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PATTERSON-UTI ENERGY Announces Multi-Year Agreement To Lease Two High-Spec APEX 1500 Drilling Rigs To DLS Archer

Benzinga·01/15/2026 12:56:41
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PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced 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.