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Patterson-UTI Energy Inc. Message Board

  • jctuttle13 jctuttle13 Mar 25, 2013 7:02 PM Flag

    Just because profitability for fy13 is expected to be down only 25% to $1.48

    soon the market will be aying its not even worth $23/share.
    Its easily worth double that.If not triple that.Whats the big deal if profitability falls 25%?

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    • You two clowns need to #$%$! "Not worth $24, Not worth $23" You sound like a bunch of girls! First of all... PTEN DOES NOT FRACK! (so #$%$) , PTEN's DRILLING DOES NOT CAUSE EARTHQUACKS (so #$%$), and (3) PTEN's EARNINGS, PROFITS and YOY GROWTH are nothing to be of Concern, it takes money to make money, and they pay dividends...SO....#$%$! IF you're short, good for you-you'll cover one day, and if yer long you should sell and take profits one day. All yer BS Puke spilling is ridiculous, and should stop and act normal, and say what your trade is. Here I'll show you; I'm LONG, and have sold Calls/Puts (I collect a dividend and the call/put premiums, either way I make money, and if I buy more from the PUT Great! More dividends! and More Call Premiums I can collect. I'm Bullish, Bearish and Neutral! Clowns!

    • tudy Suggests Oklahoma Earthquakes Due to Oil Drilling Waste Disposal
      Back to News

      Friday, March 29, 2013

      Injection eell (photo: KQEDQuest)
      A seismologist from the University of Oklahoma says that contributing factors in the state’s recent problems with earthquakes are injection wells, which industry uses to extract oil and gas from depleted reservoirs or to store toxic waste fluid produced during drilling, such as hydraulic fracturing (a.k.a. fracking).

      Professor Katie Keranen’s findings are just the latest evidence suggesting that injection and disposal wells can cause increases in seismic activity, even in regions not usually impacted by earthquakes.

      The research focused on the 5.7 magnitude quake that hit near Prague, Oklahoma, on November 6, 2011, the largest ever recorded by modern instruments in the state and the largest triggered by injection wells to date, according to the research. The quake injured two people and destroyed 14 homes.

      On March 22, the Oklahoma Geological Survey issued a statement that the Prague earthquake was “the result of natural causes.”

      The year 2011 saw more than 1,400 earthquakes, the most ever recorded in Oklahoma.

      -Noel Brinkerhoff

      • 1 Reply to jinnaz02
      • Sand From Fracking Could Pose Lung Disease Risk To Workers
        March 29, 2013 2:11 PM
        Listen to the Story
        All Things Considered 4 min 44 sec
        Enlarge image
        A worker stands on top of a storage bin on July 27, 2011, at a drilling operation in Claysville, Pa. The dust is from powder mixed with water for hydraulic fracturing.

        Keith Srakocic/AP
        When workplace safety expert Eric Esswein got a chance to see fracking in action not too long ago, what he noticed was all the dust.

        It was coming off big machines used to haul around huge loads of sand. The sand is a critical part of the hydraulic fracturing method of oil and gas extraction. After workers drill down into rock, they create fractures in that rock by pumping in a mixture of water, chemicals and sand. The sand keeps the cracks propped open so that oil and gas are released.

        But sand is basically silica — and breathing in silica is one of the oldest known workplace dangers. Inside the lungs, exposure to the tiny particles has been shown to sometimes lead to serious diseases like silicosis and cancer.

        Traditionally, silica exposure has been associated with jobs like mining, manufacturing and construction. But, as Esswein, a researcher with the National Institute for Occupational Safety and Health, and other safety experts have started to realize, some workers in the newly burgeoning fracking industry may be at risk, too, because of their exposure to silica dust.

        "When sand was handled — that is, when it was transported by machines on site, or whenever these machines that move sand were refilled — dust, visible dust was created," Esswein says.

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