3 Jan 2022director interest notice● Neutral
PATTERSON UTI ENERGY INC director Terry H Hunt acquired 20,710 shares and disposed of 7,500 in a set of related equity transactions.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Jan 2022director interest notice● Neutral
PATTERSON UTI ENERGY INC director Tiffany Thom Cepak received 20,710 shares as part of the equity award.
3 Jan 2022director interest notice● Neutral
PATTERSON UTI ENERGY INC director Michael W Conlon received 20,710 shares as part of the equity award.
3 Jan 2022director interest notice● Neutral
PATTERSON UTI ENERGY INC director Janeen S Judah received 20,710 shares as part of the equity award.
2 Nov 2021quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $357.9 million and a net loss of $83.0 million for the period ended 2021-09-30.
28 Oct 2021quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $357.9 million and a net loss of $83.0 million for the period ended 2021-09-30.
5 Oct 2021substantial holder notice● Neutral
Patterson-UTI Energy, Inc reported no remaining PATTERSON UTI ENERGY INC shareholding in its periodic institutional filing.
4 Oct 2021business combination● NeutralMajor
The Pioneer Energy Services acquisition closed on October 1, 2021, with Patterson-UTI paying about 26.3 million of its shares and $30 million cash, after the merger agreement was amended on September 13, 2021. Pioneer's senior notes were repaid with cash and some of the new shares, and Pioneer holders get 1.8692 Patterson-UTI shares per Pioneer share. This resolves the open Pioneer thread; the press release values the deal at about $278 million including debt retirement, at a $9.44 share price.
27 Aug 2021securities registration● Neutral
PATTERSON UTI ENERGY INC filed the final prospectus for a registered offering.
25 Aug 2021business combination● Neutral
Patterson-UTI filed Amendment No. 1 to its Pioneer-deal registration statement, which keeps the same terms (up to 26,275,000 shares plus $30 million cash) and now sets the Pioneer stockholder meeting for September 28, 2021. This continues the pending Pioneer acquisition; the excerpt shows no change to the deal terms.
3 Aug 2021business combination● Neutral
Patterson-UTI filed its registration statement (Form S-4) for the shares to be issued in the Pioneer Energy Services acquisition agreed July 5, 2021: up to 26,275,000 shares plus $30 million cash, with Pioneer's debt retired at closing. The filing says Patterson-UTI holders would own about 88% and Pioneer holders about 12% afterward, and holders with about 88% of Pioneer's voting power have signed support agreements. This continues the Pioneer deal; it is not yet effective and the Pioneer vote is still to come.
3 Aug 2021quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $291.8 million and a net loss of $103.3 million for the period ended 2021-06-30.
29 July 2021quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $291.8 million and a net loss of $103.3 million for the period ended 2021-06-30.
15 July 2021substantial holder notice● Neutral
Patterson-UTI Energy, Inc disclosed a new substantial PATTERSON UTI ENERGY INC shareholding (90.50% of votes).
6 July 2021business combination● NeutralMajor
On July 5, 2021 Patterson-UTI agreed to acquire Pioneer Energy Services for up to 26,275,000 Patterson-UTI shares plus $30 million in cash, with all Pioneer debt retired in the deal. Pioneer shareholders and convertible noteholders get Patterson-UTI shares at an exchange ratio set at closing; closing needs 60% Pioneer holder approval, antitrust clearance, an effective S-4, Nasdaq listing, and no more than 6% of Pioneer shares exercising appraisal rights, with an outside date of January 3, 2022. For existing Patterson-UTI holders this means issuing new shares (a maximum, per the filing).
4 May 2021quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $240.9 million and a net loss of $106.4 million for the period ended 2021-03-31.
29 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC Executive Vice President Kenneth N Berns acquired 212,600 shares and disposed of 32,725 in a set of related equity transactions.
29 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC EVP & Chief Financial Officer Charles Andrew Smith acquired 179,800 shares and disposed of 11,153 in a set of related equity transactions.
29 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC President & CEO William Andrew Hendricks Jr. acquired 569,800 shares and disposed of 84,131 in a set of related equity transactions.
29 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC SVP/General Counsel/Secretary Seth David Wexler acquired 129,200 shares and disposed of 16,213 in a set of related equity transactions.
29 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC President-Drilling Subsidiary James Michael Holcomb acquired 115,400 shares and disposed of 10,033 in a set of related equity transactions.
29 Apr 2021quarterly activities report▼ Bad
PATTERSON UTI ENERGY INC reported quarterly revenue of $240.9 million and a net loss of $106.4 million for the period ended 2021-03-31.
26 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC SVP/General Counsel/Secretary Seth David Wexler had 11,177 shares withheld for taxes on vesting stock.
26 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC President-Drilling Subsidiary James Michael Holcomb had 6,917 shares withheld for taxes on vesting stock.
12 Apr 2021agm notice● Neutral
PATTERSON UTI ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
8 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC SVP/General Counsel/Secretary Seth David Wexler had 9,733 shares withheld for taxes on vesting stock.
8 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC EVP & Chief Financial Officer Charles Andrew Smith had 8,539 shares withheld for taxes on vesting stock.
8 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC President-Drilling Subsidiary James Michael Holcomb had 6,023 shares withheld for taxes on vesting stock.
8 Apr 2021director interest notice● Neutral
PATTERSON UTI ENERGY INC President & CEO William Andrew Hendricks Jr. had 44,076 shares withheld for taxes on vesting stock.
16 Feb 2021substantial holder notice● Neutral
Dimensional Fund Advisors LP reported a PATTERSON UTI ENERGY INC shareholding of 9,755,884 shares (5.20% of votes) in a periodic institutional filing.