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Patterson-UTI Energy, Inc. (PTEN) Releases June 2010 Rig Report

|Includes: Patterson-UTI Energy, Inc. (PTEN)

Patterson-UTI Energy, Inc. released the company’s rig performance and utilization report for the month of June 2010. The report is issued monthly and covers the company’s land rig fleet used for oil and gas drilling in Canada and the United States.

Patterson-UTI Energy, Inc. said that during June 2010, the company operated an average of 160 rigs in the United States and 3 rigs in Canada. During the second quarter, Patterson-UTI Energy, Inc. operated an average of 154 rigs in the United States and 2 rigs in Canada.

The June 2010 rig performance and utilization report was up slightly from May 2010, when the company had an average of 155 rigs operating in the United States and no rigs operating in Canada.

Patterson-UTI Energy, Inc. is a contract land drilling company that owns and operates approximately 350 rigs in North America. The company’s fleet operates mostly in the Rocky Mountain, Mid Continent and Gulf Coast areas. Patterson-UTI Energy, Inc. also owns Universal Well Services, a subsidiary that provides cementing, hydraulic fracturing, and acidizing services with a focus on the Appalachian Basin area.

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