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Patterson-UTI Energy Inc (PTEN.OQ)

PTEN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Patterson-UTI Energy Acquires Superior QC
6:00am EST 

Feb 21 (Reuters) - Patterson-Uti Energy Inc ::PATTERSON-UTI ENERGY ACQUIRES SUPERIOR QC, A DIRECTIONAL DRILLING ANALYTICS COMPANY.PATTERSON-UTI ENERGY INC - CHAD HANAK HAS JOINED PATTERSON-UTI.PATTERSON-UTI ENERGY - CHAD HANAK IS FOUNDER OF SUPERIOR QC LLC.  Full Article

Patterson-UTI Energy Posts Q4 Adj. Loss Per Share $0.10
Thursday, 8 Feb 2018 06:00am EST 

Feb 8 (Reuters) - Patterson-UTI Energy Inc ::PATTERSON-UTI ENERGY REPORTS FINANCIAL RESULTS FOR THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2017.Q4 LOSS PER SHARE $0.10 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $0.88.Q4 REVENUE $787 MILLION VERSUS $247 MILLION.‍AVERAGE RIG MARGIN PER DAY FOR Q4 INCREASED $280 SEQUENTIALLY TO $8,010​.Q4 EARNINGS PER SHARE VIEW $-0.08, REVENUE VIEW $764.5 MILLION -- THOMSON REUTERS I/B/E/S.QTRLY ‍AVERAGE RIG REVENUE PER DAY OF $20,950​.QTRLY ‍AVERAGE RIG OPERATING COSTS PER DAY INCREASED, AS EXPECTED, TO $12,940 FROM AN UNUSUALLY LOW LEVEL IN Q3​.‍EXPECT AN AVERAGE OF 96 RIGS OPERATING UNDER TERM CONTRACTS DURING Q1​.‍EXPECT AVERAGE OF 67 RIGS OPERATING UNDER TERM CONTRACTS DURING 2018​.  Full Article

Patterson-UTI Energy Prices $525 Mln Senior Notes Offering
Wednesday, 10 Jan 2018 02:43pm EST 

Jan 10 (Reuters) - Patterson-Uti Energy Inc ::PATTERSON-UTI ENERGY, INC. ANNOUNCES PRICING OF $525 MILLION OFFERING OF 3.95% SENIOR NOTES DUE 2028.  Full Article

Patterson-Uti Energy Inc Announces Proposed Private Debt Offering
Friday, 5 Jan 2018 08:57am EST 

Jan 5 (Reuters) - Patterson-Uti Energy Inc ::PATTERSON-UTI ENERGY INC - ‍PROPOSING TO ISSUE SENIOR NOTES TO ELIGIBLE PURCHASERS IN A PRIVATE OFFERING​.PATTERSON-UTI ENERGY INC - INTENDS TO USE NET PROCEEDS TO REPAY AMOUNTS OUTSTANDING UNDER ITS CREDIT AGREEMENT.PATTERSON-UTI ENERGY, INC. ANNOUNCES PROPOSED PRIVATE DEBT OFFERING.  Full Article

Patterson-Uti Reports Drilling Activity For December 2017
Thursday, 4 Jan 2018 06:00am EST 

Jan 4 (Reuters) - Patterson-Uti Energy Inc ::PATTERSON-UTI REPORTS DRILLING ACTIVITY FOR DECEMBER 2017.PATTERSON-UTI ENERGY INC - FOR THREE MONTHS ENDED DECEMBER 31, 2017, COMPANY HAD AN AVERAGE OF 161 DRILLING RIGS OPERATING.PATTERSON-UTI ENERGY INC - FOR MONTH OF DECEMBER 2017, COMPANY HAD AN AVERAGE OF 163 DRILLING RIGS OPERATING.  Full Article

Patterson-UTI Energy Q3 loss per share $0.16
Thursday, 26 Oct 2017 06:00am EDT 

Oct 26 (Reuters) - Patterson-UTI Energy Inc :Patterson-UTI Energy reports financial results for three and nine months ended September 30, 2017.Q3 loss per share $0.16.Q3 revenue $685 million versus I/B/E/S view $687.6 million.Q3 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S.Patterson-UTI Energy Inc - ‍averaged 161 operating rigs during quarter compared to 146 during Q2​.Patterson-UTI -Q3 ‍average rig margin/day up $1,010 sequentially to $7,730 due primarily to $960/day decrease in average rig operating costs to $12,600​.Patterson-UTI Energy inc - ‍based on contracts currently in place, expect an average of 87 rigs operating under term contracts during q4​.Patterson-UTI says qtrly ‍average rig margin/day increased sequentially to $7,730 due to $960/day decrease in average rig operating costs to $12,600​.Patterson-UTI Energy says ‍plan to reactivate one additional frac spread during Q4, bringing its active frac fleet at end of year to 23 active spreads​.  Full Article

Patterson-UTI reports drilling activity for August 2017
Tuesday, 5 Sep 2017 06:00am EDT 

Sept 5 (Reuters) - Patterson-UTI Energy Inc :Patterson-UTI reports drilling activity for August 2017.Patterson-UTI Energy Inc- for month of August 2017, company had an average of 162 drilling rigs operating.  Full Article

Patterson-UTI Energy appoints Andy Smith as CFO
Tuesday, 5 Sep 2017 06:00am EDT 

Sept 5 (Reuters) - Patterson-UTI Energy Inc :Patterson-UTI Energy announces appointment of Andy Smith as chief financial officer.Patterson-UTI Energy Inc - Smith most recently served as executive vice president and chief financial officer of Kirby Corporation.  Full Article

Patterson-UTI Energy reports Q2 loss per share $0.46
Thursday, 27 Jul 2017 06:00am EDT 

July 27 (Reuters) - Patterson-UTI Energy Inc -:Patterson-UTI energy reports financial results for three and six months ended june 30, 2017.Q2 loss per share $0.21 excluding items.Q2 revenue $579 million versus i/b/e/s view $556.3 million.Q2 earnings per share view $-0.30 -- Thomson Reuters I/B/E/S.Q2 loss per share $0.46 including items.Patterson-UTI Energy Inc says average rig count in united states during q2 was 145 rigs.Patterson-UTI Energy Inc says on a standalone basis, patterson-UTI averaged 100 rigs for q2 in united states, up 23% from 81 rigs during q1.Patterson-UTI Energy Inc says based on contracts currently in place, expect an average of 94 rigs operating under term contracts during q3.  Full Article

Patterson-UTI Energy sees 2017 capex $450 mln
Tuesday, 23 May 2017 06:21am EDT 

May 23 (Reuters) - Patterson-UTI Energy Inc ::Patterson-UTI Energy Inc - sees 2017 capex $450 million, as of April 27.  Full Article

BRIEF-Patterson-UTI Energy Acquires Superior QC

* PATTERSON-UTI ENERGY ACQUIRES SUPERIOR QC, A DIRECTIONAL DRILLING ANALYTICS COMPANY