Patterson-UTI Signs Multi-Year Agreement to Lease Two Rigs to Archer for Argentina's Vaca Muerta Field [Yahoo! Finance]
YPF Sociedad Anonima (YPF)
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Source: Yahoo! Finance
a multi-year agreement to lease two high-spec APEX 1500 ® drilling rigs to DLS Archer Ltd. S.A ("Archer"), a division of Archer Ltd. The rigs will support Archer's operations in Argentina's Vaca Muerta formation as part of its seven-rig contract with YPF S.A. ("YPF") that was announced in December 2025. The rigs will be provided from Patterson-UTI's existing U.S. fleet, and Archer will be responsible for all preparation, upgrade and mobilization costs. The rigs are expected to commence operations by mid-2026. "We are excited to expand our international presence and support Archer and YPF by providing the APEX 1500 rigs for drilling in Argentina's Vaca Muerta basin," said Mike Holcomb, Patterson-UTI's Chief Operating Officer. "Our existing fleet of high-quality assets is well-suited to meet the region's growing demand for unconventional drilling, and this agreement marks a significant step in our disciplined approach to expanding our international footprint. The expansion complements
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YPF
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- 11/10/25 - Miss
YPF
Sec Filings
- 1/16/26 - Form 6-K
- 1/9/26 - Form 6-K
- 12/29/25 - Form 6-K
- YPF's page on the SEC website