Patterson-UTI Reports Drilling Activity For June 2013 07/02 05:00 AM
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Patterson-UTI Reports Drilling Activity for June 2013
PR Newswire
their rig count continues to drift lower it seems---
HOUSTON, July 2, 2013
HOUSTON, July 2, 2013 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (PTEN:$20.17,00$0.815,04.21%) today reported that for the month of June 2013, the Company had an average of 179 drilling rigs operating in the United States and 2 rigs in Canada. For the three months ended June 30, 2013, the Company had an average of 183 drilling rigs operating in the United States and 2 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.