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Patterson-UTI Energy Reports Q2 Loss Per Share Of $0.81
Essent Group Set To Join S&P Midcap 400
Patterson-UTI Says Committee Desired 2020 Target Long-Term Incentive Compensation Value For Named Executives Be About 75% Less Than 2019 Target
Patterson-UTI Energy, Inc. is an oilfield services company. The Company owns and operates a fleet of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company's segments include Contract Drilling, Pressure Pumping and Other operations. The Contract Drilling segment markets its contract drilling services to independent and other oil and natural gas operators. As of December 31, 2016, the Company had 202 marketed land-based drilling rigs. The Pressure Pumping segment provides pressure pumping services to oil and natural gas operators primarily in Texas (Southwest Region) and the Appalachian region (Northeast Region). The Other operations segment includes the Company's pipe handling components and related technology business, the oil and natural gas working interests and the Middle East/North Africa business. In addition, the Company owns and invests in oil and natural gas assets as a non-operating working interest owner in Texas and New Mexico.
Oil Well Services & Equipment
10713 W Sam Houston Pkwy N Ste 800
Curtis W. Huff
Non-Executive Chairman of the Board
William Andrew Hendricks
President, Chief Executive Officer, Director
C. Andrew Smith
Chief Financial Officer, Executive Vice President
James M. Holcomb
President of Patterson-UTI Drilling Company LLC
Kenneth N. Berns
Executive Vice President and Chief Commercial Officer
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U.S. oilfield services firm Patterson-UTI Energy <PTEN.O> expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call.
Oilfield service firm Patterson-UTI Energy Inc <PTEN.O> on Thursday warned investors it would see a 60% decline in activity this year as shale companies slash spending and halt activity amid an unprecedented decline in oil prices.
* PATTERSON-UTI ADDRESSES CURRENT MARKET CONDITIONS AND PROVIDES OPERATIONAL UPDATE
Oilfield services provider Patterson-UTI Energy Inc <PTEN.O> reported a bigger-than-expected quarterly loss on Thursday, but forecast a modest increase in rig count in early 2020.
Patterson-UTI Energy Inc reported a smaller quarterly loss on Thursday, as the oilfield services provider slashed costs by half in the face of ongoing decline in North American drilling activity.
Oilfield services firm Patterson-UTI reported a smaller-than-expected loss on Thursday, as cost cuts helped it limit the impact of an ongoing decline in North American shale activity.
Oilfield services provider Patterson-UTI Energy Inc reported a wider quarterly adjusted loss on Thursday, hurt by a slowdown in pressure pumping activity across the North American shale market.
Oilfield services provider Patterson-UTI on Tuesday said it had no plans to invest in electric hydraulic fracturing fleets, pointing to the high cost of building equipment and the oversupplied pressure pumping market.
Oilfield service firm Patterson-UTI <PTEN.O> on Thursday said it would maintain 15 hydraulic fracturing crews during the third quarter, even as it warned investors that pressure pumping activity would likely be lower.
Patterson-UTI Energy Inc is exploring the potential divestment of its pressure pumping business, a deal that could be worth around $1 billion and break up the U.S. oilfield services firm, people familiar with the matter said on Thursday.
Shares of oilfield services provider Patterson-UTI Energy Inc <PTEN.O> fell on Thursday after the company reported weaker-than-expected results in its pressure pumping business, stoking investor concerns that the market is over supplied.
Oilfield services provider Patterson-UTI on Thursday said it would temporarily stop deploying new pressure pumping fleets to hydraulically fracture oil and gas wells due to oversupply in the market.
* PATTERSON-UTI ENERGY INC SAYS FOR MONTH OF APRIL 2018, COMPANY HAD AN AVERAGE OF 173 DRILLING RIGS OPERATING Source text for Eikon: Further company coverage:
* PATTERSON-UTI ENERGY REPORTS FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2018
Patterson-UTI Energy Inc's Chief Executive William Hendricks' 2017 compensation more than doubled to $14.25 million, the oil and gas driller disclosed in an SEC filing on Friday.
* PATTERSON-UTI ENERGY SAYS CEO WILLIAM ANDREW HENDRICKS' FY 2017 TOTAL COMPENSATION WAS $14.3 MLN VS $6.2 MLN IN 2016 - SEC FILING Source text - https://bit.ly/2HkfSLr Further company coverage:
* FOR MONTH OF MARCH 2018, COMPANY HAD AN AVERAGE OF 172 DRILLING RIGS OPERATING
* PATTERSON-UTI ENERGY ANNOUNCES APPOINTMENT OF JANEEN S. JUDAH TO BOARD OF DIRECTORS
* PATTERSON-UTI ENERGY ANNOUNCES $600 MILLION CREDIT AGREEMENT
* PATTERSON-UTI ENERGY INC SAYS FOR MONTH OF FEBRUARY 2018, COMPANY HAD AN AVERAGE OF 170 DRILLING RIGS OPERATING Source text for Eikon: Further company coverage:
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