Patterson-UTI Reports Drilling Activity for June 2012
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of June 2012, the Company had an average of 222 drilling rigs operating, including 221 rigs in the United States and 1 rig in Canada. For the three months ended June 30, 2012, the Company had an average of 224 drilling rigs operating, including 224 rigs in the United States 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 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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