Welcome to our dedicated page for Patterson-Uti Energy news (Ticker: PTEN), a resource for investors and traders seeking the latest updates and insights on Patterson-Uti Energy stock.
Patterson-UTI Energy Inc. reports developments tied to drilling and completion services for oil and natural gas exploration and production companies. Recurring updates cover U.S. drilling rigs earning revenue under contract, quarterly financial results, segment performance in Drilling Services and Completion Services, and market conditions affecting U.S. land drilling and hydraulic fracturing activity.
The company also reports developments involving contract drilling, directional drilling, integrated well completion services, specialized drill bit solutions, and selected international activity. News may include customer agreements, fleet utilization commentary, technology and equipment investments, conference call notices, dividends, and operating trends across U.S. and other selected markets.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reported an average of 65 drilling rigs operating in June 2020 and 82 rigs for the three months ending June 30, 2020. The company indicated that these numbers may not directly indicate financial performance, as various factors could influence results. Patterson-UTI is a leading provider of oilfield services in North America, specializing in contract drilling, pressure pumping, and directional drilling services.
Patterson-UTI Energy (NASDAQ: PTEN) will host a conference call on July 23, 2020, at 9:00 a.m. Central Time, to discuss the financial results for the three and six months ending June 30, 2020. Participants can join by calling (647) 253-8640 or (844) 494-0002, using Conference ID 2556839. The call will also be available via webcast on the company's investor website. A replay will be accessible for two weeks. Patterson-UTI offers a range of oilfield services to North American exploration and production companies.