17 Aug 2010director interest notice● Neutral
PATTERSON UTI ENERGY INC Chief Accounting Officer Gregory W Pipkin had 1,180 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 July 2010director interest notice● Neutral
PATTERSON UTI ENERGY INC Chief Accounting Officer Gregory W Pipkin had 51 shares withheld for taxes on vesting stock.
6 July 2010material agreement● NeutralMajor
On July 2, 2010 Patterson-UTI agreed to buy pressure pumping and electric wireline assets from Key Energy Services subsidiaries for about $237.7 million in cash, subject to adjustments and to Hart-Scott-Rodino waiting-period clearance, with a December 1, 2010 closing deadline. To help fund it, it also signed a 364-day, $250 million unsecured term loan with Wells Fargo that must be drawn by September 30, 2010 (October 30 with an extra fee).
29 June 2010director interest notice● Neutral
PATTERSON UTI ENERGY INC Chief Accounting Officer Gregory W Pipkin had 51 shares withheld for taxes on vesting stock.
11 June 2010director interest notice● Neutral
PATTERSON UTI ENERGY INC GENERAL COUNSEL AND SECRETARY Seth David Wexler received 20,000 shares as part of the equity award.