HOUSTON, Nov. 19, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN)announced today that its subsidiary, Patterson-UTI Drilling Company LLC, has been designated a 2015 Top 100 Military Friendly Employer® by Victory Media, publisher of G.I. Jobs Magazine and Military Spouse Magazine. This is the third consecutive year that the Company has been recognized with this designation, which is awarded annually from a group of over 5,000 companies based on the strength of company military recruiting efforts, the percentage of new hires with prior military service, retention programs, and company policies on National Guard and Reserve service.
Mike Holcomb, President of Patterson-UTI Drilling Company LLC, stated, "We are honored that so many veterans have chosen to join our Company. America's veterans have many transferable skills that were gained during their time in service to our country, and military veterans have become central to our personnel recruiting strategy. We take great pride in helping these individuals transition from military to civilian employment by hiring and training them for well-paying jobs in the oil and gas industry. In addition to actively recruiting and hiring employees with military experience, Patterson-UTI Drilling Company LLC is a member of the Employer Support of the Guard and the Reserves. This affiliation demonstrates our proud commitment to Guard and Reserve Service Members in local communities throughout the United States."
Patterson-UTI Energy, Inc. subsidiaries provide onshore contract drilling and pressure pumping services to exploration and production companies in North America. Patterson-UTI Drilling Company LLC and its subsidiaries operate land-based drilling rigs in oil and natural gas producing regions of the continental United States, Alaska, and western and northern Canada. Universal Pressure Pumping, Inc. and Universal Well Services, Inc. provide pressure pumping services primarily in Texas and the Appalachian region.
Location information about the Company's drilling rigs and their individual inventories is available through the Company's website at www.patenergy.com.
Statements made in this press release which state the Company's or management's intentions, beliefs, expectations or predictions for the future are forward-looking statements. It is important to note that actual results could differ materially from those discussed in such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, volatility in customer spending and in oil and natural gas prices, which could adversely affect demand for our services and their associated effect on rates, utilization, margins and planned capital expenditures; global economic conditions; excess availability of land drilling rigs and pressure pumping equipment, including as a result of reactivation or construction; equipment specialization and new technologies; adverse industry conditions; adverse credit and equity market conditions; difficulty in building and deploying new equipment; difficulty in integrating acquisitions; shortages, delays in delivery and interruptions of supply of equipment, supplies and materials; weather; loss of key customers; liabilities from operations; ability to effectively identify and enter new markets; governmental regulation; ability to realize backlog; and ability to retain management and field personnel. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings, which may be obtained by contacting the Company or the SEC. These filings are also available through the Company's web site at http://www.patenergy.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement.
SOURCE PATTERSON-UTI ENERGY, INC.