HOUSTON, TX / ACCESSWIRE / August 30, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) at present introduced that the Firm will take part within the Barclays CEO Vitality-Energy Convention on Tuesday, September 6, 2022, and Wednesday, September 7, 2022. Taking part within the convention from Patterson-UTI can be Andy Hendricks, Chief Govt Officer; Andy Smith, Chief Monetary Officer; Mike Holcomb, President, Patterson-UTI Drilling; Akshay Sagar, President, Common Stress Pumping; Keith Chometsky, President, MS Directional; and Mike Drickamer, Vice President Investor Relations.
Whereas on the convention, Andy Hendricks will take part in a fireplace chat on Wednesday, September 7, 2022 at 9:45 a.m. Jap time. To entry the webcast of this fireplace chat, go to the investor relations part of the Firm’s webcast at investor.patenergy.com previous to the scheduled begin time.
About Patterson-UTI
Patterson-UTI is a number one supplier of oilfield companies and merchandise to grease and pure fuel exploration and manufacturing firms in the USA and different choose international locations, together with contract drilling, stress pumping and directional drilling companies. For extra data, go to www.patenergy.com.
Cautionary Assertion Concerning Ahead-Wanting Statements
This press launch accommodates forward-looking statements that are protected as forward-looking statements beneath the Personal Securities Litigation Reform Act of 1995 that aren’t restricted to historic information, however mirror Patterson-UTI’s present beliefs, expectations or intentions relating to future occasions. Phrases comparable to “anticipate,” “consider,” “budgeted,” “proceed,” “might,” “estimate,” “count on,” “intend,” “might,” “plan,” “predict,” “potential,” “undertaking,” “pursue,” “ought to,” “technique,” “goal,” or “will,” and comparable expressions are meant to establish such forward-looking statements. The statements on this press launch that aren’t historic statements, together with statements relating to Patterson-UTI’s future expectations, beliefs, plans, aims, monetary situations, assumptions or future occasions or efficiency that aren’t historic information, are forward-looking statements inside the which means of the federal securities legal guidelines. These statements are topic to quite a few dangers and uncertainties, lots of that are past Patterson-UTI’s management, which might trigger precise outcomes to vary materially from the outcomes expressed or implied by the statements. These dangers and uncertainties embrace, however usually are not restricted to: hostile oil and pure fuel business situations, together with because of financial repercussions from the COVID-19 pandemic; international financial situations; volatility in buyer spending and in oil and pure fuel costs that might adversely have an effect on demand for Patterson-UTI’s companies and their related impact on charges; extra availability of land drilling rigs, stress pumping and directional drilling gear, together with because of reactivation, enchancment or building; competitors and demand for Patterson-UTI’s companies; the affect of the continued battle in Ukraine; power and monetary sources of opponents; utilization, margins and deliberate capital expenditures; liabilities from operational dangers for which Patterson-UTI doesn’t have and obtain full indemnification or insurance coverage; working hazards attendant to the oil and pure fuel enterprise; failure by prospects to pay or fulfill their contractual obligations (notably with respect to fixed-term contracts); the flexibility to comprehend backlog; specialization of strategies, gear and companies and new applied sciences, together with the flexibility to develop and procure passable returns from new expertise; the flexibility to retain administration and subject personnel; lack of key prospects; shortages, delays in supply, and interruptions in provide, of kit and supplies; cybersecurity occasions; synergies, prices and monetary and working impacts of acquisitions; the final word timing, consequence and outcomes of integrating the operations of Pioneer Vitality Companies into Patterson-UTI; the results of the acquisition on Patterson-UTI, together with Patterson-UTI’s future monetary situation, outcomes of operations, technique and plans; potential hostile reactions or adjustments to enterprise relationships ensuing from the acquisition; the failure to comprehend anticipated synergies and different advantages from the acquisition; issue in constructing and deploying new gear; governmental regulation; local weather laws, regulation and different associated dangers; environmental, social and governance practices, together with the notion thereof; environmental dangers and talent to fulfill future environmental prices; technology-related disputes; authorized proceedings and actions by governmental or different regulatory businesses; the flexibility to successfully establish and enter new markets; climate; working prices; enlargement and growth traits of the oil and pure fuel business; capability to acquire insurance coverage protection on commercially affordable phrases; monetary flexibility; rate of interest volatility; hostile credit score and fairness market situations; availability of capital and the flexibility to repay indebtedness when due; inventory value volatility; and compliance with covenants beneath Patterson-UTI’s debt agreements.
Extra data regarding components that might trigger precise outcomes to vary materially from these within the forward-looking statements is contained every so often in Patterson-UTI’s SEC filings. Patterson-UTI’s filings could also be obtained by contacting Patterson-UTI or the SEC or via Patterson-UTI’s web site at http://www.patenergy.com or via the SEC’s Digital Knowledge Gathering and Evaluation Retrieval System (EDGAR) at http://www.sec.gov. Patterson-UTI undertakes no obligation to publicly replace or revise any forward-looking assertion.
CONTACT:
Mike Drickamer
Vice President, Investor Relations
(281) 765-7170
SOURCE: Patterson-UTI Vitality, Inc.
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