2018 Bank of America Merrill Lynch Leveraged Finance Conference December 4, 2018 J. Marshall Dodson Senior Vice President and Chief Financial Officer 1
Company Overview 3
Key Service Offering Overview + Key offers a full suite of services across the life of a well providing for multiple touch points and an enhanced value proposition to customers Drilling Completion Production Intervention…
Service Line and Geographic Exposure + Production-driven services First Nine Months 2018 Revenue revenue comprises majority of year-to-date 2018 12% revenue 15% + Growth in coiled tubing and 24hr well service rig 56% completion…
Rig Services Overview + Largest well service rig fleet in the U.S. First Nine Months 2018 Top Customers + Completion of newly-drilled horizontal and vertical wellbores + Recompletion of existing wellbores + Maintenance of producing…
Conventional and Unconventional Capabilities Total WellService Total Well ServiceRigRig Fleet Fleet - 879Class by AESC Rigs 41% 521 358 Rigs Rigs 59% Class I/II/III Class IV/V/VI Specification 1-3 4+ Derrick Height…
Fishing & Rental Service Overview First Nine Months 2018 Top Customers + Extensive array of rental equipment and services including: Tubular handling systems Drill pipe Work string and tubulars Pumps Sand-X system Blowout…
Fluid Management Services Overview First Nine Months 2018 Top Customers + Transportation of fluids used in the drilling and completion process + Transportation of frac flowback and produced water from completed or producing…
Water Demand Overview Frac Water Demand(1) + Significant growth in water 8.0 volume per completed well 7.0 Frac water demand up 60%... Billion Bbls of Water driving total fresh water and 6.0 flowback water demand 5.0 4.0…
Coiled Tubing Services Overview First Nine Months 2018 Top Customers + Completion of newly drilled horizontal wellbores pre and post hydraulic fracturing + Maintenance of producing wellbores + Plugging and abandonment of depleted…
Coiled Tubing Market Overview DUC Inventory by Market(1) + DUC inventory yields visibility for coiled tubing frac plug mill- 8,000 32% growth in DUC 7,000 well count in 2017 out opportunities 6,000 DUC Inventory 5,000 +…
Balance Sheet & Liquidity Balance Sheet & Liquidity As Reported + Significant liquidity ( in milions) 9/30/2018 position with no near- Cash & cash equivalents 43.30 term debt maturities provides financial Total Debt, including…
Final Thoughts + Well positioned for future growth through exposure to secular growth and cyclical recovery Completions driving demand for Coiled Tubing, Fluid Management and Rig Services Growing population of aging horizontal…
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