Natural Resources >> CEO Interviews >> August 2, 2001
MARK S. SIEGEL is Chairman of the Board of Patterson-UTI Energy, Inc.,
President and Founder of REMY Investors & Consultants, Inc., a
California-registered investment advisor, established in 1993. Mr.
Siegel was Chairman of the Board of Directors of UTI Energy Corp. from
March 1995 until May, 2001 when UTI Energy Corp. merged with Patterson
Energy, Inc. to form Patterson-UTI Energy, Inc. He was elected as
Chairman of the Board of Variflex, Inc. in November, 1997. From 1992 to
1993, Mr. Siegel was President, Music Division of Blockbuster
Entertainment Corp. From 1988 through 1992, Mr. Siegel was an Executive
Vice President of Shamrock Holdings, Inc. and Managing Director of
Shamrock Capital Advisors, Inc. Mr. Siegel received a Bachelor of Arts
degree in Philosophy from Colgate University and a Juris Doctorate from
the University of California at Berkeley (Boalt Hall) School of Law. Profile
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
and what you see as the benefits of the merger?
Mr. Siegel: I think both Cloyce and I have looked at what each other
