U.S. onshore drilling expert Patterson-UTI Energy Inc. is upgrading its land rigs at a fast clip and reactivating fracture spreads to keep up with customer demand, the CEO said Thursday.
Uti
Articles from Uti
Patterson-UTI Stacks Half of Horsepower — 1 Million HP — as Producers Shun Onshore Drilling
Onshore drilling contractor Patterson-UTI Energy Inc. has to date stacked more than half of its pressure pumping horsepower, an estimated 1 million hp, and expects the fracturing unit to see a 20% further decline in activity during the second quarter, management said Thursday.
April 28, 2016
Patterson-UTI Stacks Half of Horsepower — 1 Million HP — as Producers Shun Onshore Drilling
Onshore drilling contractor Patterson-UTI Energy Inc. has to date stacked more than half of its pressure pumping horsepower, an estimated 1 million hp, and expects the fracturing unit to see a 20% further decline in activity during the second quarter, management said Thursday.
April 28, 2016