(Source: Shutterstock.com)
Patterson-UTI reported an average of 107 drilling rigs operating in the U.S. for the month of August.
The report, released Sept. 9, also said that during the two-month period that ended Aug. 31, Patterson-UTI had an average of 108 drilling rigs operating in the U.S.
The drilling rigs reported operating in Patterson-UTI’s monthly announcement represent the average number of drilling rigs that were earning revenue under a drilling contract in the U.S.
Recommended Reading
The New Minerals Frontier Expands Beyond Oil, Gas
2025-04-09 - How to navigate the minerals sector in the era of competition, alternative investments and the AI-powered boom.
Ring Energy Slashes 2Q Capex by 50% After Oil Price Collapse
2025-04-25 - Permian E&P Ring Energy is cutting spending and prioritizing debt reduction with oil prices hanging around $65/bbl.
More Players, More Dry Powder—So Where are the Deals?
2025-03-24 - Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.
RWE Slashes Investment Upon Uncertainties in US Market
2025-03-20 - RWE introduced stricter investment criteria in the U.S. and cut planned investments by about 25% through 2030, citing regulatory uncertainties and supply chain constraints as some of the reason for the pullback.
Expand Energy Joins EQT in Triple-Investment-Grade Credit-Rating Club
2025-04-16 - The trifecta of endorsements assures Expand Energy, the largest gas producer in the U.S., a seat alongside EQT Corp. at the LNG and AI data center gas-supply negotiating tables.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.