<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) January 27, 1997
PATTERSON ENERGY, INC.
--------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-22664 75-2504748
- ---------------------------- ------------ -------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4510 Lamesa Highway, Snyder, Texas 79549
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (915) 573-1104
--------------
No Change
--------------------------------------------------------------
(Former name or former address, if changed since last report.)
<PAGE> 2
ITEM 5. OTHER EVENTS
On January 27, 1997, the Registrant issued the following
press release:
PATTERSON ENERGY'S PUBLIC EQUITY OFFERING
SNYDER, TEXAS, January 27, 1997--PATTERSON ENERGY, INC. (NASDAQ/NM: PTEN) today
announced that its public offering of 2,000,000 common shares was priced at
$30.75 per share by an underwriting group led by Prudential Securities
Incorporated and co-managed by Morgan Keegan & Company, Inc. and Raymond James
& Associates Inc. Of the total shares offered, 1,763,000 shares were offered by
the Company and 237,000 shares were sold by selling shareholders. In addition,
the Company has granted the underwriters a 30 day over-allotment option to
purchase up to 300,000 common shares. Settlement for the offering is scheduled
for January 31, 1997.
Patterson Energy, Inc. is one of the leading providers of domestic land
drilling services to major independent oil and gas companies and, to a lesser
extent, is engaged in the development, exploration, acquisition and production
of oil and natural gas. Patterson has 61 land-based drilling rigs (52 of which
are currently operable) and focuses its operations in the Permian Basin, the
Austin Chalk Trend, South Texas and the Hardeman Basin primarily in Texas.
For further information, contact:
Patterson Energy, Inc.
Cloyce A. Talbott, Chairman and Chief Executive Officer
James C. Brown, Vice President Finance and Chief Financial Officer
915-573-1104
Shimmerlik Corporate Communications, Inc.
Warren M. Shimmerlik
212-247-5200
2
<PAGE> 3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PATTERSON ENERGY, INC.
Date: February 4, 1997 /s/ James C. Brown
---------------------------
James C. Brown
Vice President-Finance
3
