Patterson-UTI Energy Inc (PTEN.OQ)
Thu, Jul 26 2018
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.
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.
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.
BRIEF-Patterson-UTI Energy Says For Month Of April 2018, Company Had An Average Of 173 Drilling Rigs Operating
* 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
April 13 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
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