EX-99.1 13 h06337exv99w1.txt FORM OF PROXY OF TMBR/SHARP DRILLING, INC. EXHIBIT 99.1 PROXY TMBR/SHARP DRILLING, INC. THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS The undersigned hereby appoints Thomas C. Brown and David N. Fitzgerald as Proxies, each with the power to appoint his substitute, and hereby authorizes them to represent and to vote, as designated below, all the shares of common stock, par value $.10 per share of TMBR/Sharp Drilling, Inc. held of record by the undersigned on _______________, 2003 at the special meeting of shareholders to be held on ___________________, 2003 or any adjournment or postponement thereof. THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSALS. 1. Proposal to approve the Agreement and Plan of Merger, dated May 26, 2003, by and among Patterson-UTI Energy, Inc., Patterson-UTI Acquisition, LLC and TMBR/Sharp Drilling, Inc., and approval of the transactions contemplated thereby, including the merger, pursuant to which TMBR/Sharp Drilling, Inc. will be merged with and into Patterson-UTI Acquisition, LLC, a Texas limited liability company and wholly-owned subsidiary of Patterson-UTI Energy, Inc, and each share of TMBR/Sharp Drilling, Inc. common stock, $.10 par value per share (except those shares owned directly or indirectly by Patterson-UTI Energy, Inc. or TMBR/Sharp Drilling, Inc. and those shares owned by dissenting shareholders), will be converted into the right to receive $9.09 in cash and 0.312166 of a share of common stock, $0.01 par value per share, of Patterson-UTI Energy, Inc. [ ] FOR [ ] AGAINST [ ] ABSTAIN -------------------------------------------------------------------------------- 2. Proposal to approve the adjournment of the special meeting of shareholders to a date not later than _______ __, 2003. [ ] FOR [ ] AGAINST [ ] ABSTAIN -------------------------------- Signature Dated: ____________ ___, 2003 -------------------------------- Signature, if held jointly Please date the proxy and sign exactly as name appears hereon. When shares are held by joint tenants, both should sign. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in full corporate name by the President or other authorized officer. If a partnership, please sign in partnership name by an authorized person.