is pleased to announce that it has entered into a drilling equipment purchase agreement (the "Agreement") with a private company (the "Purchaser") providing for the sale (the "Transaction") of ...

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pressure pumping and directional drilling equipment, including as a result of reactivation, improvement or construction; competition and demand for Patterson-UTI's services; the impact of the ...

PJBumi Bhd's wholly-owned subsidiary, PJBumi Heavy Engineering & Services Sdn Bhd (PJbumihes), has entered into a master ...

HOUSTON, TX / ACCESS Newswire / May 5, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of April 2025, the Company had an average of 108 drilling rigs operating in the ...

The same force is used when drilling for oil that could result in stuck pipes and increased wear and tear of equipment. Drag refers to the resistance that happens when moving the drill string up o ...

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2.3% in Friday's trading after a narrow miss on Q1 adjusted earnings estimates and a warning that a slowing economy and tariff policies could hurt demand for the company's oil drilling equipment.