Drilling & Completions | Service & Supply | Oilfield Services | Drilling Activity | Drilling Contractor
Patterson UTI Sees Rig Count Normalizing; No Near-Term Debt
Email
Print 
Bookmark
Patterson UTI reported its monthly rig activity, in which we see rig count beginning to normalize.
The company has a large exposure to the gas-focused basins (Marcellus and Haynesville), hence the company rig count has held up better relative to its peers.
Drilling Activity
Financial Results
The company financial position continues to improve.
Liquidity
The company has access to $847 million, including $600 million available under our undrawn revolver and $247 million in cash.
Related Categories :
Drilling Contractor
More Drilling Contractor News
-
Drilling Contractor Talks International Drilling Improvement Plus ; Lower 48 and More -
-
Precision Drilling Expects Rig Activity To Pick Up Through Year-End; 3Q 2020 Results -
-
Patterson UTI, Frac Activity Better Than Expects; Rigs Growing -
-
Patterson Reports September Drilling Activity Picking Up
-
Valaris plc Files for Bankruptcy; Secures DIP Financing
Ark-La-Tex News >>>
-
Why $90 Oil Isn’t Bringing Back the Rigs -
-
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year -
-
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
-
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
-
Ascent Resources 2026: A Quiet Growth Story for Oilfield Services
Gulf Coast News >>>
-
Diversified Energy Striking While the Iron is Hot in East Texas
-
Infinity Closes $1.2B Utica Upstream & Midstream Deal
-
Antero Resources Completes $2.8B Marcellus Expansion
-
Mitsubishi to Buy Aethon for ~$5.2B, Taking Scaled Haynesville Gas Platform
-
An Eagle Ford Team That Cashed Out Is Back for Another Cycle -
