(PTEN) is the second-largest land-based oil and gas drilling and exploration company in North America. Patterson operates within three business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production. Contract drilling makes up 65% of total revenues, pressure pumping makes up 33% of revenues and oil and natural gas exploration and production makes up 2% of revenues. Patterson operates primarily in the Southwestern and Northeastern regions of the United States with 308 contract drilling rigs and 631,070 hydraulic horsepower in pressure pumping equipment; and operates 20 contract drilling rigs in
The company has exceeded its goal of more than 50 new product launches during 2009. The company had segment operating income of $275 million in the third quarter of 2009, up from $266 million in the 2008 third quarter and $24 million in 2009’s second quarter. Compared to the prior year, third quarter 2009 segment operating income reflects continued weak industry demand, which resulted in a negative volume impact of $64 million and under-absorbed fixed costs of approximately $107 million. The 2009 quarter benefited from $207 million in lower raw material
U.S. consumers will spend approximately $491 billion on gas this year. That is going to be a brand new all-time record. Right now, the average price of a gallon of gasoline in the United States is $3.649. That is 94 cents higher than 12 months earlier and it is a brand new record for this time of the year. Size of the economic pie The size of the economic pie in America is shrinking, and the share of the pie for those that are poor is shrinking a lot faster than the share of the pie for those that are wealthy.
This dire statistic earns Dyers County the title of the eight highest unemployment rate for counties in the state of Tennessee. Due to the overall downturn in the nation’s economic status the effects of the recession can easily be seen in Dyer County—numerous empty buildings that once housed small businesses and a number of home foreclosure sale signs in the yards of now empty residences. The annual median income for Dyer County residents is $32,788, and the median income for a family is $39,848. “Males had a median income of $31,182 versus $21,605 for females. The per capita income for the county was $16,451.
Figure 3 shows the changes of global economic power over time. There are many reasons for the shifts in economic power such as the Second World War and the collapse of the British Empire. In 1913, Britain had a GDP almost twice the size of The USA's and made up 37% of the world's economy. By 1950, Britain's economic influence had decreased, its GDP now making up only 7% of the global economy. During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913.
Sarbanes-Oxley Section 404 Work: Looking at the Benefits. The Institute of Internal Auditors Research Foundation, 2005. Web. 9 April 2011 <www.theiia.org/download.cfm?file=343> “Optimizing the Role of Internal Audits in Sarbanes-Oxley Era.” Corporate Compliance. Delottie, 2005.
It is also contributed to United States oil industry by seventeenth percent of produce oil, as said by (Pam Barrett pg. 43) “Oil is by far the largest of Alaska’s industries”, and (R. Warren Anderson ) “Former Secretary of the Interior Gale Norton summed up its success in 2003 that Today the pipeline produces 17 percent of our domestic petroleum. It has pumped nearly 14 billion barrels of oil and $400 billion into our economy”, it gave jobs for several thousand people, Alyeska workers and sub-contractors. The pipeline has help Alaska which is the most heavily tax state to the most tax-free state. Alaska has profit more than half of the income from the pipeline has produces and the other profit goes to the United States.
The Dallas Morning News September 01-November 30, 1986 5/4/2011 Bradley Wyly | The Dallas Morning News has covered the metroplex since October 1, 1885. Since then it has become one of the largest newspapers of the United States with over 250,000 subscribers. The metroplex experienced problems in 1986 with the recession. Oil prices collapses and the economy was in a free fall. The recession had a daunting effect on Dallas.
National Debt At one point our national debt was only 34,000 dollars that was way back in 1834, today in December of 2012 our debt has gone up to about 59 trillion dollars. Many people don’t even know anything about our debt situation. It’s never fully explained on how we got so far in the red zone, it’s always hidden away like a dark secret of our government. Truthfully there are many explanations for our nation’s debt crisis. The U.S. government has stolen trillions of dollars from future generations of Americans, and we continue to add well over a hundred million dollars to that total every single day.
According to Iceland, “The poorest 20% of the global population has not benefited much from general improvements. Of the world’s population living in developing and transition economies, 2.8 billion, or almost half, live on less than $2 a day.” There has been an extreme measure of poverty throughout the world that has lead to material and income deprivation across several regions. Sadly among the wealth nation in the world, the United States has a greater proportion of people who are poor. The United States having the highest GNP per capita in the world, at $26,400, has higher levels of both absolute and relative poverty than other rich countries in Northern and Western Europe. This reflects inequality and an uneven distribution (both factors that attribute to poverty) of wealth in