---
schema_version: "secwatch.filing_event.v1"
accession: "0000889900-24-000010"
form_type: "8-K"
ticker: "PTEN"
cik: "0000889900"
company_name: "PATTERSON UTI ENERGY INC"
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T01:02:01.182273+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Patterson-UTI to take 15% stake in ADNOC Drilling JV for 144-well unconventional project

## Summary
- Patterson-UTI subsidiary signs JV agreement; will hold 15% minority equity in Turnwell, formed by ADNOC Drilling.
- Turnwell awarded contract to drill and complete 144 unconventional wells for Abu Dhabi National Oil Company (ADNOC).
- ADNOC Drilling holds 55% majority, SLB 30%; Patterson-UTI provides drilling expertise and limited cash for working capital.
- CEO Andy Hendricks says JV offers capital-efficient expansion into Middle East unconventional market.

## SEC filing metadata
- accession: 0000889900-24-000010
- form_type: 8-K
- ticker: PTEN
- cik: 0000889900
- company_name: PATTERSON UTI ENERGY INC
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889900/000088990024000010/0000889900-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000088990024000010/pten-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000889900-24-000010
- JSON: https://secwatch.observer/filing/0000889900-24-000010.json
- Plain text: https://secwatch.observer/filing/0000889900-24-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.