889900--2/19/2010--PATTERSON_UTI_ENERGY_INC

related topics

{gas, price, oil}

{cost, operation, labor}

{competitive, industry, competition}

We are Dependent on the Oil and Natural Gas Industry and Market Prices for Oil and Natural Gas. Declines in Oil and Natural Gas Prices Have Adversely Affected Our Operating Results. A General Excess of Operable Land Drilling Rigs and Increasing Rig Specialization May Adversely Affect Our Utilization and Profit Margins. Shortages of Drill Pipe, Replacement Parts and Other Related Rig Equipment Adversely Affects Our Operating Results. The Oil Service Business Segments in Which We Operate Are Highly Competitive with Excess Capacity, which Adversely Affects Our Operating Results. Labor Shortages and Rising Labor Costs Adversely Affect Our Operating Results. Growth Through the Building of New Rigs and Rig Acquisitions are Not Assured.

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