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Patterson-UTI Energy Q1 2025: Steady Rigs, Tech-Driven Efficiency, and a Natural Gas-Powered Future

Oil Gas Leads

Patterson-UTI Energy (NASDAQ: PTEN) kicked off 2025 with a steady operational performance, a strategic focus on natural gas, and an unwavering commitment to drilling innovation. Patterson-UTI also reported 9,573 operating rig days in Q1, with an average revenue per operating day of $35,720 and adjusted gross profit of $16,170 per day.

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Permian Basin Top Rigs by Wells Drilled Since 2024

Oil Gas Leads

Ensign T138: Operational Highlights Drilling Activity : In 2024, Ensign T138 drilled 25 wells for Diamondback Energy, primarily in Martin County, Texas. The rig’s peak activity was in Q3, with 9 wells drilled during that quarter. The post Permian Basin Top Rigs by Wells Drilled Since 2024 appeared first on Oil Gas Leads.

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