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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) May 24, 1999
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)
(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 May 24, 1999 the Registrant issued the following press release:
PATTERSON ENERGY, INC. REPORTS RESIGNATION OF
CHIEF FINANCIAL OFFICER
SNYDER, TEXAS, MAY 24, 1999-PATTERSON ENERGY, INC. (NASDAQ: PTEN) today
announced that James C. Brown has resigned as the Company's Vice
President-Finance, Chief Financial Officer, Secretary and Treasurer, to pursue
other business interests. Mr. Brown's resignation will be effective June 15,
1999.
Cloyce A. Talbott, Chairman of the Board and Chief Executive Officer of the
Company said "Mr. Brown has been a valued employee for eighteen years and an
integral part of our rapid growth since our initial public offering in 1993."
Mr. Jonathan D. (Jody) Nelson will be the acting Chief Financial Officer
effective May 31, 1999. Mr. Nelson has been the Controller of the Company since
April 1996. Prior to his employment with the Company, he was a Senior Associate
with PricewaterhouseCoopers LLP, the Company's independent accountants.
Patterson Energy, Inc., a Snyder, Texas based energy company, is one of the
leading providers of domestic, land-based drilling services to major and
independent oil and natural gas companies. Patterson currently owns 119 drilling
rigs (114 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
915-573-1104
[email protected]
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: June 15, 1999 By: /s/ Jody Nelson
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Mr. Jody Nelson
Vice-President-Finance
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