Patterson-UTI December 2024 Drilling Activity Report
Patterson-UTI Energy, Inc. recently shared its drilling activity report for December 2024. Last month, the company had around 104 drilling rigs in operation throughout the United States. Over the three months leading up to December 31, 2024, Patterson-UTI had an average of 105 drilling rigs active in the U.S.
It’s important to note that these numbers reflect the average amount of drilling rigs actively working under contracts and generating revenue for the company. While the data provides insight into Patterson-UTI’s operations, it’s essential to remember that various factors can influence the company’s overall performance. Changes in the number of drilling rigs operating may not always directly correlate with financial outcomes.
Looking ahead, Patterson-UTI plans to continue sharing monthly updates on their drilling rig activity shortly after each month concludes.
For those unfamiliar, Patterson-UTI is a prominent provider of drilling and completion services to oil and natural gas exploration and production companies in the U.S. and select international markets. Their services include contract drilling, well completion, directional drilling, and specialized drill bit solutions.
As with any financial information, it’s crucial to consider forward-looking statements cautiously. Patterson-UTI’s recent report is based on their current expectations and beliefs about future events. Factors like industry conditions, economic trends, competition, and regulatory changes can all impact the company’s performance.
For more details or to stay informed about Patterson-UTI’s operations, you can visit their website at www.patenergy.com. Those interested in the company’s financial filings can access them through the SEC’s website or by contacting Patterson-UTI directly.
If you have any investment-related queries or need more information, you can reach out to Michael Sabella, the Vice President of Investor Relations at (281) 885-7589. It’s always wise to stay informed and ask questions when engaging with investment opportunities.
