<SEC-DOCUMENT>0001299933-14-000439.txt : 20140321
<SEC-HEADER>0001299933-14-000439.hdr.sgml : 20140321
<ACCEPTANCE-DATETIME>20140321070643
ACCESSION NUMBER:		0001299933-14-000439
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140321
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140321
DATE AS OF CHANGE:		20140321

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:		14708252

	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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	March 21, 2014
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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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	(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>
	(Zip Code)
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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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<B>
	Item 8.01 Other Events.
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On March 21, 2014, Patterson-UTI Energy, Inc. (the "Company") announced that its pressure pumping operations in the Appalachian region have been negatively impacted by unusually severe weather during the first quarter.  The Company now expects pressure pumping revenues of approximately $240 million for the first quarter, with a margin percentage of approximately 17%.  The margin percentage is lower than projected as a result of having crews and equipment on location that were unable to provide revenue generating services during the unusually severe weather.  While on location, the Company continued to incur labor, demurrage and other costs, including fuel costs to run equipment in order to protect it in these extraordinary weather conditions.<br>  <br>The severe weather has not significantly impacted the Company's other operations, and demand remains strong for both pressure pumping and drilling services even in the areas impacted by weather.<br>   <br>Margin is defined as revenues less direct operating costs and excludes depreciation, amortization and impairment and selling, general and administrative expenses.  Margin percentage is defined as margin divided by revenues.<br>
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	Item 9.01 Financial Statements and Exhibits.
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(d) The following exhibit is furnished herwith:<br><br>99.1  Press Release dated March 21, 2014 Commenting on Expected First Quarter 2014 Results
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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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	March 21, 2014
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	By:
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<I>
	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 March 21, 2014 Commenting on Expected First Quarter Results
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt">Contact: Mike Drickamer
<BR>
Director, Investor Relations
<BR>
Patterson-UTI Energy, Inc.
<BR>
(281)&nbsp;765-7170
</FONT>

<P align="center" style="font-size: 12pt"><FONT style="font-size: 14pt"><B>Patterson-UTI Energy Comments on Expected First Quarter 2014 Results</B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt"><B>HOUSTON, Texas &#150; March&nbsp;21, 2014 &#150; PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) </B>today announced
that its pressure pumping operations in the Appalachian region have been negatively impacted by
unusually severe weather during the first quarter. We now expect pressure pumping revenues of
approximately $240&nbsp;million for the first quarter, with a margin percentage of approximately 17%.
The margin percentage is lower than we had projected as a result of having crews and equipment on
location that were unable to provide revenue generating services during the unusually severe
weather. While on location, we continued to incur labor, demurrage and other costs, including fuel
costs to run our equipment in order to protect it in these extraordinary weather conditions.
</FONT>

<P align="left" style="font-size: 12pt">The severe weather has not significantly impacted our other operations, and demand remains strong
for both our pressure pumping and drilling services even in the areas impacted by weather.


<P align="left" style="font-size: 12pt">Margin is defined as revenues less direct operating costs and excludes depreciation, amortization
and impairment and selling, general and administrative expenses.&nbsp; Margin percentage is defined as
margin divided by revenues.


<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 and its subsidiaries have more than 275 marketable land-based drilling rigs and operate
primarily in oil and natural gas producing regions in the continental United States, Alaska, and
western and northern 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">Location information about the Company&#146;s drilling rigs and their individual inventories is
available through the Company&#146;s website at <U>www.patenergy.com</U>.


<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, volatility in customer spending and in oil and natural gas prices, which could
adversely affect demand for our services and their associated effect on rates, utilization, margins
and planned capital expenditures; global economic conditions; excess availability of land drilling
rigs and pressure pumping equipment, including as a result of reactivation or construction;
equipment specialization and new technologies; adverse industry conditions; adverse credit and
equity market conditions; difficulty in building and deploying new equipment; difficulty in
integrating acquisitions; shortages, delays in delivery and interruptions of supply of equipment,
supplies&nbsp; and materials; weather; loss of key customers; liabilities from operations; ability to
effectively identify and enter new markets; governmental regulation; ability to realize backlog;
and ability to retain management and field personnel.</I></FONT><FONT style="font-size: 5pt"> </FONT><FONT style="font-size: 12pt"> <I>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 http://www.patenergy.com or through the SEC&#146;s Electronic Data Gathering and Analysis Retrieval
System (EDGAR)&nbsp;at http://www.sec.gov. We undertake no obligation to publicly update or revise any
forward-looking statement.</I>
</FONT>


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