U.S. safety board urges new rules after fatal Oklahoma well blast [Reuters]
Patterson-UTI Energy, Inc. (PTEN)
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Source: Reuters
U.S. safety board urges new rules after fatal Oklahoma well blast - Reuters 2 Min Read HOUSTON (Reuters) - An investigation into an explosion at an Oklahoma natural gas drilling rig that killed five workers last year faulted inadequate training and equipment and called for new regulations, the U.S. safety regulator said on Wednesday. The Pryor Trust gas well in Pittsburgh County, Oklahoma was operated by Red Mountain Energy LLC and workers employed by Houston-based drilling contractor Patterson-UTI Energy Inc. “The lack of effective safety management at this well resulted in a needless catastrophe,” said Kristen Kulinowski, interim executive of the Chemical Safety Board. The accident was the deadliest oil and gas drilling incident since the 2010 Deepwater Horizon explosion that killed 11. Workers were not properly trained to monitor for natural gas leaks and had turned off an alarm that could have warned them, the CSB said. Equipment designed to shut gas or oil flow during an emergenc
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News
- Those who invested in Patterson-UTI Energy (NASDAQ:PTEN) three years ago are up 78% [Yahoo! Finance]Yahoo! Finance
- Earnings Preview: Patterson-UTI (PTEN) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its price target lowered by analysts at Bank of America Co. from $14.50 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- Patterson-UTI Energy Announces First Quarter Earnings Conference Call and WebcastAccesswire
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $16.00 price target on the stock.MarketBeat
PTEN
Earnings
- 2/14/24 - Beat
PTEN
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- PTEN's page on the SEC website