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December 3, 2013
06:55 EDTPTENPatterson-UTI Energy reports November drilling activity
Patterson-UTI Energy reported that for the month of November 2013, the company had an average of 184 drilling rigs operating in the U.S. and 10 rigs in Canada. For the two months ended November 30, the company had an average of 181 drilling rigs operating in the U.S. 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 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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