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<SEC-DOCUMENT>0001299933-10-003567.txt : 20101001
<SEC-HEADER>0001299933-10-003567.hdr.sgml : 20101001
<ACCEPTANCE-DATETIME>20101001152938
ACCESSION NUMBER:		0001299933-10-003567
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20101001
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20101001
DATE AS OF CHANGE:		20101001

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PATTERSON UTI ENERGY INC
		CENTRAL INDEX KEY:			0000889900
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				752504748
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22664
		FILM NUMBER:		101102276

	BUSINESS ADDRESS:	
		STREET 1:		4510 LAMESA HWY
		STREET 2:		P O DRAWER 1416
		CITY:			SNYDER
		STATE:			TX
		ZIP:			79549
		BUSINESS PHONE:		9155731104

	MAIL ADDRESS:	
		STREET 1:		P O DRAWER 1416
		CITY:			SNYDER
		STATE:			TX
		ZIP:			79550

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PATTERSON ENERGY INC
		DATE OF NAME CHANGE:	19940228
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_39215.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> Patterson-UTI Energy, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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<BR>
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	October 1, 2010
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<FONT SIZE="6">
	Patterson-UTI Energy, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	0-22664
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	75-2504748
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	450 Gears Road, Suite 500, Houston, Texas
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	&nbsp;
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	77067
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	281-765-7100
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<P ALIGN="CENTER">
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt"><B>Item&nbsp;8.01. Other Events</B>
</FONT>

<P align="left" style="font-size: 11pt; text-indent: 4%">On October&nbsp;1, 2010, Patterson-UTI Energy, Inc. (the &#147;<B><I>Company</I></B>&#148;) issued a press release
announcing that two subsidiaries of the Company, Universal Pressure Pumping, Inc. (&#147;<B><I>UPP</I></B>&#148;) and
Universal Wireline, Inc. completed the acquisition of certain assets from Key Energy Pressure
Pumping Services, LLC (&#147;<B><I>Key Pressure Pumping</I></B>&#148;) and Key Electric Wireline Services, LLC (together
with Key Pressure Pumping, the &#147;<B><I>Sellers</I></B>&#148;) relating to the business of providing pressure pumping
services and electric wireline services to participants in the oil and natural gas industry for an
approximate aggregate purchase price of $238&nbsp;million in cash (the &#147;<B><I>Purchase Price</I></B>&#148;). The Purchase
Price is subject to a post-closing adjustment based on the amount of inventory on the closing date.


<P align="left" style="font-size: 11pt; text-indent: 4%">The acquisition was effected pursuant to an Asset Purchase Agreement dated July&nbsp;2, 2010, as
amended, modified and supplemented, by and among the Company, UPP (formerly known as Portofino
Acquisition Company), Sellers and Key Energy Services, Inc., a Maryland corporation.


<P align="left" style="font-size: 11pt; text-indent: 4%">The foregoing description of the press release is qualified in its entirety by reference to
the complete text of the press release furnished as Exhibit&nbsp;99.1 hereto, which is hereby
incorporated herein by reference.


<P align="left" style="font-size: 11pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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    <TD colspan="5" nowrap valign="top" align="left">Exhibits</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated October&nbsp;1, 2010 Announcing Completion of the Acquisition</TD>
</TR>
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<P align="center" style="font-size: 10pt; display: none">




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<B>
	SIGNATURES
</B>
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<P ALIGN="LEFT">
<FONT SIZE="2">
	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.
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	Patterson-UTI Energy, Inc.
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	&nbsp;&nbsp;
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<I>
	October 1, 2010
</I>
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	&nbsp;
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<I>
	By:
</I>
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	&nbsp;
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<I>
	/s/John E. Vollmer III
</I>
<BR>
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	&nbsp;
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<I>
	Name: John E. Vollmer III
</I>
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<I>
	Title: Senior Vice President-Corporate Development, Chief Financial Officer and Treasurer
</I>
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	Exhibit&nbsp;Index
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	Exhibit No.
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	&nbsp;
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	Description
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	99.1
</DIV>
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<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Press Release dated October 1, 2010 Announcing Completion of the Acquisition
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 14pt"><B>Patterson-UTI Energy Completes Acquisition of Pressure Pumping and Wireline Businesses from<BR>
Key Energy Services</B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt">HOUSTON, October&nbsp;1, 2010 &#151; PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that two
subsidiaries of the Company, Universal Pressure Pumping, Inc. and Universal Wireline, Inc. have
completed the acquisition of pressure pumping and wireline assets from subsidiaries of Key Energy
Services, Inc. (NYSE: KEG) for approximately $238&nbsp;million in cash.
</FONT>

<P align="left" style="font-size: 12pt">With the completion of this acquisition, Patterson-UTI&#146;s pressure pumping subsidiaries now have
equipment with approximately 431,000 horsepower, including 340,000 fracturing horsepower and 91,000
horsepower used in cementing, acidizing and nitrogen stimulation. Pressure pumping services are
provided throughout Texas and the Appalachian region, as well as other areas. A substantial amount
of the services are provided in the Barnett, Eagle Ford and Marcellus Shales as well as the Permian
Basin. The wireline subsidiary has 26 wireline units that operate in the same areas as the
pressure pumping assets, as well as other regions including the Bakken Shale.


<P align="left" style="font-size: 12pt">Douglas J. Wall, Patterson-UTI&#146;s Chief Executive Officer, stated, &#147;Demand for pressure pumping
services remains high and we are confident that this acquisition will further our ability to
provide a high-level of customer service quality. We welcome the high caliber employees of these
businesses into the Patterson-UTI family.&#148;


<P align="left" style="font-size: 12pt">Commenting on the acquisition, Mark S. Siegel, Patterson-UTI&#146;s Chairman, stated, &#147;We are pleased to
complete this acquisition that significantly expands one of our core businesses. This acquisition
was funded with a combination of cash on hand and a draw under our $400&nbsp;million revolving line of
credit.&#148;


<P align="left" style="font-size: 12pt"><B>About Patterson-UTI</B>


<P align="left" style="font-size: 12pt">Patterson-UTI Energy, Inc. subsidiaries primarily provide onshore contract drilling and pressure
pumping services to exploration and production companies in North America. Patterson-UTI Drilling
Company LLC has approximately 350 marketable land-based drilling rigs that operate primarily in the
oil and natural gas producing regions of Texas, New Mexico, Oklahoma, Arkansas, Louisiana,
Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, West Virginia and
western Canada. Universal Well Services, Inc., Universal Pressure Pumping, Inc. and Universal
Wireline, Inc. provide well services primarily in Texas and the Appalachian region.


<P align="left" style="font-size: 12pt"><I>Statements made in this press release which state the Company&#146;s or management&#146;s intentions,
beliefs, expectations or predictions for the future are forward-looking statements. It is important
to note that actual results could differ materially from those discussed in such forward-looking
statements. Important factors that could cause actual results to differ materially include, but are
not limited to, deterioration in the global economic environment, declines in oil and natural gas
prices that could adversely affect demand for the Company&#146;s services, and their associated effect
on day rates, rig utilization and planned capital expenditures, excess availability of land
drilling rigs, including as a result of the reactivation or construction of new land drilling rigs,
adverse industry conditions, difficulty in integrating acquisitions, demand for oil and natural
gas, shortages of rig equipment and ability to retain management and field personnel. Additional
information concerning factors that could cause actual results to differ materially from those in
the forward-looking statements is contained from time to time in the Company&#146;s SEC filings, which
may be obtained by contacting the Company or the SEC. These filings are also available through the
Company&#146;s web site at </I><U>http://www.patenergy.com</U> <I>or through the SEC&#146;s Electronic Data
Gathering and Analysis Retrieval System (EDGAR)&nbsp;at </I><U>http://www.sec.gov</U><I>. We undertake no
obligation to publicly update or revise any forward-looking statement.</I>



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