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UNITED STATES
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) December 30, 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.)
P.O. Box 1416, 4510 Lamesa Highway, Snyder, Texas 79549
(Address of principal executive offices) (Zip Code)
(915) 573-1104
(Registrant's telephone number, including area code)
No Change
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On December 30, 1997, the Registrant issued the following press release:
PATTERSON ENERGY, INC. DECLARES 2-FOR-1 STOCK SPLIT
SNYDER, Texas-(BUSINESS WIRE)-December 30, 1997-PATTERSON ENERGY, INC.
(NASDAQ:PTEN) announced today that the Board of Directors of Patterson has
approved a 2-for-1 stock split of its Common Stock, $.01 Par Value, to
stockholders of record on January 9, 1998, to be distributed on January 23,
1998. As a result of the stock split, each shareholder of Patterson will receive
an additional share of Common Stock for each share owned on the record date.
Based on the number of shares of Common Stock currently outstanding (15,764,846
shares), the number of shares of Common Stock to be outstanding on the
distribution date (January 23, 1998) will be 31,529,692 shares.
Patterson Energy, Inc., a Snyder, Texas based energy company, 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 now
has 99 land-based drilling rigs (92 of which are currently operable) and focuses
its operations primarily in Texas and southeast New Mexico.
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
4510 Lamesa Highway - Snyder, Texas 79549 - 915-573-1104
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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 hereunto duly authorized.
PATTERSON ENERGY, INC.
Date: January 6, 1998 By:/s/James C. Brown
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James C. Brown
Vice President-Finance
