1
 
                                                                     EXHIBIT 4.1
 
               EXCEPT FROM RESTATED CERTIFICATE OF INCORPORATION
                           OF PATTERSON ENERGY, INC.
 
"Section 2. COMMON STOCK
 
     2.1  Issuance, Consideration, and Terms. Any unissued shares of the Common
Stock may be issued from time to time for such consideration, having a value of
not less than the par value thereof, as may be fixed from time to time by the
Board of Directors. Any treasury shares may be disposed of for such
consideration as may be determined from time to time by the Board of Directors.
The Common Stock shall be subject to the express terms of the Preferred Stock
and any series thereof. Each share of Common Stock shall be of equal rank and
shall be identical to every other share of Common Stock. Holders of Common Stock
shall have such rights as are provided herein and by law.
 
     2.2 Voting Rights. Except as expressly required by law or as provided in or
fixed and determined pursuant to Section 1 of this Article FOURTH, the entire
voting power and all voting rights shall be vested exclusively in the Common
Stock. Each holder of shares of Common Stock shall be entitled to one (1) vote
for each share standing in such holder's name on the books of the Corporation.
 
     2.3  Dividends. Subject to Section 1 of this Article FOURTH, the holders of
Common Stock shall be entitled to receive, and shall share equally share for
share, when and as declared by the Board of Directors, out of the assets of the
Corporation which are by law available therefor, dividends or distributions
payable in cash, in property, or in securities of the Corporation."