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Patterson-UTI Energy Inc (PTEN.OQ)

PTEN.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Mark Siegel

66 2001 Chairman of the Board

William Hendricks

52 2012 President, Chief Executive Officer

C. Andrew Smith

47 2017 Chief Financial Officer, Executive Vice President, Director

James Holcomb

54 2012 President of Patterson-UTI Drilling Company LLC

Kenneth Berns

57 2017 Executive Vice President – Chief Commercial Office, Director

Seth Wexler

45 2017 Senior Vice President, General Counsel, Secretary

Curtis Huff

59 2011 Lead Independent Director

Charles Buckner

72 2007 Independent Director

Michael Conlon

70 2012 Independent Director

Terry Hunt

69 2003 Independent Director

Tiffany Thom

44 2014 Independent Director

Biographies

Name Description

Mark Siegel

Mr. Mark S. Siegel J.D. is Chairman of the Board of the Company. Mr. Siegel, the Board of Directors considered his broad business and legal experience, as well as his expertise with respect to Patterson-UTI’s business. In addition, the Board considered Mr. Siegel’s demonstrated leadership for more than 20 years in the aggregate of Patterson-UTI and one of its predecessor companies, UTI Energy Corp. (“UTI”). In addition, the Board considered Mr. Siegel’s prior leadership experience in other public companies and in the oil services industry, and in numerous other businesses and industries. Mr. Siegel also brings substantial experience and expertise in mergers and acquisitions, capital structure transactions, strategic planning, and board and business management. Mr. Siegel’s broad and deep experience and expertise allows him to provide Patterson-UTI with valuable leadership in all areas of its business endeavors.

William Hendricks

Mr. William Andrew Hendricks, Jr., is President, Chief Executive Officer of the Company. He served as Chief Operating Officer of Patterson-UTI. From May 2010 through March 2012, Mr. Hendricks served as President of Schlumberger Drilling & Measurements, a division of Schlumberger Limited, a global provider of oilfield services. Prior to that date, Mr. Hendricks worked for Schlumberger in various worldwide locations and capacities since 1988, including serving in numerous executive positions since 2003. Mr. Hendricks holds a Bachelor of Science in Petroleum Engineering from Texas A&M University.

C. Andrew Smith

Mr. C. Andrew Smith is Chief Financial Officer, Executive Vice President, Director of the Company. Mr. Smith most recently served From April 2014 until September 2017, Mr. Smith served as Executive Vice President and Chief Financial Officer of Kirby Corporation, a marine transportation and diesel engine services company. From January 2014 to April 2014, Mr. Smith served as Executive Vice President – Finance of Kirby Corporation. Prior to joining Kirby Corporation, Mr. Smith served as Senior Vice President and Chief Financial Officer of Benthic Geotech and was previously Chief Financial Officer for both Global Industries, LTD and NATCO Group. Mr. Smith is a Certified Public Accountant and holds a degree in business administration from the University of Houston.

James Holcomb

Mr. James M. Holcomb is President of the Company. Mr. Holcomb came to Patterson-UTI in February 1998 with the acquisition of Robertson Onshore Drilling Company and since that time has served in numerous operational management roles, including as Senior Vice President of Operations of Patterson-UTI Drilling Company LLC from April 2006 to January 2012. Mr. Holcomb has over 30 years of experience in contract drilling operations. Mr. Holcomb holds a Bachelor of Science Degree in Business Management from LeTourneau University.

Kenneth Berns

Mr. Kenneth N. Berns is Executive Vice President – Chief Commercial Office, Director of the Company. Mr. Berns, the Board of Directors considered his more than 30 years of financial, mergers and acquisitions and transactional experience, including more than 20 years in the oil and gas industry. This experience and background provides perspective on the cyclical nature of the oil and gas industry and allows Mr. Berns to provide valuable direction with respect to Patterson-UTI’s financial affairs, corporate transactions and strategic decisions.

Seth Wexler

Mr. Seth D. Wexler is Senior Vice President, General Counsel, Secretary of the Company. He specialized in securities law and mergers and acquisitions for the law firm of Norton Rose Fulbright US LLP, including as a partner of such law firm since January 2007. Mr. Wexler holds a Bachelor of Business Administration in Finance from the University of Texas at Austin, a Juris Doctorate from the University of Houston Law Center and a Masters of Business Administration from the University of Houston.

Curtis Huff

Mr. Curtis W. Huff is Lead Independent Director of the Company. Mr. Huff, the Board of Directors considered his background as an executive of publicly traded oilfield services companies and as an owner and manager of a private investment firm focused on the oilfield service industry. The Board noted his knowledge and experience in a broad range of oilfield products and services and his current and historical experience in managing operations in both the United States and internationally. The Board also considered Mr. Huff’s expertise and background with regard to accounting and legal matters, which, among other things, provides guidance to Patterson-UTI in assessing its corporate governance structure, policies and procedures.

Charles Buckner

Mr. Charles Oliver Buckner, CPA, is Independent Director of the Company. Mr. Buckner, the Board of Directors considered his service as a director of oil and gas companies, as well as his experience, expertise and background with regard to accounting matters, which includes his role as the former chairman of Ernst & Young LLP’s U.S. energy practice.

Michael Conlon

Mr. Michael W. Conlon is Independent Director of the Company. Mr. Conlon, the Board of Directors considered his more than 40 years of experience handling corporate, securities and mergers and acquisition matters as a lawyer with an international law firm, as well as his service in a number of management roles throughout his tenure at the firm. The Board noted Mr. Conlon’s experience in representing numerous public companies, including Patterson-UTI, and other energy services companies, allows him to provide valuable insight on legal, governance and regulatory issues facing Patterson-UTI.

Terry Hunt

Mr. Terry H. Hunt is Independent Director of the Company. Mr. Hunt, the Board of Directors considered his more than 25 years of experience covering most phases of the upstream oil and natural gas industry in the United States and Canada, including the evaluation of exploration and development programs, oil and natural gas production and pipeline operations, and project development and major production facility construction. This experience and background provides Patterson-UTI with an invaluable perspective of the oil and natural gas industry and its customers. In addition, Mr. Hunt’s many years of senior executive experience leading natural gas distribution, storage and marketing companies provides insight into the management of multi-faceted businesses and the markets for natural gas in North America.

Tiffany Thom

Ms. Tiffany J. ("TJ") Thom is Independent Director of the Company. Ms. Thom, the Board of Directors considered her more than 20 years of operational and financial experience in the energy industry. The Board noted her service in various operational roles, including as a reservoir engineer for a major oil and gas exploration and production company. The Board also noted Ms. Thom’s prior executive management experience, including most recently as executive vice president and chief financial officer of a publicly traded independent oil and gas exploration and production company, which allows her to provide Patterson-UTI with valuable insight on financial and strategic matters.

Basic Compensation

Name Fiscal Year Total

Mark Siegel

2,864,400

William Hendricks

6,228,220

C. Andrew Smith

--

James Holcomb

1,350,520

Kenneth Berns

3,250,700

Seth Wexler

1,092,980

Curtis Huff

166,849

Charles Buckner

151,849

Michael Conlon

137,682

Terry Hunt

151,849

Tiffany Thom

136,849
As Of  30 Dec 2016

Options Compensation