Patterson-UTI says hydraulic fracturing market 'literally sold out'

DENVER, Sept 7 (Reuters) - The U.S. hydraulic fracturing market is "literally sold out," Andy Hendricks, chief executive officer of oilfield firm Patterson-UTI said on Wednesday, as demand for equipment and services has outpaced available capacity.

Some fracking firms, including Liberty Energy, are reactivating pressure pumping equipment and deploying new fleets as prices have improved and demand has spiked. Patterson is running 12 frac spreads and on Wednesday said adding an additional fleet would be a challenge.

(Reporting by Liz Hampton in Denver)