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Patterson's operating drilling rigs hold at 178 in 2 months to Aug. 31

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Patterson's operating drilling rigs hold at 178 in 2 months to Aug. 31

Oil and gas driller Patterson-UTI Energy Inc. said Sept. 6 that for the month of August and for the two months ended Aug. 31, the company had an average of 178 drilling rigs operating.

Average drilling rigs operating, reported in monthly announcements, represent the average number of Patterson's drilling rigs that were operating under a drilling contract, the company said.

Patterson said that numerous factors in addition to average drilling rigs operating can impact the company's operating results, and a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the company's financial performance.