Oilfield services firm Patterson-UTI has emerged from the pandemic with its business growing, its balance sheet thriving and its innovation driving the industry. Its six-month average operating rig count of131 matches pre-COVID activity, and its share price has bounced more than 20 during the same period, remaining table during the first quarter at 2019 values. In an exclusive interview with Oil and Cas Investor editor-in-chief Deon Dougherty, Patterson's president and CEO Andy Hendricks discussed the company's strategy in the Permian Basin and throughout the nation, where Patterson is deploying state-of-the-art rigs capable of producing greater volumes faster and more efficiently.
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