Patterson-UTI Energy is a leading provider of contract drilling and pressure pumping services 1 Contract Drilling High quality fleet of land drilling rigs including 155 APEX rigs Leader in walking rig technology for pad…
Pressure Pumping High quality fleet of modern pressure pumping equipment A leader in natural gas bi-fuel technology Strong reputation for regional knowledge and efficient operations Components of Revenue Pressure Contract…
Improved Performance U.S. Rig Count Downturn 120% 100% 80% Total Baker Hughes U.S. Land Rig Count: -45% 60% 40% 20% 2008 - 2009 Total PTEN U.S. Rig Count: -68% 0% 120% 100% 80% Total PTEN U.S. Rig Count: -43%…
APEX Rig Fleet APEX Rigs as of May 19, 2015 and Expected as of December 31, 2015 Class 5/19/2015 12/31/2015 APEX-XK 1500 47 53 APEX-XK 1000 4 4 APEX WALKING 49 49 APEX 1500 44 44 APEX 1000 11 11 Total APEX Rigs 155 161 A…
Patterson-UTI Energy the impact of APEX rigs has been transformative Increasing APEX Drilling Activity Active APEX Rig Count 160 140 120 100 80 60 40 20 0 10 5
PTEN Relative Active Rig Count by Rig Class APEX Other Electric Mechanical 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 11 Greater Stability of Utilization APEX Rig Utilization 120% 100% 80% 60% 40% 20%…
Improving Average Rig Revenue Per Day Patterson-UTI Total Average Rig Revenue Per Day 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 13 Excludes early-termination revenues during the third and fourth…
Patterson-UTI Energy the APEX rig outlook remains strong Continued Demand for APEX Rigs U.S. Rig Count % by Drilling Type 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% % Horizontal % Vertical 16 Source: Baker Hughes North…
Continued Demand for APEX Rigs Total U.S. Horizontal Rig Count by Power Type Mechanical SCR AC AC-powered rigs have increased as a percentage of the horizontal rig count 17 Analysis from Patterson-UTI Energy based on data…
APEX WALKING Rigs Capable of walking with drill pipe and collars racked in the mast Full multi-directional walking capability Walking times average 45 minutes for 10 15 well spacing 19 19…
APEX-XK Rig Walking on Pad Video of APEX-XK Rig http://patenergy.com/drilling/technology/apexwalk/ 21 21 The APEX-XK Enhanced mobility including more efficient rig up and rig down Greater clearance under rig floor for…
Enhancing our Position in Pad Drilling Walking Systems Can be Added to Any Rig in Our Fleet Allowing for True Multi-Directional Pad Drilling Capabilities 23 23 Enhancing our Position in Pad Drilling…
Early Adopter of Natural Gas Engines http://patenergy.com/drilling/technology 25 25 Pressure Pumping 13
Growing Pressure Pumping Business Investments in Pressure Pumping Have Increased Fleet Size and Quality Pressure Pumping Horsepower (000s) 1,100 1200 1000 800 600 400 65 200 0 2006 2007 2008 2009 2010 2011 2012 2013 2014…
A Leader in Bi-Fuel Technology Engines can burn a fuel mix comprised of up to 70% natural gas Comparable torque and horsepower to an all diesel engine Reduces operating costs by lowering fuel costs Good for environmental…
Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 1,229 976 1,012 974 710 637 662 598 445 453 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E Year End 33 2015 Capital expenditure forecast…
Strong Financial Position Total Liquidity ( in millions) Line of Credit Availability Cash 2006 2007 2008 2009 2010 2011 2012 2013 2014 1Q15 Period End 35 Liquidity defined as end of period cash plus availability under…
Why Invest in Patterson-UTI Energy Continuing Transformation Committed to high-spec land rigs where demand remains strong Creating value through focus on well site execution Technology leader Leader in walking rigs for pad…
Investing in Our Drilling Rig Fleet Contract Drilling Capital Expenditures and Acquisitions ( in millions) 785 772 745 656 531 540 520 505 395 361 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E More than 5 billion…
Term Contract Coverage Based on term contracts in place as of April 23, 2015 An average of 101 rigs expected under term contract in the second quarter of 2015 An average of 83 rigs expected under term contract during the last three…
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) Three Months Ended Twelve Months Ended (dollars in thousands) March 31, December 31, 2015 2014 2014 2013 Adjusted Earnings Before…
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