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Patterson-UTI Energy Inc (PTEN.OQ)

PTEN.OQ on NASDAQ Stock Exchange Global Select Market

16.95USD
16 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Patterson-UTI Energy Q2 Loss Per Share $0.05
Thursday, 26 Jul 2018 06:00am EDT 

July 26 (Reuters) - Patterson-UTI Energy Inc ::PATTERSON-UTI ENERGY REPORTS FINANCIAL RESULTS FOR THREE AND SIX MONTHS ENDED JUNE 30, 2018.Q2 LOSS PER SHARE $0.05.Q2 REVENUE $854 MILLION VERSUS I/B/E/S VIEW $867 MILLION.Q2 EARNINGS PER SHARE VIEW $-0.04 -- THOMSON REUTERS I/B/E/S.EXPECT RIG COUNT WILL CONTINUE TO INCREASE AND AVERAGE 180 RIGS DURING Q3.SAYS AVERAGE RIG MARGIN PER DAY INCREASED BY A BETTER THAN EXPECTED $700 TO $8,270 FOR Q2.IN CONTRACT DRILLING, AVERAGE RIG COUNT INCREASED BY SEVEN TO 176 RIGS DURING Q2.SAYS 2018 CAPEX BUDGET REMAINS UNCHANGED AT $675 MILLION.FOR Q2, AVERAGE RIG REVENUE PER DAY WAS $21,870 AND AVERAGE RIG OPERATING COSTS PER DAY WERE $13,610.BASED ON CONTRACTS CURRENTLY IN PLACE, EXPECT AN AVERAGE OF 119 RIGS OPERATING UNDER TERM CONTRACTS DURING Q3.PATTERSON-UTI ENERGY - BASED ON CONTRACTS CURRENTLY IN PLACE, EXPECT AVERAGE OF 81 RIGS OPERATING UNDER TERM CONTRACTS DURING YEAR ENDING JUNE 30, 2019.  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 Energy and Seventy Seven Energy to merge
Monday, 12 Dec 2016 09:20pm EST 

Patterson-UTI Energy Inc : Says Patterson-UTI expects to achieve synergies in excess of $50 million from deal . Says will acquire Seventy Seven Energy in exchange for approximately 49.6 million shares of common stock of Patterson-UTI . Says all of Seventy Seven Energy's debt is expected to be repaid at closing of transaction. . Says terms of merger agreement were unanimously approved by boards of directors of both companies . Says transaction values Seventy Seven Energy at approximately $1.76 billion . Says also expects to issue additional equity in connection with closing transaction .Patterson-UTI energy and seventy seven energy announce agreement to merge.  Full Article

U.S. safety board links plugged drill pipe to Oklahoma well fire

HOUSTON There were signs that a natural gas well was not fully sealed before it exploded in January, killing five workers, the U.S. Chemical Safety Board said in an updated report on the accident on Thursday.