Patterson-UTI Reports Drilling Activity for August 2010

Monday, Sep 06, 2010

PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2010, the Company had an average of 180 drilling rigs operating, including 171 rigs in the United States and 9 rigs in Canada. For the two months ended August 2010, the Company had an average of 176 drilling rigs operating, including 168 rigs in the United States and 8 rigs in Canada.

Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that 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. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

Source: PR Newswire