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Patterson-UTI Energy, Inc.

Patterson-UTI Reports Drilling Activity for October 2008

Published in Healthcare Finance, Tax and Law Weekly, November 19th, 2008

PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) reported that for the month of October 2008, the Company had an average of 283 drilling rigs operating, including 270 rigs in the U.S. and 13 rigs in Canada.

Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were moving or operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial...

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