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Patterson-UTI Energy Inc (PTEN.OQ)

PTEN.OQ on NASDAQ Stock Exchange Global Select Market

12.70USD
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Thu, Jul 26 2018

Patterson-UTI says shale fracturing market becoming saturated

HOUSTON Shares of oilfield services provider Patterson-UTI Energy Inc 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.

UPDATE 1-Patterson-UTI says shale fracturing market becoming saturated

HOUSTON, July 26 Shares of oilfield services provider Patterson-UTI Energy Inc 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.

Patterson-UTI pulls back additional hydraulic fracturing fleets

HOUSTON, July 26 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.

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