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Land Based Drilling Rigs
Counts and describes the company’s land drilling fleet and its activity level, revealing capacity to win work, sensitivity to oil-and-gas demand swings, and potential revenue and maintenance cost pressures.Fleet has been static at 152 rigs, signaling management is prioritizing utilization and fleet high‑grading rather than growing capacity. With operating rigs at ~92 (about 60% utilization) and guidance to exit Q2 near 92–95, upside is through utilization/pricing and technology-led upgrades, not new builds. That discipline supports margins and ESG goals but limits rapid revenue upside if demand spikes, since management won’t cheaply re‑activate older diesel fleets.
Date | Land Based Drilling Rigs |
|---|---|
Jun 30, 2026 | 148.00 |
Mar 31, 2026 | 152.00 |
Dec 31, 2025 | 152.00 |
Sep 30, 2025 | 152.00 |
Jun 30, 2025 | 152.00 |
Mar 31, 2025 | 152.00 |
Dec 31, 2024 | 152.00 |
Sep 30, 2024 | 152.00 |