<SEC-DOCUMENT>0001299933-12-000931.txt : 20120423
<SEC-HEADER>0001299933-12-000931.hdr.sgml : 20120423
<ACCEPTANCE-DATETIME>20120423085501
ACCESSION NUMBER:		0001299933-12-000931
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120423
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120423
DATE AS OF CHANGE:		20120423

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:		12772053

	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
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<TYPE>8-K
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<DESCRIPTION>LIVE FILING
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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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	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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	April 23, 2012
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	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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	77067
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	281-765-7100
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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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>
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[&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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	Item 8.01 Other Events.
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On April 23, 2012, Patterson-UTI Energy, Inc. (the "Company") announced that it sold its flowback operations to TETRA Technologies, Inc. in a cash transaction.  The sale price was $42.5 million and a subsidiary of Patterson-UTI retained the associated financial working capital of approximately $5 million.  Patterson-UTI expects to report a pretax gain of approximately $20 million in the second quarter of 2012 as a result of this transaction.
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	Item 9.01 Financial Statements and Exhibits.
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(d) The following exhibit is furnished herewith.<br><br>99.1 Press Release dated April 23, 2012 announcing the sale of flowback operations.
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	SIGNATURES
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	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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	April 23, 2012
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	By:
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	John E. Vollmer III
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	Name: John E. Vollmer III
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	Title: Senior Vice President-Corporate Development, Chief Financial Officer and Treasurer
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	Exhibit&nbsp;Index
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	Exhibit No.
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	99.1
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Press Release dated April 23, 2012 announcing the sale of flowback operations.
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Exhibit&nbsp;99.1</B></FONT>



<P align="left" style="font-size: 12pt">Contact: Mike Drickamer
<BR>
Director, Investor Relations
<BR>
Patterson-UTI Energy, Inc.
<BR>
(281)&nbsp;765-7170


<P align="center" style="font-size: 12pt"><FONT style="font-size: 14pt"><B>Patterson-UTI Energy Announces Sale of Flowback Operations</B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt"><B>HOUSTON &#150; April&nbsp;23, 2012 &#150; PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) </B>today announced that it
sold its flowback operations to TETRA Technologies, Inc. in a cash transaction. The sale price was
$42.5&nbsp;million and a subsidiary of Patterson-UTI retained the associated financial working capital
of approximately $5&nbsp;million. Patterson-UTI expects to report a pretax gain of approximately $20
million in the second quarter of 2012 as a result of this transaction. Simmons & Company
International served as financial advisor to Patterson-UTI in this transaction.
</FONT>

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


<P align="left" style="font-size: 12pt">Patterson-UTI Energy, Inc. subsidiaries provide onshore contract drilling and pressure pumping
services to exploration and production companies in North America. Patterson-UTI Drilling Company
LLC has approximately 330 marketable land-based drilling rigs and operates 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, Ohio and western
Canada. Universal Pressure Pumping, Inc. and Universal Well Services, Inc. provide pressure
pumping 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, governmental regulations 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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