DUVERNAY THE NEXT BIG PLAY PETERS & CO. LIMITED 2012 NORTH AMERICAN OIL AND GAS CONFERENCE North American Oil Development Toronto, ON September 11-13, 2012
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 2012 REVENUE BY GEOGRAPHY as of June 30, 2012 pressure pumping company International 12% International Russia (majority) Kazakhstan Algeria 51% 37% Canada Australia…
TRICAN STRENGTHS 1,082,000 HP current fracturing Fracturing HP Growth capacity 1,400,000 1,200,000 At end of 2012: 1,000,000 1,197,000 HP fracturing 800,000 capacity 600,000 400,000 92 Cement & 34 Acid Units…
COMPETITIVE ADVANTAGES Customer-focused provider of technical solutions Separate ourselves with technology Named one of Canadas top 100 Corporate R&D spenders in 2011 (by Research Infosource Inc.) Product development is a…
EMERGING PLAYS Horn River FORT NELSON HIGH LEVEL Shale British Columbia Alberta Saskatchewan Manitoba Nordegg Montney FORT ST. JOHN Shale Shale RED EARTH Duvernay GRANDE PRAIRIE Shale WHITECOURT HINTON NISKU LLOYDMINSTER…
EMERGING PLAYS NORMAN WELLS FT LIARD 11
EMERGING CANADIAN PLAYS Area Fox Creek, Rimbey S AB, SK, Montana, Central AB Rainbow Western Alberta Central AB N Dakota Formation Duvernay Bakken Second White Specks Muskwa Montney/Doig Nordegg Depth (m) 2000-3000 1500-2000…
DUVERNAY THE NEXT BIG PLAY
TRICAN AND DUVERNAY Similar permeability to Eagle Ford shale in USA Has oil, liquids and dry gas windows Trican Geological Services has been involved in the Duvernay for a number of years Have published and sold three…
DUVERNAY FRACTURING Fracturing fluids: slick waters, crosslinked fluids, combination of slick and crosslinked fluids and other experimental fluids involved Proppant: sand, resin-coated proppant and ceramics Stages: 12 to 28…
DUVERNAY FRACTURING Fluid/ stage: approximately 1000m3 - lots of variation Proppant /stage: public data 100 tonnes per stage with a lot of variety between companies from 60 to 200 tonnes Fracturing technique plug and perf…
DUVERNAY IMPACT ON TRICAN Largest land buy in Alberta history Large number of customers involved Over 6,000 potential drilling locations Source: geoSCOUT, Company reports, Macquarie Research, August 2011 17
DUVERNAY IMPACT ON TRICAN Pressure pumping revenue from 2 to 4 million per well Full scale development could be 500 wells per year 300,000 to 400,000 HP per year 18
CANADA GROWTH - 2012 Canadian HP Growth 2012 Capex: 128 million 450,000 400,000 92,500 HP 350,000 3 Cementing units 300,000 250,000 5 N2 Pumpers 200,000 150,000 2 Acid Units 100,000 414,000 HP by end of 2012…
GEOGRAPHIC COVERAGE US OPERATIONS Mississippi Lime WOODWARD Woodford Shale Fayetteville Shale Oklahoma City SEARCY SHAWNEE OKLAHOMA Wolfcamp / Little Rock Sprayberry ARKANSAS Shale Smackover / Brown Dense DENTON SPRINGTOWN…
GEOGRAPHIC COVERAGE US OPERATIONS Marcellus Shale: 2 crews Bakken Shale: 1 crew MINOT Current Bakken Shale USA HP: 585,000 NORTH DAKOTA Utica Shale Niobrara MILL HALL Shale Marcellus PENNSYLVANIA Shale 21
EMERGING US PLAYS Area South Texas NE Colorado/ Central Louisiana Northern Ohio Permian Oklahoma/Kansas/ SE Wyoming Louisiana North TX Formation Pearsall Niobrara Tuscaloosa Smackover-Brown Utica WolfCamp/ Mississippi Lime Dense…
USA GROWTH - 2012 US HP Growth 700,000 600,000 Fracturing capacity after 2012 500,000 build: 670,000 HP 400,000 300,000 200,000 Proposed 2012 Capex: 272 100,000 million 0 2007 2008 2009 2010 2011 2012* 100,000 HP (3…
DUVERNAY THE NEXT BIG PLAY PETERS & CO. LIMITED 2012 NORTH AMERICAN OIL AND GAS CONFERENCE North American Oil Development Toronto, ON September 11-13, 2012