Patterson-UTI Energy Inc (PTEN)
Quote as of 10:17 AM ET 07/29/2010 (NASDAQ GS)
| Last: 16.08 |
Change: $0.17 |
Percent Change: 1.04 |
Volume: 1,830,041 |
Patterson-UTI Energy, Inc. (Patterson-UTI) owns and operates fleets of land-based drilling rigs in the United States. The Company?s contract drilling business operates primarily in Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, West Virginia and western Canada. As of December 31, 2009, it had a drilling fleet that consisted of 341 marketable land-based drilling rigs. It provides pressure pumping services to oil and natural gas operators primarily in the Appalachian Basin. These services consist primarily of well stimulation and cementing for completion of new wells and remedial work on existing wells. It also owns and invests in oil and natural gas assets as a working interest owner. Its oil and natural gas interests are located primarily in Texas and New Mexico. The Company exited the drilling and completion fluids services business on January 20, 2010, and sold substantially all of the assets.
Latest News
7:00:00 AM 7/29/2010
Patterson-UTI Energy Reports Financial Results for Three and Six Months Ended June 30, 2010
HOUSTON, July 29, 2010 /PRNewswire via COMTEX/ --
Patterson-UTI Energy, Inc. (PTEN) today reported financial results for the three and six months ended June 30, 2010. The Company reported net income of $29.5 million, or $0.19 per share, for the second quarter of 2010, compared to a net loss of $17.7 million, or a loss of $0.12 per share, for the quarter ended June 30, 2009. Revenues for the second quarter of 2010 were $307 million, compared to $140 million for the second quarter of 2009.
11:22:00 PM 7/28/2010
Key Energy Services Announces Second Quarter 2010 Results
HOUSTON, July 28, 2010 /PRNewswire via COMTEX/ --
Key Energy Services, Inc. (KEG) generated second quarter revenue of $339.0 million, an increase of 12% compared to the first quarter 2010, and a net loss of $2.2 million, or $0.02 per fully diluted share, compared to a first quarter net loss of $7.6 million, or $0.06 per fully diluted share. The company's earnings conference call will be held tomorrow, Thursday, July 29, 2010 at 10:00 a.m. CDT. The following table sets forth data for the second quarter of 2010 and prior comparable quarterly periods:
9:17:00 AM 7/19/2010
Patterson-UTI Energy, Inc. Announces Earnings Conference Call and Webcast Thursday, July 29, 2010, at 10:00 a.m. ET (9:00 a.m. CT / 7:00 a.m. PT)
HOUSTON, July 19, 2010 /PRNewswire via COMTEX/ --
Patterson-UTI Energy, Inc. (PTEN) will hold its conference call to discuss second quarter results on Thursday, July 29, 2010, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time and 7:00 a.m. Pacific Time).
7:00:00 AM 7/19/2010
Geokinetics Provides Update on the CFO Position and Announces New Management Changes
HOUSTON, July 19, 2010 /PRNewswire via COMTEX/ --
Geokinetics Inc. (GOK) today announced that Scott A. McCurdy, Senior Vice President and Chief Financial Officer, has agreed to delay his departure date from the Company and remain with Geokinetics in his present capacity until at least August 18, 2010 to assist through the second quarter reporting period and to enable an orderly transition. The Company is currently interviewing several qualified candidates and is confident a successor will be named in the near future.
12:00:00 PM 7/13/2010
EnerCom, Inc. to Host The Oil & Gas Conference(R) 15 on August 22-26, 2010
DENVER, July 13, 2010 /PRNewswire via COMTEX/ --
EnerCom, Inc. (www.enercominc.com) will host The Oil & Gas Conference(R) 15 at the Westin Tabor Center on August 22-26, 2010 in Denver. In its 15th year, the conference is the oldest and largest energy investment conference hosted in Denver, showcasing more than 90 companies with a combined enterprise value of more than $1 trillion. Investment professionals interested in attending this event can register at http://theoilandgasconference.com/Form1.aspx.
7:00:00 AM 7/6/2010
Patterson-UTI Energy Announces Acquisition of Pressure Pumping and Wireline Businesses from Key Energy Services
HOUSTON, July 6, 2010 /PRNewswire via COMTEX/ --
PATTERSON-UTI ENERGY, INC. (PTEN) today announced that it has entered into an agreement for a newly formed subsidiary to acquire pressure pumping and wireline assets from subsidiaries of Key Energy Services, Inc. (KEG) for $237.7 million in an all cash transaction. The acquisition includes inventory, but excludes other working capital items. The transaction, which is scheduled to close in September, is subject to termination of the waiting period under the Hart-Scott-Rodino Act.