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
Apollo to Buy $1B Stake in BP’s Trans Adriatic Pipeline
2024-09-16 - Apollo will purchase the non-controlling interest from BP subsidiary BP Pipelines TAP Ltd. for $1 billion as the oil major continues to make progress on a divestment target of up to $3 billion.
Nabors Industries to Buy Parker Wellbore for $370MM
2024-10-15 - Nabors Industries Ltd. will buy Parker Wellbore for 4.8 million shares of Nabors common stock and assume an additional $100 million in debt as OFS companies continue to consolidate following a massive wave of E&P M&A since 2023.
Chevron Sells Canadian Oil Sands, Duvernay Shale Assets for $6.5B
2024-10-07 - Chevron said the divestitures are part of its plans to sell $10 billion to $15 billion worth of assets by 2028 following the company’s acquisition of Hess Corp. for $53 billion.
Drilling Tools International to Buy UK’s Titan Tools Services
2024-10-31 - Drilling Tools International said the acquisition of U.K.-based Titan will enhance its market presence in the North Sea, Europe and Africa.
Diamondback Closes $26B Endeavor Deal, Forming Last Permian ‘Sandbox’
2024-09-13 - Diamondback Energy’s merger with Endeavor Energy Resources forms a company with pro forma production of 468,000 bbl/d (816,000 boe/d) on total Permian acreage of about 838,000 net acres.
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.