Patterson reports increase of drilling rigs in United States

Image
Body

Patterson-UTI Energy, Inc., reported an increase in average drilling rigs operating in the U.S. for the second straight month.
In December, the Houston-based company reported an average of 71 drilling rigs operating in the U.S. and two in Canada. In November, the company had 65 rigs operating on average in the U.S. and two in Canada.
In December 2015, Patterson had an average of 82 rigs operating in the U.S. and one in Canada.
Over the final three months of 2016, Patterson averaged 66 rigs operating in the U.S. and two in Canada. In 2015, the company averaged 88 rigs operating in the U.S. and three in Canada.
Average drilling rigs operating represent the average number rigs that were operating under a contract.