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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).
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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
Cloyce A. Talbott
Soc. Sec. No. ###-##-####
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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
U.S.A
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED Not applicable
BY 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)
IN
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</TABLE>
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:
Cloyce A. Talbott
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
4510 Lamesa Highway
Snyder, Texas 79549
ITEM 2(b) CITIZENSHIP:
United States of America
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.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
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CUSIP NO. 703414110 13G PAGE 4 OF 5 PAGES
(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 Section 240.13d-1(b)(1)
(ii)(F).
(g) [ ] Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G) (Note: See
Item 7).
(h) [ ] Group, in accordance with Section 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
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.
Date: October 20, 1997 /s/ Cloyce A. Talbott
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Cloyce A. Talbott, Individually
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