Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On May11, 2017, Patterson-UTI Energy, Inc. (the Company) issued a
press release announcing that John E. Vollmer III has notified
the Company of his decision to retire after nearly 20 years of
distinguished service. His retirement will become effective after
a transition period following the employment of his successor,
which the Company expects to occur before the end of the year.
Item9.01 Financial Statements and Exhibits.
(d) The following exhibit is furnished herewith:
| 99.1 |
Press Release dated May11, 2017 announcing the intention of John E. Vollmer III to retire. |
About Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Patterson-UTI Energy, Inc. owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company operates in three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Company provides contract drilling services to oil and natural gas operators in the continental United States, and western and northern Canada. The Company provides pressure-pumping services to oil and natural gas operators. The Company also invests in oil and natural gas properties. The Company’s Contract Drilling segment markets its contract drilling services to oil and natural gas operators. The Company’s Pressure Pumping segment provides pressure-pumping services to oil and natural gas operators in Texas and the Appalachian region. The Company’s oil and natural gas working interests are located in producing regions of Texas and New Mexico. Pressure pumping services consist of well stimulation, such as hydraulic fracturing. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Recent Trading Information
Patterson-UTI Energy, Inc. (NASDAQ:PTEN) closed its last trading session up +0.42 at 21.69 with 4,910,332 shares trading hands.
