Windsor, Alberta 10/5/2009 11:35:00 PM
News / Business

Patterson (NASDAQ: PTEN) UTI Reports Drilling Activity for September

PATTERSON-UTI ENERGY, (NASDAQ: PTEN) recently reported that for the month of September 2009, the Company had an average of 81 drilling rigs operating, including 77 rigs in the United States and 4 rigs in Canada. For the three months ended September 2009, the Company had an average of 73 drilling rigs operating, including 70 rigs in the United States and 3 rigs in Canada.

 

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Average drilling rigs operating reported in the monthly announcements represent the average number of Patterson-UTI Energy drilling rigs that were operating under a drilling contract. Patterson-UTI Energy cautioned that numerous factors in addition to average drilling rigs operating can impact.  Patterson-UTI Energy 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 Patterson-UTI Energy financial performance. .  Patterson-UTI Energy intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.  Patterson-UTI Energy provides onshore contract drilling services to exploration and production companies in North America. Patterson-UTI Energy has approximately 350 marketable land-based drilling rigs that operate primarily in the oil and natural gas producing regions of Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Alabama, Colorado, Arizona, Utah, Wyoming, Montana, North Dakota, South Dakota, Pennsylvania, West Virginia and western Canada. Patterson-UTI Energy, Inc. is also engaged in the businesses of pressure pumping services and drilling and completion fluid services.

 

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