Patterson-UTI reports 205 rigs drilling in North America
HOUSTON -- Patterson-UTI Energy reported that for the month of December 2012, the company had an average of 205 drilling rigs operating, including 197 rigs in the United States and 8 rigs in Canada. For the three months ended December 31, 2012, the company had an average of 205 drilling rigs operating, including 198 rigs in the United States and 7 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.