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Patterson-UTI Appoints of Andy Hendricks as CEO

Source: www.gulfoilandgas.com 9/21/2012, Location: North America

Patterson-Uti Energy, Inc. Announced that its Board of Directors has appointed William Andrew ("Andy") Hendricks, Jr. as Chief Executive Officer effective October 1, 2012, elevating him from his current position of Chief Operating Officer. He will replace Douglas J. Wall, who is retiring as CEO on September 30, 2012. Additionally, the Company announced that Michael W. Conlon has been appointed to the Board of Directors.

Mark S. Siegel, Patterson-UTI's Chairman, stated, "It has been both a personal and professional privilege to work with Doug. I would like to thank him for not only his service to the Company, but also for his efforts to ensure a smooth management transition. I am encouraged by the skills and talents that Andy has brought to our management team, and I remain confident that the Company is in good hands."

Mr. Siegel added, "I would also like to welcome Mike Conlon to our Board of Directors. Mike knows both the industry and our Company very well, and I believe his legal expertise and wise counsel will be an invaluable asset to our Board."

Mr. Conlon is a former partner of the law firm Fulbright & Jaworski L.L.P. During his more than 40 years with the firm, Mr. Conlon held a number of management positions in the firm and advised numerous public companies, including Patterson-UTI. Mr. Conlon received a Bachelor of Arts degree in Economics from Catholic University of America and a Juris Doctorate from Duke University.

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