Natural Resources >> CEO Interviews >> September 14, 1999

Cloyce A. Talbott – Patterson Energy Inc (pten)

CLOYCE A. TALBOTT, Chief Executive Officer of Patterson-UTI Energy, Inc., co-founded Patterson with Glenn Patterson. He has served as Director of the company since its incorporation in 1978. Mr. Talbott served as Vice President from 1978 to 1983, and served as Chairman of the Board from 1983 until May 2001. He has served as Chief Executive Officer since 1983. He also serves as Chief Executive Officer of each of the company's subsidiaries. Prior to joining Patterson, Mr. Talbott was a Petroleum Engineer with Standard Oil Company of Texas. He co-founded Snyder Well Servicing, Inc., merged Snyder Well Servicing, Inc., into Texas International Co., and became Vice President and Director of Texas International Co. Mr. Talbott managed the TEI Well Service Division which grew to 150 rigs and was sold to NL Industries in 1978. He has a Bachelor of Science degree in Petroleum Engineering from Texas Tech University, Lubbock, Texas. Profile
TWST: Could we start out with a brief overview and a little history of

Patterson Energy, just to set the stage for the readers?

Mr. Talbott: We claim to be the second largest land driller in