$PTEN (Patterson-UTI Energy Inc.)

$PTEN {{ '2016-03-03T11:24:48+0000' | timeago}} • Announcement

Contract drilling and pressure pumping services provider $PTEN said in Feb. 2016, it had an average of 70 drilling rigs operating in the US and 4 rigs in Canada. For the 2 months ended Feb. 29, 2016, company had an average of 74 drilling rigs operating in the US and 4 rigs in Canada.

$PTEN {{ '2017-06-05T12:34:38+0000' | timeago}} • Announcement

$PTEN said it had an average 159 drilling rigs operating in the U.S. and one rig in Canada for the month of May 2017. For the 2 months ended May 31, 2017 the company had an average 138 drilling rigs operating in the U.S. and two rigs in Canada.

$PTEN {{ '2017-05-11T12:12:11+0000' | timeago}} • Announcement

$PTEN said John Vollmer III, EVP, Corporate Development, CFO and Treasurer, has notified the company of his decision to retire after nearly 20 years of distinguished service. His retirement will become effective after a transition period following the employment of his successor, which the company expects to occur before the end of the year.

$PTEN {{ '2017-04-20T20:32:04+0000' | timeago}} • Announcement

$PTEN closed its merger with Seventy Seven Energy. $PTEN repaid all of the outstanding debt of Seventy Seven Energy totaling $472MM. $PTEN entered into an agreement with its lenders by which the available commitment under its revolving credit facility was increased to $632MM through September 2017, and to $490MM through March 2019.

$PTEN {{ '2017-04-20T20:31:11+0000' | timeago}} • Announcement

$PTEN closed its merger with Seventy Seven Energy. Stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued $PTEN common stock in exchange for each share of Seventy Seven Energy.  $PTEN issued about 47.5MM shares pursuant to the merger.

$PTEN {{ '2017-04-11T13:01:32+0000' | timeago}} • Announcement

Seventy Seven Energy (SSE) and $PTEN said SSE extends deadline for warrant exercises. SSE and $PTEN does not believe that the extension of this deadline will impact the consummation of the merger, which is expected to occur on April 20, 2017.

$PTEN {{ '2017-04-11T13:00:34+0000' | timeago}} • Announcement

Seventy Seven Energy Inc. (SSE) and $PTEN said that SSE was extending the deadline for holders of its outstanding warrants to exercise those warrants in advance of the consummation of the merger contemplated by Agreement and Plan of Merger dated as of Dec. 12, 2016, by and among SSE, $PTEN, and Pyramid Merger Sub.

$PTEN {{ '2017-04-05T12:43:19+0000' | timeago}} • Announcement

$PTEN has an average of 88 drilling rigs operating in the U.S. and two rigs in Canada for the month of March 2017. For 3 months ended March 31, 2017, $PTEN had an average of 81 drilling rig operating in the U.S. and two rigs in Canada.

$PTEN {{ '2017-03-22T21:11:30+0000' | timeago}} • Announcement

$PTEN said it will hold a special stockholders meeting in connection with the proposed merger with Seventy Seven Energy Inc. (SSE) on April 20, 2017. The stockholders of record on Feb. 22, 2017 will be entitled to receive notice of the special meeting and to vote at the meeting.

$PTEN {{ '2017-03-06T12:42:20+0000' | timeago}} • Announcement

In February 2017, $PTEN had an average of 80 drilling rigs operating in the US and two rigs in Canada. For the two months ended February 28, 2017, $PTEN had an average of 78 drilling rigs operating in the US and two in Canada.

$PTEN {{ '2017-01-25T12:28:40+0000' | timeago}} • Announcement

$PTEN commenced an underwritten public offering of 14.8MM common shares. The company expects to grant the underwriters an option to purchase up to an additional 2.22MM common shares. $PTEN plans to use proceeds to fund the repayment of the outstanding debt of Seventy Seven Energy at closing of its merger with Seventy Seven Energy.

$PTEN {{ '2017-01-24T11:50:13+0000' | timeago}} • Announcement

$PTEN expects revenues of approximately $247MM, adjusted EBITDA of approximately $44MM and a net loss of approximately $78.1MM or $0.53 per share for 4Q16.

$PTEN {{ '2016-12-13T13:09:38+0000' | timeago}} • Announcement

$PTEN to acquire Seventy Seven Energy in an all stock deal of approx. $1.76Bil. The transaction which is subject to customary regulatory approvals, is expected to close late in 1Q17. $PTEN said it expects to achieve synergies in excess of $50MM and believes the merger will be accretive to cash flow per share.

$PTEN {{ '2016-12-13T13:02:37+0000' | timeago}} • Announcement

$PTEN and an Oklahoma-based company Seventy Seven Energy Inc. said the two together have entered into a definitive merger agreement. Under the terms of transaction, $PTEN will acquire all of the issued and outstanding shares of common stock of Seventy Seven Energy, in exchange for approx. 49.6MM shares of common stock of $PTEN.

$PTEN {{ '2016-09-14T12:11:17+0000' | timeago}} • Announcement

$PTEN has agreed to acquire Calgary-based Warrior Rig Ltd. and certain related entities. Warrior designs, manufactures and services high-spec rig components with a recent focus on top drive technology for improved drilling performance. The pending transaction is subject to customary closing conditions, and is expected to close promptly.

$PTEN {{ '2016-09-06T11:44:34+0000' | timeago}} • Announcement

$PTEN said it had an average of 60 drilling rigs operating in the United States and two rigs in Canada for the month of August 2016. For the two months ended Aug. 31, 2016, the company had an average of 58 drilling rigs operating in the United States and two rigs in Canada.

$PTEN {{ '2016-07-05T12:01:18+0000' | timeago}} • Announcement

$PTEN said it has an average of 54 drilling rigs operating in the United States, and one rig in Canada for the month of June 2016. For 3 months ended June 30, 2016, $PTEN had an average of 55 drilling rigs operating in the United States and less than one rig in Canada.

$PTEN {{ '2016-06-03T11:36:36+0000' | timeago}} • Announcement

$PTEN said for May 2016 it had an average of 53 drilling rigs operating in the US, and less than one rig in Canada. For the two months ended May 31, 2016, the company had an average of 55 drilling rigs operating in the US and less than one rig in Canada.

$PTEN {{ '2016-05-04T12:57:33+0000' | timeago}} • Announcement

$PTEN said it had an average of 56 drilling rigs operating in the United States for the month of April 2016, and no operating rigs in Canada due to the industry downturn and spring breakup. The company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

$PTEN {{ '2016-04-05T11:43:45+0000' | timeago}} • Announcement

$PTEN said 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 plans to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

$PTEN {{ '2016-04-05T11:42:57+0000' | timeago}} • Announcement

$PTEN said it had an average of 64 drilling rigs operating in the United States and less than one rig in Canada for the month of March 2016. For 3 months ended March 31, 2016, $PTEN had an average of 71 drilling rigs operating in the United States and 3 rigs in Canada.

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