TD SECURITIES 2011 UNCONVENTIONAL ENERGY CONFERENCE July 6-7, 2011 Calgary, Alberta TSX Listing : TCW Trican Well Service Ltd. 2900, 645 - 7th Avenue SW Calgary, Alberta T2P 4G8 Tel: (403) 266-0202 Fax: (403) 237-7716 Web:…
FORWARD LOOKING STATEMENTS This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These forward-looking statements include, among others, the Companys…
OVERVIEW OF TRICAN Large, world-wide, full service REVENUE BY GEOGRAPHY Q1 2011 pressure pumping company Major operating areas 2011 YTD International* revenue 12% Canada USA 27% USA Russia and International Canada Smaller…
STRENGTHS FULL SERVICES Service Line % of Revenue Fracturing 74% Cementing 14% Coiled Tubing 4% Nitrogen 4% Acidizing & Specialty 3% Chemicals Industrial & Pipeline 0.5% Services Geological Services 0.5% 4
COMPETITIVE ADVANTAGES Customer-focused provider of technical solutions Separate ourselves with technology Product development is a quick, customer-focused process Strong regional technical teams that understand the local…
UNCONVENTIONAL RESOURCE TECHNOLOGY
TECHNOLOGY Technology varies by play Canada more technical than USA Canadian geology more complicated than USA Technology stabilizes as plays become more mature It all starts with the rock Trican purchased CBM Solutions in…
TECHNICAL EVOLUTION Increase in fracturing jobs / well Number of Intervals Per Well - Canada 20 Increase in frac revenue per job 18 1Q 2008: 59,500 per frac 16 1Q 2011: 192,000 per frac 14 Increase in horizontal /…
INNOVATION Trican focuses on separating itself with technology Named one of Canadas top 100 Corporate R&D spenders in 2009 SRVmaxTM Integrated technical solution Combines geology, microseismic, frac modelling and reservoir…
INNOVATION BPS - Burst Port System Patented tool technology for multi-zone fracturing Replaces perforating Lowers cost and saves time Limited to coiled tubing fracturing applications EcoClean Fluids Environmentally…
FUTURE SHALE TECHNOLOGY Integrated Solutions Understand the rock shale geological analysis Fracture Mapping thru micro seismic Reservoir drainage analysis Integrated geological, fracture mapping, reservoir, and stimulation…
UNCONVENTIONAL RESOURCES AND TRICAN
EVOLUTION OF CANADA 13
UNCONVENTIONAL RESOURCES GROWTH Effect on Trican Significant growth in fracturing, coiled tubing Shift in R&D focus to shales R&D spend in 2010: 1.4% of revenue One of top 100 R&D spenders in Canada in 2009 Large capital…
TRICAN EQUIPMENT CAPACITY Fracturing HP Growth Large, world-wide pressure pumping company 1,000,000 900,000 725,000 HP current fracturing 800,000 700,000 capacity 600,000 500,000 At end of 2011: 400,000 300,000 200,000…
CANADA GROWTH - 2011 2010 Capital Program - 138 Million Canadian HP Growth Added 101,000 HP fracturing capacity 350,000 2011 Capital Program - 215 M 300,000 250,000 170 Million expansion capital 200,000 62,500 HP…
USA GROWTH - 2011 US HP Growth 600,000 500,000 2010 Capex: 172 Million 400,000 300,000 2011 Capex: 360 Million 200,000 100,000 311 Million expansion capital 0 2007 2008 2009 2010 2011* Adding 200,000 frac capacity…
THE FUTURE
CANADA UNCONVENTIONAL PLAYS Muskwa Shale Horn River FORT NELSON HIGH LEVEL Shale British Columbia Alberta Saskatchewan FORT ST. JOHN Montney RED EARTH Shale GRANDE PRAIRIE Duvernay WHITECOURT Shale HINTON NISKU…
THE FUTURE - CANADA Canada will see improved second 80% Oil as a Percentage of Total Licenses quarters 70% Pad work and large projects improving utilization 60% 50% Increase in oil and liquids-rich 40% gas development…
THE FUTURE - USA USA moving to Oil and Gas Liquids Shales Emerging plays will be developed Activity will remain high through 2012 capacity absorbed Gas shale activity will Significant US Gas Shale Basins decrease and…
SHALE GAS WORLD WIDE Any major producing basin will be a prospective shale play
ESTIMATES OF WORLD WIDE DISTRIBUTION OF UNCONVENTIONAL GAS RESOURCES US NPC SPE 68755
GAS SHALE EXPLORATION IN EUROPE
TD SECURITIES 2011 UNCONVENTIONAL ENERGY CONFERENCE July 6-7, 2011 Calgary, Alberta TSX Listing : TCW Trican Well Service Ltd. 2900, 645 - 7th Avenue SW Calgary, Alberta T2P 4G8 Tel: (403) 266-0202 Fax: (403) 237-7716 Web:…
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