Rating Action Commentary
Fitch Affirms Patterson-UTI at 'BBB-'; Outlook Stable
PTEN's rating reflects its significant scale, with a leading share in the large U.S. market, diversification among pressure pumping, drilling and drill bit manufacturing segments, and conservative gross debt levels, resulting in moderate leverage though the cycle.
U.S. Oil, Gas Drilling Activity. Oil Production Slip
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday.
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday.
Energy – Oil edges higher amid lingering geopolitical risks
Both ICE Brent and NYMEX WTI continued the positive run this morning after making gains last week with geopolitical tensions from the Middle East remaining in focus.
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday.
U.S. Oil and Gas Drilling Activity Slows Amidst Price Plunge
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
Oil prices slumped on Friday, with Brent crude falling 1.57% in afternoon trading as the oil demand outlook out of China continues to weigh on market sentiment.
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
U.S. Gas Rig Count Jumps as Oil Rig Count Remains Unchanged
The total number of active drilling rigs for oil and gas in the United States rose this week, pressing pause on a declining rig pattern, according to new data that Baker Hughes published on Friday.
Oil prices closed higher for a third consecutive week and with fundamentals set to tighten over the third quarter we remain constructive towards the market.
In April, the awaited Liberty frac spread was being refurbished to make it remote-operations-ready. As of mid-June, it was expected to arrive in Australia later this summer.
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
Fitch Ratings: Credit metrics improve for oil field service companies
Robust market fundamentals have resulted in improved credit metrics for oilfield service issuers, including by reduced leverage, expanded EBITDA margins, and enhanced free cash flow (FCF) generation, according to a report from Fitch Ratings.
U.S. Oil, Gas Drilling Activity Sees Further Declines
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
US shale output growth will struggle to hit fresh records this decade unless it can unlock efficiency gains through fiscal management, adapt to growing policy and public pressure regarding the energy transition, and both make technological improvements and replace ageing equipment.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
The total number of active drilling rigs for oil and gas in the United States saw no change this week, according to new data that Baker Hughes published on Friday.