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Patterson-UTI Reports Drilling Activity for February 2013
By: MT Newswires
Patterson-UTI Energy, Inc. ( PTEN ) reported that for the month of February 2013, it had an average of 201 drilling rigs operating, including 189 rigs in the United States and 12 rigs in Canada. For the two months ended February 28, 2013, it had an average of 199 drilling rigs operating, including 188 rigs in the United States and 11 rigs in Canada.
Average drilling rigs operating reported in the company's monthly announcements represent the average number of its drilling rigs that were operating under a drilling contract.
PTEN closed at $23.22, trading near the higher end of 52-week range $12.81 - $24.64.