<PAGE> 1
Filed pursuant to Rule 424(b)(3) and
(c) as Supplement No. 1 to
Prospectus, dated October 11, 1996,
included as part of Registration
Statement on Form S-3 (Registration
No. 333-13497) of Patterson Energy,
Inc.
PATTERSON ENERGY, INC.
NOVEMBER 15, 1996
SUPPLEMENT NO. 1 TO PROSPECTUS, DATED OCTOBER 11, 1996
The 97,500 shares of common stock, par value $.01 per share (the "Common
Stock"), of Patterson Energy, Inc. originally being offered under this
Prospectus by Perry E. Esping ("Esping") have been transferred by Esping to EFO
Fund, Ltd., a limited partnership in which Esping owns substantially all of the
equity interests ("EFO Fund"). These 97,500 shares are now being offered under
this Prospectus by EFO Fund. Esping also transferred to EFO Fund his warrants to
purchase an additional 75,000 shares of Common Stock. Consequently, the 97,500
shares of Common Stock and the warrants to purchase an additional 75,000 shares
of Common Stock previously owned by Esping and listed in the Prospectus under
"Selling Stockholders" are now owned by EFO Fund.
