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Gold/Mining/Energy : Anyone following UTI Energy Corp.?
UTI 24.57-3.7%Dec 8 3:59 PM EST
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To: Nazbuster who wrote (721)5/15/1998 8:24:00 AM
From: Susan Saline   of 1305
 


Three Months
Ended March 31, ------------------------ 1998 1997 ---------- ---------
Operating Data:

Average U.S. land rig count (1)............ 787 727
Number of owned rigs at end of period...... 89 74
Average number of rigs owned during period. 89 71

Contract drilling:

Operating days(2).......................... 5,272 4,225
Utilization rates(3)....................... 66% 64%

Pressure pumping:

Cement jobs ........................... 508 600
Stimulation jobs........................... 209 202

Financial data: (in thousands)
Revenues..................................... $ 48,317 $ 34,368
Gross profit................................. $ 13,364 $ 7,006

Gross profit margin.......................... 27.7% 20.4%
Operating income............................. $ 5,969 $ 3,127
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