI Reports Drilling Activity for April 2024 HOUSTON, TX / ACCESSWIRE / May 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2024, the Company had an average of 116 drilling rigs operating in the United States. Average drilling rigs operating reported ... ACCESSWIRE • 2 months ago Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024 HOUSTON, TX / ACCESSWIRE / May 1, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial Results and Other Key Items Total revenue of $1.5 billion Net income ... ACCESSWIRE • 2 months ago Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / April 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, May 2, 2024, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2024. Participants can access ... ACCESSWIRE • 3 months ago Patterson-UTI Reports Drilling Activity for March 2024 HOUSTON, TX / ACCESSWIRE / April 3, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of March 2024, the Company had an average of 120 drilling rigs operating in the United States. For the three months ended March 31, ... ACCESSWIRE • 3 months ago Patterson-UTI Reports Drilling Activity for February 2024 HOUSTON, TX / ACCESSWIRE / March 4, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2024, the Company had an average of 122 drilling rigs operating in the United States. For the two months ended February ... ACCESSWIRE • 4 months ago Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023 HOUSTON, TX / ACCESSWIRE / February 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2023. Fourth Quarter 2023 Financial Results and Other Key Items Total revenue of $1.58 billion ... ACCESSWIRE • 5 months ago Patterson-UTI Reports Drilling Activity for January 2024 HOUSTON, TX / ACCESSWIRE / February 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of January 2024, the Company had an average of 122 drilling rigs operating in the United States. Average drilling rigs operating ... ACCESSWIRE • 5 months ago Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / January 19, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 15, 2024, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2023. Participants ... ACCESSWIRE • 5 months ago Patterson-UTI Reports Drilling Activity for December 2023 HOUSTON, TX / ACCESSWIRE / January 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of December 2023, the Company had an average of 119 drilling rigs operating in the United States. For the three months ended December ... ACCESSWIRE • 6 months ago Patterson-UTI Reports Drilling Activity for November 2023 HOUSTON, TX / ACCESSWIRE / December 8, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of November 2023, the Company had an average of 118 drilling rigs operating in the United States. For the two months ended November ... ACCESSWIRE • 7 months ago Patterson-UTI Energy Reports Financial Results for the Quarter Ended September 30, 2023 HOUSTON, TX / ACCESSWIRE / November 7, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2023.Reported financial results for the quarter ended September 30, 2023 include:A full quarter ... ACCESSWIRE • 8 months ago Patterson-UTI Reports Drilling Activity for October 2023 HOUSTON, TX / ACCESSWIRE / November 6, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of October 2023, the Company had an average of 117 drilling rigs operating in the United States.Average drilling rigs operating ... ACCESSWIRE • 8 months ago Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / October 5, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Wednesday, November 8, 2023, at 9:00 a.m. Central Time to discuss results for the third quarter ended September 30, 2023. Due to the ... ACCESSWIRE • 9 months ago Patterson-UTI Reports Drilling Activity for September 2023 HOUSTON, TX / ACCESSWIRE / October 4, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of September 2023, the Company had an average of 117 drilling rigs operating in the United States. For the three months ended September ... ACCESSWIRE • 9 months ago Patterson-UTI Reports Drilling Activity for August 2023 PATTERSON-UTI ENERGY, INC.(NASDAQ:PTEN) today reported that for the month of August 2023, the Company had an average of 117 drilling rigs operating in the United States. ACCESSWIRE • 10 months ago Patterson-UTI Energy and NexTier Oilfield Solutions Complete Merger Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") today announced the completion of its previously announced all-stock merger with NexTier Oilfield Solutions Inc. ("NexTier"), creating a leading provider of drilling and completions services in the United States. The combined company will retain the name Patterson-UTI Energy, Inc., continue trading under the ticker symbol PTEN and maintain its headquarters in Houston, Texas. ACCESSWIRE • 10 months ago Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced that, at separate special meetings held earlier today, both companies' shareholders voted in favor of all proposals necessary for the closing of the previously announced all-stock merger of equals transaction. ACCESSWIRE • 10 months ago View Source10: Services Drilling Services & Technology Completion Solutions Drill Bit Solutions Directional Drilling Services Wellbore Guidance & Navigation Oilfield Rental Services Electrical Power Systems and Controls Design, Manufacturing & Repair Services Rig Radar Rig availability and current location information. Explore now Investors Investor Overview News Events Corporate Governance Executive Leadership Board of Directors Analyst Coverage Reports, Filings & Financials Investor Resources Rig Radar Rig availability and current location information. Explore now Sustainability 2022 Sustainability Report 2022 Sustainability Report PDF Rig Radar Rig availability and current location information. Explore now About Us About Patterson-UTI The Patterson-UTI Companies Patterson-UTI Drilling NexTier Completion Solutions Ulterra Drilling Technologies MS Directional Superior QC Great Plains Oilfield Rental Current Power Warrior Rig Responsibility HSE Diversity Ethics SHARP Hotline The Patterson-UTI Companies One company. Many capabilities. About Patterson-UTI Careers Careers Valuing Veterans Benefit Packages Campus Recruiting Events Calendar Careers The Oilfield Is Calling Explore Careers Contact Us Contact Us LinkedIn Facebook YouTube Patterson-UTI Contact Us Connect with Us View Source11: Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas. View Source
Patterson-UTI Energy Inc. is focused on expanding its capabilities and geographic footprint through strategic acquisitions and partnerships. The company recently completed a merger with NexTier, significantly enhancing its pressure pumping operations and securing nearly 20% of the North American market for drilling and completions services 12. Additionally, Patterson-UTI has signed a term sheet to partner with ADNOC Drilling in the UAE, indicating a move towards international expansion 13. The acquisition of Pioneer Energy Services will add 17 high-quality drilling rigs to its fleet, including 16 super-spec rigs capable of using cleaner-burning natural gas, furthering its commitment to reduced emissions 1415. The company also plans to divest Pioneer's well service rig business to better focus on its core operations 16. These strategic moves are expected to be accretive to cash flow per share and adjusted EBITDA per share, generating annual synergies of more than $15 million 17.
12: Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. It also provides directional drilling services and tool rental services in most US onshore oil and gas basins. View Source13: Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / July 15, 2024 /PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m. Central Time to discuss results for the second quarter ended June 30, 2024. Participants can access ... ACCESSWIRE • 7 days ago Patterson-UTI Reports Drilling Activity for May 2024 HOUSTON, TX / ACCESSWIRE / June 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the United States. For the two months ended May 31, 2024, ... ACCESSWIRE • last month Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE HOUSTON, TX / ACCESSWIRE / May 13, 2024 /PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, ... ACCESSWIRE • 2 months ago Patterson-UTI Reports Drilling Activity for April 2024 HOUSTON, TX / ACCESSWIRE / May 6, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2024, the Company had an average of 116 drilling rigs operating in the United States. Average drilling rigs operating reported ... ACCESSWIRE • 2 months ago Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024 HOUSTON, TX / ACCESSWIRE / May 1, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial Results and Other Key Items Total revenue of $1.5 billion Net income ... ACCESSWIRE • 2 months ago Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / April 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, May 2, 2024, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2024. Participants can access ... ACCESSWIRE • 3 months ago Patterson-UTI Reports Drilling Activity for March 2024 HOUSTON, TX / ACCESSWIRE / April 3, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of March 2024, the Company had an average of 120 drilling rigs operating in the United States. For the three months ended March 31, ... ACCESSWIRE • 3 months ago Patterson-UTI Reports Drilling Activity for February 2024 HOUSTON, TX / ACCESSWIRE / March 4, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of February 2024, the Company had an average of 122 drilling rigs operating in the United States. For the two months ended February ... ACCESSWIRE • 4 months ago Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023 HOUSTON, TX / ACCESSWIRE / February 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2023. Fourth Quarter 2023 Financial Results and Other Key Items Total revenue of $1.58 billion ... ACCESSWIRE • 5 months ago Patterson-UTI Reports Drilling Activity for January 2024 HOUSTON, TX / ACCESSWIRE / February 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of January 2024, the Company had an average of 122 drilling rigs operating in the United States. Average drilling rigs operating ... ACCESSWIRE • 5 months ago Patterson-UTI Energy Announces Fourth Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / January 19, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 15, 2024, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2023. Participants ... ACCESSWIRE • 5 months ago Patterson-UTI Reports Drilling Activity for December 2023 HOUSTON, TX / ACCESSWIRE / January 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of December 2023, the Company had an average of 119 drilling rigs operating in the United States. For the three months ended December ... ACCESSWIRE • 6 months ago Patterson-UTI Reports Drilling Activity for November 2023 HOUSTON, TX / ACCESSWIRE / December 8, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of November 2023, the Company had an average of 118 drilling rigs operating in the United States. For the two months ended November ... ACCESSWIRE • 7 months ago Patterson-UTI Energy Reports Financial Results for the Quarter Ended September 30, 2023 HOUSTON, TX / ACCESSWIRE / November 7, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2023.Reported financial results for the quarter ended September 30, 2023 include:A full quarter ... ACCESSWIRE • 8 months ago Patterson-UTI Reports Drilling Activity for October 2023 HOUSTON, TX / ACCESSWIRE / November 6, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of October 2023, the Company had an average of 117 drilling rigs operating in the United States.Average drilling rigs operating ... ACCESSWIRE • 8 months ago Patterson-UTI Energy Announces Third Quarter Earnings Conference Call and Webcast HOUSTON, TX / ACCESSWIRE / October 5, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Wednesday, November 8, 2023, at 9:00 a.m. Central Time to discuss results for the third quarter ended September 30, 2023. Due to the ... ACCESSWIRE • 9 months ago Patterson-UTI Reports Drilling Activity for September 2023 HOUSTON, TX / ACCESSWIRE / October 4, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of September 2023, the Company had an average of 117 drilling rigs operating in the United States. For the three months ended September ... ACCESSWIRE • 9 months ago Patterson-UTI Reports Drilling Activity for August 2023 PATTERSON-UTI ENERGY, INC.(NASDAQ:PTEN) today reported that for the month of August 2023, the Company had an average of 117 drilling rigs operating in the United States. ACCESSWIRE • 10 months ago Patterson-UTI Energy and NexTier Oilfield Solutions Complete Merger Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") today announced the completion of its previously announced all-stock merger with NexTier Oilfield Solutions Inc. ("NexTier"), creating a leading provider of drilling and completions services in the United States. The combined company will retain the name Patterson-UTI Energy, Inc., continue trading under the ticker symbol PTEN and maintain its headquarters in Houston, Texas. ACCESSWIRE • 10 months ago Shareholders of Patterson-UTI Energy and NexTier Oilfield Solutions Approve Merger of Equals Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI") and NexTier Oilfield Solutions Inc. (NYSE:NEX) ("NexTier") today announced that, at separate special meetings held earlier today, both companies' shareholders voted in favor of all proposals necessary for the closing of the previously announced all-stock merger of equals transaction. ACCESSWIRE • 10 months ago View Source14: Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "As a leading provider of contract drilling services in the United States, we are proud to announce this transaction. Pioneer's high-quality fleet of 17 drilling rigs in the United States, of which 16 are super-spec, will be a valuable addition to our business. Additionally, many of these rigs are capable of substituting cleaner-burning natural gas for diesel, a technology that is becoming increasingly important to operators for reduced emissions. View Source15: "Following the closing of this transaction, Patterson-UTI will own 166 super-spec rigs in the United States, with almost half of these rigs equipped to utilize alternative power sources for reduced emissions. Furthermore, this transaction expands our geographic footprint into the international markets with the addition of eight rigs in Colombia, where Pioneer has worked for 14 years with an experienced operations team and a well-established infrastructure. I want to recognize the Pioneer employees for their hard work in creating such an attractive company with great performance for their customers, and I look forward to welcoming the Pioneer employees to the Patterson-UTI family." View Source16: In addition to the U.S. and Colombian contract drilling businesses, Pioneer Energy Services includes a well-run and high-quality well service rig business consisting of 123 service rigs with a leadership position in the Gulf Coast region. Patterson-UTI believes this business would be better served as part of a larger well service rig business or as a focused standalone business. Accordingly, Patterson-UTI expects that this well service rig business would be divested following the closing of the transaction. View Source17: Adds 16 super-spec drilling rigs to Patterson-UTI's current fleet of 150 super-spec drilling rigs in the United States Expands Patterson-UTI's geographic footprint with the addition of eight pad-capable rigs in Colombia Expected to be accretive to cash flow per share and adjusted EBITDA per share and generate annual synergies of more than $15 million Complements Patterson-UTI's current customer base and allows Patterson-UTI to accelerate its super-spec rig count growth into a market with improving demand Enhances Patterson-UTI's focus on reduced emissions, with additional rigs capable of using natural gas as a primary fuel source View Source