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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Harold S. who wrote (31403)	11/3/1998 7:44:00 PM
From: Jamey	Respond to of 95453

It appears that I should pay more attention to news articles about companies in general. "Fortune Magazine Ranks UTI Energy as America's "Eleventh Fastest Growing Company" Wednesday, September 23, 1998 08:30 AM HOUSTON--(BUSINESS WIRE)--September 23, 1998-- Magazine Cites UTI's 174% Annual Growth Rate in Earnings Per Share Over Past Three Years UTI Energy Corp. (AMEX: UTI) said today that Fortune Magazine in its September 28th listing of "America's Fastest Growing Companies" ranked UTI eleventh, citing the company's 174% annual growth rate in earnings per share over the past three years. The company's 91 percent annual growth rate in revenues over the same three year period placed the company in fourteenth position. "Our number one objective at UTI is to build long-term shareholder value, and we are very pleased to see that our strategy has resulted in such impressive gains over the past three years," said Mark S. Siegel, UTI's chairman. "In fact, we were the highest ranked land driller in the list, and our total three-year annualized return (stock valuation) of 88 percent was surpassed by only one of the companies ranked by Fortune in the top ten fastest growing companies. Going forward we plan to operate UTI as efficiently and effectively as possible, so that we can continue to meet the needs of our customers and the expectations of our shareholders," Siegel added. UTI Energy Corp. is a leading provider of contract drilling and pressure pumping services in the continental United States. The Company's subsidiaries own 109 drilling rigs that provide drilling services primarily in Texas, Oklahoma, New Mexico and the Northeast. The Company's pressure pumping subsidiary provides stimulation and cementing services in the Northeast." Santiago