MANAGEMENT TEAM Jerry Winchester, CEO Served for thirteen years as the President and CEO of Boots & Coots International Well Control, Inc. which was acquired by Halliburton in September 2010 Started his career with Halliburton in 1981…
COMPANY HIGHLIGHTS Large integrated footprint in some of the best returning basins and close proximity to customers Based in Oklahoma City operating in close proximity to some of the most active U.S. unconventional resource…
BUSINESS SEGMENTS AND OUTLOOK TTM 3/31/15 2015 - 2016 Business Description Adjusted Adjusted Adjusted Outlook Drivers Revenue EBITDA EBITDA % Drilling 9 new contracted rigs to be Provides land drilling and drilling-related…
SSE IS WELL POSITIONED FOR CURRENT INDUSTRY TRENDS Current Industry Trend SSE Positioning Full scale development plans of large shale Large, integrated footprint in 8 active basins resources (existing and Shale development…
AREAS OF OPERATIONS Marcellus Shale Niobrara Shale Utica Shale Anadarko Basin Barnett Shale Haynesville Shale Permian Basin Oklahoma City Headquarters Selected Field Offices Eagle Ford Shale Significant footprint…
CUSTOMER DIVERSIFICATION STRATEGY Replicate Nomac success in winning other non CHK business Selected Customers with PTL and Great Plains Nomac revenue from other operators increased to 41% in Q1 2015 compared to 29% in Q1 2014…
BACKLOG AND SERVICE CONTRACT SUMMARY As of March 31, 2015, our contractual backlog was approximately 1.4B, Contracted Revenues by Business Segment 13% of which was related to contracts with operators other than Chesapeake Backlog…
NOMAC DRILLING CURRENT FLEET Currently the 5th largest drilling rig contractor in the U.S. Utica Shale 14 Rigs Nomac has 57 contracted rigs which operate across unconventional plays Marcellus Shale Powder River and DJ 1…
2014 AVG DRILLING DAYS & WELL COUNT FOR HORIZONTAL WELLS UTICA Drilling Contractor Avg Days/Well Well Count Utica: Avg Operated Rigs By Contractor Nomac 17 219 15 A 19 203 Contractors with one rig 21 81 10 B 24 78 C 31 61 Avg Total 20…
NOMAC RIG FLEET COMPARED TO PEERS Working to convert fleet to meet long- US Land Rig Fleet Mix April 2015 term drilling needs of all customers 91% 61% 58% 47% 45% 35% 30% 26% 18% 3% Currently 93% of our Tier 1 rigs and 68% of our…
EVOLUTION OF OUR FLEET Improving tier mix contributes to higher operating margin, continuing to increase with rig newbuilds, conversions, and removal of Tier 3 rigs Based on contracted newbuilds, we expect to own 93 rigs by YE 2015…
PERFORMANCE TECHNOLOGIES Utica Shale 3 spreads Anadarko Basin 3 spreads Eagle Ford Shale 4 spreads PTL Operating Areas (Bubble Size by Spread Count) PTL total fleets as of 3/31/2015 15
PTL OPERATIONS OVERVIEW Provides high-pressure hydraulic fracturing North American Horsepower by Capacity services '000s HHP HAL + BHI 4,625 As of Mar 31, 2015, owned ten hydraulic Other 2,406 fracturing fleets with an aggregate…
HYDRAULIC FRACTURING SUPPLY CHAIN INTEGRATION Own and operate two strategically positioned sand storage and trans Storage and Distribution Facilities load facilities, one in Oklahoma with storage capacity of 140 million pounds and one…
GREAT PLAINS ASSET BASE AND SERVICES Great Plains provides premium rental tools and Air Package specialized services for land-based oil and natural gas drilling, completion, and workover activities Tool Rental Downhole tubular…
GREAT PLAINS CURRENT AND POTENTIAL SERVICE LINES SSE has established and is executing a plan to build out the Great Plains organization to increase utilization Great Plains equipment utilization remained relatively flat from Q4 2014…
SEVENTY SEVEN TRUCKING ASSETS Water Hauling Truck Great Plains provides water transport and disposal service solutions As of March 31, 2015, we owned a fleet of 151 water transport trucks that haul water to and from wells in the…
CORPORATE INFORMATION SSE HEADQUARTERS CORPORATE CONTACTS 77nrg.com Bob Jarvis Senior Director Investor 777 NW 63rd St. Relations and Marketing Oklahoma City, OK 73116 bob.jarvis77nrg.com 405-608-7777 405-935-2572 22
APPENDIX
APPENDIX: RECONCILIATION OF CONSOLIDATED NET INCOME TO ADJUSTED EBITDA Three Months Ended March 31, 2015 2014 (In thousands) Net loss (37,601) (18,557) Add: Interest expense 23,516 14,692 Income tax benefit (16,232) (10,697)…
APPENDIX: RECONCILIATION OF OPERATING CASH TO ADJUSTED EBITDA Three Months Ended March 31, 2015 2014 (In thousands) Cash provided by operating activities 27,513 54,582 Add: Changes in operating assets and liabilities 35,102 (1,628)…
APPENDIX: RECONCILIATION OF DRILLING NET INCOME TO ADJUSTED EBITDA Three Months Ended March 31, 2015 2014 (In thousands) Net income (loss) 479 (2,359) Add: Income tax benefit 207 (1,329) Depreciation and amortization 49,539 34,903…
APPENDIX: RECONCILIATION OF HYDRAULIC FRACTURING NET INCOME TO ADJUSTED EBITDA Three Months Ended March 31, 2015 2014 (In thousands) Net income 6,054 595 Add: Income tax expense 2,613 610 Depreciation and amortization 16,277 18,109…
APPENDIX: RECONCILIATION OF OILFIELD RENTALS NET INCOME TO ADJUSTED EBITDA Three Months Ended March 31, 2015 2014 (In thousands) Net loss (3,509) (2,136) Add: Income tax expense (benefit) (1,515) (1,237) Depreciation and amortization…
APPENDIX: RECONCILIATION OF OILFIELD TRUCKING NET INCOME TO ADJUSTED EBITDA Three Months Ended March 31, 2015 2014 (In thousands) Net loss (12,836) (3,397) Add: Income tax benefit (5,541) (1,871) Depreciation and amortization 5,054…
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