Patterson-UTI (PTEN) Reports Drilling Results for Month of June
Patterson-UTI Energy (Nasdaq: PTEN) today reported that for the month of June 2009, the Company had an average of 60 drilling rigs operating, including 58 rigs in the U.S. and 2 rigs in Canada. For the three months ended June 2009, the Company had an average of 63 drilling rigs operating, including 61 rigs in the U.S. and 2 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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