Patterson-UTI Energy Signs Multi-Year Rig Lease Agreement with Archer for Argentina

Reuters01-15

<a href="https://laohu8.com/S/PTEN">Patterson-UTI Energy</a> Signs Multi-Year Rig Lease Agreement with Archer for Argentina

Patterson-UTI Energy Inc. announced a multi-year agreement to lease two high-spec APEX 1500® drilling rigs to DLS Archer Ltd. S.A, 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. announced in December 2025. The rigs will be supplied from Patterson-UTI’s existing U.S. fleet, with Archer responsible for all preparation, upgrade, and mobilization costs. Operations are expected to begin by mid-2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Patterson-UTI Energy Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1127455) on January 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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