Patterson-UTI Had Average of 104 Rigs Operating in November
Patterson-UTI Energy reported that for the month of November 2009, the Company had an average of 104 drilling rigs operating, including 96 rigs in the United States and 8 rigs in Canada. For the two months ended November 2009, the Company had an average of 96 drilling rigs operating, including 89 rigs in the United States and 7 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.
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- Patterson-UTI to Sell Stakes (May 10)