Patterson-UTI Notes Drilling Activity for October 2009
Patterson-UTI Energy reported that for the month of October 2009, the Company had an average of 88 drilling rigs operating, including 82 rigs in the United States and 6 rigs in Canada.
Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
- Driller at Center of Oklahoma Well Blast has History of Deadly Accidents (Jan 26)
- Walking Oil Rigs Spur Cheaper, Quicker Drilling in Supply Glut (Sep 01)
- Patterson-UTI to Sell Stakes (May 10)