Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported that an average of 104 of its drilling rigs were operating in the United States during October 2026. The company issued the update on November 6, 2026.
Patterson-UTI said its monthly operating-rig figure reflects the average number of company rigs earning revenue under drilling contracts in the United States during the period.
The company cautioned that the rig count is only one factor affecting operating results. It also said that movements in the number of operating rigs may or may not correspond with changes in financial performance.
Patterson-UTI provides drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries.
Its activities include contract drilling, integrated well completion and directional drilling services in the United States. The company also provides specialised drill bit solutions in the United States, the Middle East and many other regions.
Patterson-UTI said it intends to continue issuing updates on its operating-rig count shortly after the end of each month.
The company stated that its forward-looking statements are subject to numerous risks and uncertainties, including factors beyond its control, that could cause actual results to differ materially from those expressed or implied. It referred readers to the risk factors, management discussion and analysis, and other disclosures in its filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
PATTERSON-UTI ENERGY, INC. reported that it had an average of 104 drilling rigs operating in the United States during October 2026.
The update covers the month of October 2026 and was announced on November 6, 2026.
PATTERSON-UTI ENERGY, INC. says this figure represents the average number of its drilling rigs that were earning revenue under a drilling contract in the United States.
PATTERSON-UTI ENERGY, INC. cautioned that numerous factors in addition to average drilling rigs operating can affect its operating results. It also said that a particular trend in the number of drilling rigs operating may or may not indicate, or be indicative of, a trend in its financial performance.
PATTERSON-UTI ENERGY, INC. is identified in the announcement as trading on NASDAQ under the ticker symbol PTEN.
PATTERSON-UTI ENERGY, INC. describes itself as a provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries. Its services include contract drilling, integrated well completion and directional drilling in the United States, as well as specialised drill bit solutions in the United States, the Middle East and many other regions.
PATTERSON-UTI ENERGY, INC. intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
PATTERSON-UTI ENERGY, INC. says its forward-looking statements are subject to numerous risks and uncertainties, many beyond its control, that could cause actual results to differ materially from those expressed or implied. The company refers investors to the risk factors, management discussion and analysis and other disclosures in its SEC filings, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.