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Patterson-UTI Energy Inc (PTEN.OQ)

PTEN.OQ on NASDAQ Stock Exchange Global Select Market

11.04USD
24 May 2019
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Latest Key Developments (Source: Significant Developments)

Patterson-UTI Energy Says CEO's FY 2018 Total Compensation Was $9.8 Mln Vs $14.3 Mln In FY 2017
Saturday, 13 Apr 2019 

April 12 (Reuters) - Patterson-UTI Energy Inc ::PATTERSON-UTI ENERGY INC SAYS CEO WILLIAM ANDREW HENDRICKS' FY 2018 TOTAL COMPENSATION WAS $9.8 MILLION VERSUS $14.3 MILLION IN FY 2017 - SEC FILING.  Full Article

Patterson-Uti Energy Reports Q4 Loss Per Share Of $0.93
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Patterson-UTI Energy Inc ::PATTERSON-UTI ENERGY REPORTS FINANCIAL RESULTS FOR THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2018.Q4 LOSS PER SHARE $0.93.Q4 REVENUE $796 MILLION VERSUS REFINITIV IBES ESTIMATE OF $796.4 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.14 -- REFINITIV IBES DATA.IN CONTRACT DRILLING, RIG COUNT AVERAGED 183 RIGS DURING Q4, AN INCREASE OF FIVE RIGS FROM Q3.BASED ON CONTRACTS CURRENTLY IN PLACE, EXPECT AN AVERAGE OF 122 RIGS OPERATING UNDER TERM CONTRACTS DURING Q1.EXPECT RIG COUNT WILL AVERAGE 174 RIGS DURING Q1 OF 2019.BASED ON CONTRACTS CURRENTLY IN PLACE, EXPECT AN AVERAGE OF 78 RIGS OPERATING UNDER TERM CONTRACTS DURING 2019.PATTERSON-UTI ENERGY - AS OF DECEMBER 31, 2018, HAD TERM CONTRACTS FOR DRILLING RIGS PROVIDING FOR ABOUT $770 MILLION OF FUTURE DAYRATE DRILLING REVENUE.QTRLY INCREASE IN AVERAGE RIG REVENUE PER DAY OF $690 TO $22,970.AVERAGE RIG OPERATING COSTS PER DAY FOR Q4 DECREASED $230 TO $13,580.EXPECT 2019 CAPITAL EXPENDITURES OF $465 MILLION.BOARD HAS AUTHORIZED AN INCREASE TO BRING CURRENT SHARE REPURCHASE AUTHORIZATION UP TO $250 MILLION.  Full Article

Patterson-UTI Energy Q2 Loss Per Share $0.05
Thursday, 26 Jul 2018 

July 26 (Reuters) - Patterson-UTI Energy Inc ::PATTERSON-UTI ENERGY REPORTS FINANCIAL RESULTS FOR THREE AND SIX MONTHS ENDED JUNE 30, 2018.Q2 LOSS PER SHARE $0.05.Q2 REVENUE $854 MILLION VERSUS I/B/E/S VIEW $867 MILLION.Q2 EARNINGS PER SHARE VIEW $-0.04 -- THOMSON REUTERS I/B/E/S.EXPECT RIG COUNT WILL CONTINUE TO INCREASE AND AVERAGE 180 RIGS DURING Q3.SAYS AVERAGE RIG MARGIN PER DAY INCREASED BY A BETTER THAN EXPECTED $700 TO $8,270 FOR Q2.IN CONTRACT DRILLING, AVERAGE RIG COUNT INCREASED BY SEVEN TO 176 RIGS DURING Q2.SAYS 2018 CAPEX BUDGET REMAINS UNCHANGED AT $675 MILLION.FOR Q2, AVERAGE RIG REVENUE PER DAY WAS $21,870 AND AVERAGE RIG OPERATING COSTS PER DAY WERE $13,610.BASED ON CONTRACTS CURRENTLY IN PLACE, EXPECT AN AVERAGE OF 119 RIGS OPERATING UNDER TERM CONTRACTS DURING Q3.PATTERSON-UTI ENERGY - BASED ON CONTRACTS CURRENTLY IN PLACE, EXPECT AVERAGE OF 81 RIGS OPERATING UNDER TERM CONTRACTS DURING YEAR ENDING JUNE 30, 2019.  Full Article

Patterson-UTI Energy Prices $525 Mln Senior Notes Offering
Thursday, 11 Jan 2018 

Jan 10 (Reuters) - Patterson-Uti Energy Inc ::PATTERSON-UTI ENERGY, INC. ANNOUNCES PRICING OF $525 MILLION OFFERING OF 3.95% SENIOR NOTES DUE 2028.  Full Article

Patterson-Uti Energy Inc Announces Proposed Private Debt Offering
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Patterson-Uti Energy Inc ::PATTERSON-UTI ENERGY INC - ‍PROPOSING TO ISSUE SENIOR NOTES TO ELIGIBLE PURCHASERS IN A PRIVATE OFFERING​.PATTERSON-UTI ENERGY INC - INTENDS TO USE NET PROCEEDS TO REPAY AMOUNTS OUTSTANDING UNDER ITS CREDIT AGREEMENT.PATTERSON-UTI ENERGY, INC. ANNOUNCES PROPOSED PRIVATE DEBT OFFERING.  Full Article

Patterson-Uti Reports Drilling Activity For December 2017
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Patterson-Uti Energy Inc ::PATTERSON-UTI REPORTS DRILLING ACTIVITY FOR DECEMBER 2017.PATTERSON-UTI ENERGY INC - FOR THREE MONTHS ENDED DECEMBER 31, 2017, COMPANY HAD AN AVERAGE OF 161 DRILLING RIGS OPERATING.PATTERSON-UTI ENERGY INC - FOR MONTH OF DECEMBER 2017, COMPANY HAD AN AVERAGE OF 163 DRILLING RIGS OPERATING.  Full Article

Patterson-UTI Energy Q3 loss per share $0.16
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Patterson-UTI Energy Inc :Patterson-UTI Energy reports financial results for three and nine months ended September 30, 2017.Q3 loss per share $0.16.Q3 revenue $685 million versus I/B/E/S view $687.6 million.Q3 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S.Patterson-UTI Energy Inc - ‍averaged 161 operating rigs during quarter compared to 146 during Q2​.Patterson-UTI -Q3 ‍average rig margin/day up $1,010 sequentially to $7,730 due primarily to $960/day decrease in average rig operating costs to $12,600​.Patterson-UTI Energy inc - ‍based on contracts currently in place, expect an average of 87 rigs operating under term contracts during q4​.Patterson-UTI says qtrly ‍average rig margin/day increased sequentially to $7,730 due to $960/day decrease in average rig operating costs to $12,600​.Patterson-UTI Energy says ‍plan to reactivate one additional frac spread during Q4, bringing its active frac fleet at end of year to 23 active spreads​.  Full Article

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Saipem joint venture push with U.S. drillers draws a blank: sources

MILAN/LONDON Italian oil services company Saipem is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros ($1.7 billion), six sources told Reuters.