Patterson-UTI Reveals Settlement With Equal Employment Opportunity Commission

(RTTNews) - Patterson-UTI Energy Inc (PTEN) on Monday said its subsidiary, Patterson-UTI Drilling Co LLC, has reached an agreement with the U.S. Equal Employment Opportunity Commission to resolve previously disclosed allegations that originated from claims from field-based employees a number of years ago.

According to the company, rather than pursuing costly litigation to dispute past claims, Patterson-UTI Drilling Co LLC chose to work with the Commission to institute additional human resources best practices and enter into a no-fault $12.26 million settlement, the terms of which were recently approved by a federal judge.

Patterson-UTI Drilling Co LLC encourages those who are eligible to submit claims to participate in the settlement when they receive notice from the settlement administrator in approximately 60 days.

Patterson-UTI Drilling Co LLC also has instituted strong policies, training programs and recruiting initiatives to improve workforce diversity and inclusion and reinforce its commitment to equal opportunity and respectful treatment for all employees.