8-K: Patterson-UTI Director Joins Interior Dept.

Leslie Beyer resigned from Patterson-UTI's Board of Directors after being confirmed as Assistant Secretary for Land and Minerals Management at the U.S. Department of the Interior.

Summary

• Leslie A. Beyer was confirmed by the U.S. Senate as Assistant Secretary for Land and Minerals Management at the U.S. Department of the Interior on September 18, 2025.
• In connection with her confirmation, Ms. Beyer was required to resign from the Board of Directors of Patterson-UTI Energy, Inc.
• Ms. Beyer's resignation as a director of the Company was effective immediately on September 18, 2025.
• Her resignation was not a result of any disagreements with the Company regarding its operations, policies, or practices.
• Ms. Beyer had served on Patterson-UTI's Board of Directors since September 2023.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While the company loses a director, the reason for her departure is a prestigious government appointment, reflecting well on the individual and, by extension, the company's association. There are no negative implications for the company's operations or financial health mentioned.

Positives

• The appointment of Leslie Beyer to a significant government role reflects positively on the caliber of individuals associated with Patterson-UTI.
• The resignation was amicable and not due to any internal disagreements, indicating a healthy corporate environment.

Negatives

• Patterson-UTI loses an experienced director from its Board, who had been a member since September 2023.

Future Outlook

No forward-looking statements or guidance related to the company's financial performance or operations were provided in connection with this event.

Management Comments

• Andy Hendricks, Patterson-UTI's President and CEO, commented: 'Leslie is a trusted voice in our industry. Throughout Leslie's career, she has helped to shape policy to move our industry forward while supporting the hundreds of thousands of men and women in the energy workforce. I am grateful for Leslie's contributions to Patterson-UTI as a member of our Board of Directors, and I know that she will be just as impactful in her role as Assistant Secretary for Land and Minerals Management.'

Industry Context

This event highlights the movement of experienced energy industry professionals into key government roles, which can influence land and minerals management policies relevant to oil and natural gas exploration and production companies like Patterson-UTI. Such appointments can signal a focus on practical industry perspectives within regulatory bodies.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: The company loses an experienced director, but the amicable nature and prestigious reason for departure mitigate potential concerns. The board will need to address the vacancy.
• Employees: No direct impact on employees is indicated by this change.

Key Dates

Keywords

Patterson-UTI, PTEN, Leslie Beyer, Board of Directors, Resignation, Department of Interior, Corporate Governance, Energy Policy, Management Change