Code of Business Conduct and Ethics
On May 1, 2024, the Board of Directors of Patterson-UTI Energy, Inc. (the “Company”) approved amendments to the Company’s Code of Business Conduct and Ethics (the “COBCE”). Amendments include:
- Revisions to provisions regarding acceptance of gifts and entertainment from vendors, including revisions to the approval process for receipt of gifts and entertainment in excess of thresholds in the COBCE
- Adding a prohibition on improper communications with, or receipt of gifts and entertainment from, vendors who are participating in procurement processes with the Company
The above is only a summary of changes to the COBCE. Please refer to the full text of the COBCE, which is available below.