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Patterson-UTI Energy (FRA:PE1) Construction In Progress : €18 Mil (As of Mar. 2025)


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What is Patterson-UTI Energy Construction In Progress?

Patterson-UTI Energy's quarterly construction in progress increased from Sep. 2024 (€10 Mil) to Dec. 2024 (€15 Mil) and increased from Dec. 2024 (€15 Mil) to Mar. 2025 (€18 Mil).

Patterson-UTI Energy's annual construction in progress increased from Dec. 2022 (€12 Mil) to Dec. 2023 (€26 Mil) but then declined from Dec. 2023 (€26 Mil) to Dec. 2024 (€15 Mil).


Patterson-UTI Energy Construction In Progress Historical Data

The historical data trend for Patterson-UTI Energy's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Patterson-UTI Energy Construction In Progress Chart

Patterson-UTI Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 0.75 12.32 25.96 14.99

Patterson-UTI Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.51 34.44 9.90 14.99 18.40

Patterson-UTI Energy Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.


Patterson-UTI Energy Business Description

Traded in Other Exchanges
Address
10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064
Patterson-UTI Energy Inc is one of the substantial land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. The company operates under three reportable business segments: (i) drilling services, (ii) completion services, and (iii) drilling products. It also provides directional drilling services and tool rental services in united states onshore oil and gas basins.

Patterson-UTI Energy Headlines

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