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Patterson-UTI: Time to Cash OutWilliam Trent • Mon, Apr 21, 2008 -
Patterson-UTI Energy: Well Prepared for Lean Days AheadCabeza Howe • Thu, Apr 26, 2007
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Earnings Preview: Nabors IndustriesVytautas Drumelis • Mon, Jul 23, 2012 -
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Tuesday Options RecapFrederic Ruffy • Tue, Jun 26, 2012 -
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Patterson-UTI Energy, Inc. Q1 2009 Earnings Call TranscriptThu, Apr 30, 2009
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Patterson-UTI Energy Inc. Q4 2008 Earnings Call TranscriptThu, Feb 12, 2009
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Patterson-UTI Energy, Inc. Q3 2008 Earnings Conference CallThu, Oct 30, 2008
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Patterson-UTI Energy, Inc. Q2 2008 Earnings Call TranscriptThu, Jul 31, 2008
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Patterson-UTI Energy, Inc. Q1 Earnings Call TranscriptThu, May 1, 2008
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Patterson-UTI Energy Inc. Q4 2007 Earnings Call TranscriptThu, Feb 14, 2008
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Patterson-UTI Energy Q3 2007 Earnings Call TranscriptThu, Nov 1, 2007
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Patterson UTI Energy Q2 2007 Earnings Call TranscriptThu, Aug 2, 2007
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PTEN vs. ETF Alternatives
Company Description
Patterson-UTI Energy owns and operates one of the largest fleets of land-based drilling rigs in the United States. The Company was formed in 1978 and reincorporated in 1993 as a Delaware corporation. Our contract drilling business operates primarily in Texas, New Mexico, Oklahoma, Arkansas,... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, April 11, 2012, 3:31 PM Canadian lenders are doing their part to slow the glut of natural gas by pulling in loans to producers. "Anybody that's at 50% gas-weighted is in some jeopardy here," says an analyst. Compton Petroleum (CMZPF.PK) plummeted 40% this week after its lenders reduced a facility by $30M to $110M. Comment! [Energy]
- Wednesday, April 11, 2012, 2:44 PM Natural gas futures drop below $2 for the first time since Jan. 2002, as weak demand and robust production have sent prices sliding 33% YTD. While the number of working U.S. gas rigs has fallen 27% Y/Y, gas output remains high because most wells produce a mix of oil and gas regardless of classification; high oil prices thus often effectively subsidize the cost of continued gas production. 7 Comments [Commodities]
- Thursday, April 5, 2012, 10:37 AM It's another stomach-churning dive in natural gas prices as EIA data shows a larger than expected inventory build (42 bcf vs. 34 bcf). May futures -2% to $2.095. UNG -1.4%. A natural gas producer ETF, however, is in the green, FCG +0.4%. Comment! [Commodities, Energy, On the Move]
- Wednesday, April 4, 2012, 12:49 PM "The worst part has got to be over," says Wilbur Ross of natural gas, conceding his purchase of Exco (XCO) was a bit early. "(It) doesn't give cancer... very cheap per Btu... and is less pollutive than oil or coal." Not only will it become a bigger portion of domestic energy supply, but the export possibilities are outstanding. 5 Comments [Energy, Commodities]
- Tuesday, April 3, 2012, 10:05 AM A deceleration in the growth of natural gas supply over coming years may be in the cards, posits Robert Sinn, noting the price has now fallen below the all-in production cost for Ultra Petroleum (UPL), one of the industry's lowest-cost operators. Combined with the potential for increased demand, "it's possible to see some light at the end of today's dark tunnel." 4 Comments [Energy, Quick Ideas]
- Thursday, March 29, 2012, 8:58 AM With warm weather about to allow for even higher natural gas inventories, the country's 4T cubic foot storage capacity could get hit by mid-August, literally causing the price to go negative as operators like Kinder Morgan (KMI) turn away product. Low prices are at work increasing gas usage, but it may not come in time to prevent red prices this summer. 13 Comments [Energy]
- Wednesday, March 21, 2012, 8:36 AM "The idea that inflation is gone forever ... (and) these artificially low rates can last, is silly," says Wilbur Ross, calling long-term Treasurys the greatest bubble. Turning to natural gas, where his big investment in XCO is sucking wind, he says he's buying more. "We like very much to invest in companies during time-limited problems." Comment! [U.S. Economy, Quick Ideas, Energy, Commodities]
- Monday, March 12, 2012, 3:05 PM "Forget about $5 natural gas. When can we get back to $3," asks Raymond James after hosting a conference in which the consensus sees only weak prices for the next 12 to 24 months. Prices are off again today, touching a multi-year low as forecasts for unseasonably warm temperatures continue. UNG -2.1%. 1 Comment [Commodities, Energy, On the Move]
- Monday, February 13, 2012, 2:51 PM Goldman Sachs cut its view on some onshore North America-focused oilfield-services companies earlier today, downgrading Helmerich & Payne (HP -0.3%), Patterson-UTI (PTEN -1%) and Baker Hughes (BHI +0.3%) all to Neutral. The firm cites a slump in natural-gas prices that weighs heavily on oil-related drillers in the US. Comment! [Energy]
- Thursday, February 2, 2012, 6:44 AM Patterson-UTI Energy (PTEN): Q4 EPS of $0.56 misses by $0.07. Revenue of $725M (+43.2% Y/Y) misses by $2M. (PR) Comment! [Earnings, Energy]
- Thursday, February 2, 2012, 12:05 AM Notable earnings before Thursday's open: ACM, ADS, AGN, ALKS, AZN, BCO, BSX, BX, CAH, CAM, CI, CMI, CME, DB, DO, DOW, GR, HOT, IP, K, LEA, MA, MD, MDC, MRK, MSCI, NOV, NUS, NYT, PHM, PTEN, RCL, RDEN, RGLD, ROP, SBH, SE, SLE, SNE, SXC, TE, TEN, VIAB, WBC, WEC, XEL Comment! [Earnings]
- Wednesday, February 1, 2012, 5:30 PM Notable earnings before Thursday's open: AGN, ALKS, AZN, BSX, BX, CAH,CAM, CI, CMI, DB, DO, DOW, HOT, IP, K, LEA, MA, MDC, MRK, NOV, NYT, PHM, PTEN, RCL, SBH, SE, SLE, SNE, SXC, TE, TEN, VIAB, WEC, XEL Comment! [Earnings]
- Monday, January 23, 2012, 8:53 AM Natural gas producers are sharply higher premarket in the wake of Chesapeake's (CHK +5.4%) production cutback and a spike in prices. Quicksilver (KWK +4.9%), EXCO (XCO +4.3%), Range Resources (RRC +2.7%), Cabot (COG +2.9%). 5 Comments [Energy, On the Move]
- Tuesday, January 17, 2012, 10:46 AM The continuing decline in natural gas (off 6.9% today) and resultant fall in electricity prices is shelving alternative energy projects from NextEra (NEE), Exelon (EXC), and CMS, but Michael Morris of American Electric Power (AEP) warns about becoming too dependent on gas. "The way to make $4 gas, $8 gas is for everyone to go out and build ... natural-gas plants." 5 Comments [Commodities, On the Move]
- Thursday, January 12, 2012, 12:44 PM Natural gas continues to slide, off another 3% today amongst abundant supplies and a mild winter. With pipelines full, Goodrich Petroleum (GDP -6%) is just flaring gas off as it drills for oil. "Nearly all U.S. gas drilling is uneconomic," says Jon Wolff, expecting significant declines in production this year. "The market needs a rest," says CHK CEO Aubrey McClendon. Comment! [Commodities, Energy]
- Wednesday, January 11, 2012, 3:57 PM Relentlessly mild winter weather in the Northeast and the shale production boom combine to send natural gas tumbling 7.8% today to $2.77, its lowest price in a decade. Natural gas producers: RRC -6.3%, CHK -3.1%, EQT -5%. 9 Comments [Commodities, On the Move]
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Alex B. Gray
Key Energy Services $KEG announces the sale of its pressure pumping and wireline businesses to Patterson-UTI Energy $PTEN for $256.7M. - View all 0 replies
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Alex B. Gray
Patterson-UTI Energy $PTEN announced the issuance of $300M in Senior Notes to pay off $200M of revolving credit and for general purposes. - View all 0 replies
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