Yahoo · Sep 10, 2026
Patterson-UTI (PTEN) Averaged 101 August Rigs. Can Activity Deliver Better Margins?
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported on September 7 that it averaged 101 revenue-earning drilling rigs in the United States during August and 100 over the two months ended August 31. The count measures rigs earning revenue under drilling contracts. The announcement provided no day rates, contract duration, utilization by rig class, or margins. Management explicitly […]

