Industry News - Rig Market - Patterson-UTI reports drilling activity for April 2008 Patterson-UTI reports drilling activity for April 2008 by: OilOnline Monday, May 05, 2008
Patterson-UTI Energy, Inc. has reported that for the month of April 2008, the Company had an average of 238 drilling rigs operating, including 238 rigs in the U.S. and no 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 moving or 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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