2015 News Releases

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12/03/15Patterson-UTI Reports Drilling Activity for November 2015
HOUSTON, Dec. 3, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of November 2015, the Company had an average of 89 drilling rigs operating in the United States and three rigs in Canada.  For the two months ended November 30, 2015, the Company had an average of 91 drilling rigs operating in the United States and four rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of t... 
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11/04/15Patterson-UTI Reports Drilling Activity for October 2015
HOUSTON, Nov. 4, 2015 /PRNewswire/ --PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of October 2015, the Company had an average of 92 drilling rigs operating in the United States and four 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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10/22/15Patterson-UTI Energy Reports Financial Results for Three and Nine Months Ended September 30, 2015
HOUSTON, Oct. 22, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and nine months ended September 30, 2015.  Including the non-cash charges discussed below, the Company reported a net loss of $226 million, or $1.54 per share, for the third quarter of 2015, compared to net income of $16.0 million, or $0.11 per share, for the quarter ended September 30, 2014.  Revenues for the third quarter of 2015 were $422 million, compared to $846 mi... 
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10/05/15Patterson-UTI Reports Drilling Activity for September 2015
HOUSTON, Oct. 5, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of September 2015, the Company had an average of 99 drilling rigs operating in the United States and four rigs in Canada.  For the three months ended September 30, 2015, the Company had an average of 105 drilling rigs operating in the United States and four rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number ... 
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09/03/15Patterson-UTI Reports Drilling Activity for August 2015
HOUSTON, Sept. 3, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of August 2015, the Company had an average of 106 drilling rigs operating in the United States and four rigs in Canada.  For the two months ended August 31, 2015, the Company had an average of 109 drilling rigs operating in the United States and four rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the... 
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08/05/15Patterson-UTI Reports Drilling Activity for July 2015
HOUSTON, Aug. 5, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of July 2015, the Company had an average of 111 drilling rigs operating in the United States and four 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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07/23/15Patterson-UTI Energy Reports Financial Results for Three and Six Months Ended June 30, 2015
HOUSTON, July 23, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2015.  The Company reported a net loss of $19.0 million, or $0.13 per share, for the second quarter of 2015, compared to net income of $54.3 million, or $0.37 per share, for the quarter ended June 30, 2014.  Revenues for the second quarter of 2015 were $473 million, compared to $757 million for the second quarter of 2014. For the six mo... 
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07/02/15Patterson-UTI Reports Drilling Activity for June 2015
HOUSTON, July 2, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2015, the Company had an average of 112 drilling rigs operating in the United States and one rig in Canada.  For the three months ended June 30, 2015, the Company had an average of 122 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 Compa... 
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06/25/15Patterson-UTI Energy Announces Passing of Co-Founder Glenn Patterson
HOUSTON, June 25, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today regretfully announced the passing of A. Glenn Patterson, one of the original founders of the Company.  Mr. Patterson served as the President and Chief Operating Officer of the Company from 1978 until his retirement in May 2006.  During his more than 25-year tenure, he was instrumental in growing a one-rig drilling company into one of the largest drilling companies in the world. Mark S. Siegel, Chairman of P... 
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06/03/15Patterson-UTI Reports Drilling Activity for May 2015
HOUSTON, June 3, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2015, the Company had an average of 122 drilling rigs operating in the United States and one rig in Canada.  For the two months ended May 31, 2015, the Company had an average of 126 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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05/05/15Patterson-UTI Reports Drilling Activity for April 2015
HOUSTON, May 5, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of April 2015, the Company had an average of 131 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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04/23/15Patterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2015
HOUSTON, April 23, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2015.  The Company reported net income of $9.1 million, or $0.06 per share, for the first quarter of 2015, compared to net income of $34.8 million, or $0.24 per share, for the quarter ended March 31, 2014.  Revenues for the first quarter of 2015 were $658 million, compared to $678 million for the first quarter of 2014. Andy Hendricks, Patters... 
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04/20/15Patterson-UTI Announces Settlement with U.S. Equal Employment Opportunity Commission
HOUSTON, April 20, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that its subsidiary, Patterson-UTI Drilling Company LLC (the "Company"), has reached an agreement with the U.S. Equal Employment Opportunity Commission to resolve previously disclosed allegations that originated from claims from field-based employees a number of years ago.  Rather than pursuing costly litigation to dispute past claims, the Company's leadership team chose to work with the Commission ... 
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04/02/15Patterson-UTI Reports Drilling Activity for March 2015
HOUSTON, April 2, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of March 2015, the Company had an average of 142 drilling rigs operating in the United States and four rigs in Canada.  For the three months ended March 31, 2015, the Company had an average of 165 drilling rigs operating in the United States and eight rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of th... 
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03/18/15Patterson-UTI Energy Announces Term Loan Financing
HOUSTON, March 18, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that the Company has entered into a $200 million senior unsecured term loan agreement with a group of financial institutions led by Wells Fargo Bank, N.A.  The maturity date of the term loan facility is September 27, 2017, which is the same maturity date as the Company's principal credit agreement. The term loan has been funded, and the Company has used the proceeds to repay all $150 million of o... 
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03/05/15Patterson-UTI Reports Drilling Activity for February 2015
HOUSTON, March 5, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of February 2015, the Company had an average of 164 drilling rigs operating in the United States and nine rigs in Canada. For the two months ended February 28, 2015, the Company had an average of 177 drilling rigs operating in the United States and nine rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of ... 
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03/03/15Patterson-UTI Announces Retirement of Director
HOUSTON, March 3, 2015 /PRNewswire/ --PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that Cloyce Talbott has chosen not to stand for re-election to the Company's Board of Directors.  Mr. Talbott co-founded Patterson-UTI and has served as a director since its incorporation in 1978. Mr. Talbott stated, "After more than 50 years in the oil and gas industry, more than 35 of which have been with Patterson-UTI, it is time for me to slow down a little.  The Company is strongly positioned ... 
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02/06/15Patterson-UTI Energy Announces Date for 2015 Annual Meeting of Stockholders
HOUSTON, Feb. 6, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) announced today that its Board of Directors has scheduled the Company's 2015 Annual Meeting of Stockholders for June 4, 2015. The Board has set a record date for the 2015 Annual Meeting of April 7, 2015. Since the 2015 Annual Meeting will occur more than 30 days after the anniversary of the Company's prior Annual Meeting of Stockholders held on April 17, 2014, the Board has set a new deadline for the receipt of share... 
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02/05/15Patterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2014
HOUSTON, Feb. 5, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and twelve months ended December 31, 2014.  Including the non-cash charges and higher tax rate discussed below, the Company reported net income of $57.6 million, or $0.39 per share, for the fourth quarter of 2014, compared to net income of $16.6 million, or $0.11 per share, for the quarter ended December 31, 2013.  Revenues for the fourth quarter of 2014 were $901 millio... 
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02/04/15Patterson-UTI Reports Drilling Activity for January 2015
HOUSTON, Feb. 4, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of January 2015, the Company had an average of 188 drilling rigs operating in the United States and 10 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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01/05/15Patterson-UTI Reports Drilling Activity for December 2014
HOUSTON, Jan. 5, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of December 2014, the Company had an average of 208 drilling rigs operating in the United States and eight rigs in Canada.  For the three months ended December 31, 2014, the Company had an average of 210 drilling rigs operating in the United States and nine rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number ... 
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