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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Patterson Energy, Inc.
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(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
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(Title of Class of Securities)
703414110
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(CUSIP Number)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 5 pages
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CUSIP NO. 703414110 13G PAGE 2 OF 5 PAGES
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Talbott Family Partnership
EIN 75-1788077
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |_| Not Applicable
(b) |_| Not Applicable
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED BY Not applicable
EACH REPORTING PERSON
WITH
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6 SHARED VOTING POWER
Not applicable
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7 SOLE DISPOSITIVE POWER
Not applicable
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8 SHARED DISPOSITIVE POWER
Not applicable
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Not applicable
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
Not applicable
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CUSIP NO. 703414110 13G PAGE 3 OF 5 PAGES
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Not applicable
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12 TYPE OF REPORTING PERSON (See Instructions)
PN
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ITEM 1(a)NAME OF ISSUER:
Patterson Energy, Inc.
ITEM 1(b)ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4510 Lamesa Highway
Snyder, Texas 79549
ITEM 2(a)NAME OF PERSON FILING:
Talbott Family Partnership
ITEM 2(b)ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Cloyce A. Talbott
4510 Lamesa Highway
Snyder, Texas 79549
ITEM 2(b)CITIZENSHIP:
Texas
ITEM 2(d)TITLE OF CLASS OF SECURITIES
Common Stock, par value $0.01 Per Share
ITEM 2(e)CUSIP NUMBER:
703414110
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B),
OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) |_| Broker or Dealer registered under Section 15 of the Act.
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CUSIP NO. 703414110 13G PAGE 4 OF 5 PAGES
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(b) |_| Bank as defined in section 3(a)(6) of the Act.
(c) |_| Insurance Company as defined in section 3(a)(19) of the
Act.
(d) |_| Investment Company registered under section 8 of the
Investment Company Act.
(e) |_| Investment Adviser registered under section 203 of
the Investment Advisers Act of 1940.
(f) |_| Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see ss.
240.13d-1(b)(1)(ii)(F).
(g) |_| Parent Holding Company, in accordance with
ss. 240.13d-1(b)(ii)(G) (Note: See Item 7).
(h) |_| Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H).
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
Not Applicable
(b) Percent of Class:
Not Applicable
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Not Applicable
(ii) shared power to vote or to direct the vote:
Not Applicable
(iii) sole power to dispose or to direct the
disposition of: Not Applicable
(iv) shared power to dispose or to direct the
disposition of: Not Applicable
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: |X|
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CUSIP NO. 703414110 13G PAGE 5 OF 5 PAGES
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
SIGNATURE.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
TALBOTT FAMILY PARTNERSHIP
Date: October 20, 1997 By:/s/ Cloyce A. Talbott
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Cloyce A. Talbott, Managing General
Partner
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