Patterson-UTI trims capex by 40%

Company to close facilities, expects 'meaningful' declines in rig counts for April

Patterson-UTI: averaged 121 rigs in February 2020 — Patterson-UTI: averaged 121 rigs in February 2020Photo: ORJAN ELLINGVAG

Julia Martinez

Houston

Patterson-UTI Rigs US Americas North America

Published 2 April 2020, 16:02Updated 2 April 2020, 16:19