2017 News Releases

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Q2 2017 Patterson-UTI Energy, Inc. Earnings Conference Call
07/27/17 at 9:00 a.m. CT
Q2 2017 Patterson-UTI Energy, Inc. Earnings Conference Call
Thursday, July 27, 2017 9:00 a.m. CT  
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07/06/17Patterson-UTI Reports Drilling Activity for June 2017
HOUSTON, July 6, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2017, the Company had an average of 160 drilling rigs operating in the United States and one rig in Canada.  For the three months ended June 30, 2017, the Company had an average of 145 drilling rigs operating in the United States and one rig in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Compan... 
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06/27/17Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast
HOUSTON, June 27, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, July 27, 2017, at 9:00 a.m. Central Time to discuss results for the second quarter ended June 30, 2017.  Participants can access the call by dialing (443) 961-0820 or (844) 498-0567 with the passcode 26426611.  The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at www.patenergy.com.  A replay of the conferenc... 
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06/05/17Patterson-UTI Reports Drilling Activity for May 2017
HOUSTON, June 5, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2017, the Company had an average of 159 drilling rigs operating in the United States and one rig in Canada.  For the two months ended May 31, 2017, the Company had an average of 138 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's... 
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05/17/17Patterson-UTI Energy to Present at the UBS Global Oil and Gas Conference
HOUSTON, May 17, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on May 23, 2017, at the UBS Global Oil and Gas Conference. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 10:35 a.m. Central Time. To access the webcast, go to www.patenergy.com prior to the scheduled start time. About Patterson-UTI Patterson-UTI is an... 
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05/11/17Patterson-UTI Energy Reports John E. Vollmer III, its EVP-Corporate Development, CFO and Treasurer, Announces Decision to Retire
HOUSTON, May 11, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that John E. Vollmer III, Executive Vice President – Corporate Development, Chief Financial Officer and Treasurer, has notified the Company of his decision to retire after nearly 20 years of distinguished service.  His retirement will become effective after a transition period following the employment of his successor, which the Company expects to occur before the end of the year. "John's financial... 
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05/03/17Patterson-UTI Reports Drilling Activity for April 2017
HOUSTON, May 3, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of April 2017, the Company had an average of 115 drilling rigs operating in the United States and two 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 ... 
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04/27/17Patterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2017
HOUSTON, April 27, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2017.  As previously announced, Patterson-UTI completed the merger with Seventy Seven Energy on April 20, 2017.  All reported financial results for Patterson-UTI for the first quarter of 2017 are on a standalone basis. The Company reported a net loss of $63.5 million, or $0.40 per share, for the first quarter of 2017, compared to a net loss of... 
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04/20/17Patterson-UTI Energy Completes Merger with Seventy Seven Energy
HOUSTON, April 20, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) announced today that it has closed its merger with Seventy Seven Energy Inc.  Stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.  Patterson-UTI issued approximately 47.5 million shares pursuant to the merger.  Concurrent with the closing of the merger, Patterson-UTI repaid all of the outstandin... 
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04/10/17Seventy Seven Energy Inc. Extends Deadline for Warrant Exercises
OKLAHOMA CITY and HOUSTON, April 10, 2017 /PRNewswire/ -- SEVENTY SEVEN ENERGY INC. ("SSE") and PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) ("Patterson-UTI") announced today that SSE was extending the deadline for holders of its outstanding warrants to exercise those warrants in advance of the consummation of the merger contemplated by the previously announced Agreement and Plan of Merger (the "Merger Agreement") dated as of December 12, 2016, by and among SSE, Patterson-UTI, and Pyramid Merger Su... 
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04/05/17Patterson-UTI Reports Drilling Activity for March 2017
HOUSTON, April 5, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of March 2017, the Company had an average of 88 drilling rigs operating in the United States and two rigs in Canada.  For the three months ended March 31, 2017, the Company had an average of 81 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Com... 
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03/22/17Patterson-UTI Energy, Inc. Announces Meeting Date for Special Meeting Regarding Merger with Seventy Seven Energy Inc.
HOUSTON, March 22, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) ("Patterson-UTI") announced today that it will hold a special meeting of its stockholders in connection with the proposed merger with Seventy Seven Energy Inc. ("SSE") on April 20, 2017 at 9:00 a.m. Central Time, at Patterson-UTI's offices at 10713 West Sam Houston Parkway North, Suite 800, Houston, Texas 77064. At the special meeting, Patterson-UTI's stockholders will consider and vote upon (i) the proposal (the "... 
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03/21/17Patterson-UTI Energy Announces First Quarter Earnings Conference Call and Webcast
HOUSTON, March 21, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) will hold a conference call on Thursday, April 27, 2017, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2017.  Participants can access the call by dialing (443) 961-0820 or (844) 498-0567 with the passcode 91755184.  The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at www.patenergy.com.  A replay of the confere... 
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03/06/17Patterson-UTI Reports Drilling Activity for February 2017
HOUSTON, March 6, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of February 2017, the Company had an average of 80 drilling rigs operating in the United States and two rigs in Canada.  For the two months ended February 28, 2017, the Company had an average of 78 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the... 
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02/28/17Patterson-UTI Energy to Present at the Raymond James 38th Annual Institutional Investors Conference
HOUSTON, Feb. 28, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on March 7, 2017, at the Raymond James 38th Annual Institutional Investors Conference.  Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer.  The presentation will be webcast live beginning at approximately 8:40 a.m. Eastern Time.  To access the webcast, go to www.patenergy.com prior to the scheduled start time.  About Pa... 
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02/22/17Patterson-UTI Energy, Inc. Announces Record Date for Special Meeting Regarding Merger With Seventy Seven Energy Inc.
HOUSTON, Feb. 22, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) ("Patterson-UTI") announced today that it has established a record date for the special meeting of its stockholders to consider and vote upon (i) the proposal (the "Patterson-UTI Issuance Proposal") to approve the issuance of shares of Patterson-UTI common stock, par value $0.01 per share, to stockholders of Seventy Seven Energy Inc., ("SSE") in connection with the merger contemplated by the previously announced Agr... 
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02/09/17Patterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2016
HOUSTON, Feb. 9, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and twelve months ended December 31, 2016.  The Company reported a net loss of $78.1 million, or $0.53 per share, for the fourth quarter of 2016, compared to a net loss of $58.7 million, or $0.40 per share, for the quarter ended December 31, 2015.  Revenues for the fourth quarter of 2016 were $247 million, compared to $339 million for the fourth quarter of 2015. For ... 
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02/07/17Patterson-UTI Energy to Present at the Credit Suisse 22nd Annual Energy Summit
HOUSTON, Feb. 7, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on February 14, 2017, at the Credit Suisse 22nd Annual Energy Summit.  Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer.  The presentation will be webcast live beginning at approximately 10:55 a.m. Mountain Time.  To access the webcast, go to www.patenergy.com prior to the scheduled start time.  About Patterson-UTI Pat... 
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02/03/17Patterson-UTI Reports Drilling Activity for January 2017
HOUSTON, Feb. 3, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of January 2017, the Company had an average of 76 drilling rigs operating in the United States and two 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 drillin... 
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01/24/17Patterson-UTI Energy Prices Public Offering of Common Stock
HOUSTON, Jan. 24, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) ("Company") today announced that it has priced an underwritten, upsized public offering of 15,800,000 shares of common stock at a price to the public of $26.45 per share of common stock. The 15,800,000 share offering represents a 1,000,000 share upsize to the originally proposed 14,800,000 share offering.  The underwriters have an option for 30 days to purchase up to an additional 2,370,000 shares of common stock fr... 
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01/24/17Patterson-UTI Energy Announces Public Offering of Common Stock
HOUSTON, Jan. 24, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) (the "Company") today announced that it has commenced an underwritten public offering of 14,800,000 shares of common stock. The Company expects to grant the underwriters an option to purchase up to an additional 2,220,000 shares of common stock from the Company. The Company intends to use a portion of the net proceeds of the offering and, if required, borrowings under its revolving credit facility, to fund the re... 
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01/23/17Patterson-UTI Energy Comments on Expected Fourth Quarter 2016 Results
HOUSTON, Jan. 23, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that based on a preliminary analysis of the financial results for the three months ended December 31, 2016, the Company expects revenues of approximately $247 million, Adjusted EBITDA of approximately $44.0 million and a net loss of approximately $78.1 million, or $0.53 per share.  As of January 22, 2017, our rig count was 77 rigs in the United States and two rigs in Canada compared to the month ... 
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01/04/17Patterson-UTI Reports Drilling Activity for December 2016
HOUSTON, Jan. 4, 2017 /PRNewswire/-- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2016, the Company had an average of 71 drilling rigs operating in the United States and two rigs in Canada.  For the three months ended December 31, 2016, the Company had an average of 66 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the... 
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