Peters & Co North American Oil and Gas Conference Jeff Newman - CFO September 14, 2011 TSX: ESN Essential Energy Services
Essential Energy Services Active in the major resource plays in the WCSB Largely focused on oil and liquids-rich natural gas with a strong unconventional focus Overview Coil tubing: largest coil tubing well service fleet in the WCSB;…
Servicing the Spectrum Deep Coil Tubing Shallow / Intermediate Coil Tubing Service Rigs Downhole Tools Conventional Unconventional TSX:ESN TSX: ESN EssentialEnergy Essential EnergyServices ServicesLtd. Ltd. 4
Technicoil Acquisition May 31/11 Operational Benefits Added the largest masted coil tubing fleet in Canada Added a sizeable fluid pumper fleet Increased Essentials service rig fleet Expanded the customer base Natural Fit…
Operating Efficiencies with TEC Broader infrastructure (shops/yards) Pricing opportunities for deep coil and service rigs Efficient coil tubing dispatch with fit for purpose size and depth of coil rig Reduced 3rd party expenses for…
Operating Assets At Dec 31/11(1) Canada Colombia Total Coil Tubing Rigs 49 2 51 Nitrogen Pumpers 10 2 12 Fluid Pumpers 15 - 15 Service Rigs 58 1 59 (1) Equipment count anticipated at Dec 31/11 Other equipment Core: downhole…
Investing in High Demand Equipment Capital Spending (millions) 2011 2012(1) 2013(1) Growth 38 12 2 Maintenance 16 Infrastructure 2 Total 56 New Assets in Service Deep coil 1 2 1 Shallow to intermediate coil conversions 4 - -…
EBITDA 100 91 million 80 68 million 9 Millions 60 55 million 45 million 91 26 40 16 59 17 million 20 29 7 29 10 0 2008(1) 2009 2010 2011E(2) 2012E(3) ESN TEC (1) Essential 2008 is pro forma full year for…
Operations Throughout the WCSB TSX:ESN TSX: ESN EssentialEnergy Essential EnergyServices ServicesLtd. Ltd. 10
Well Servicing Coil Tubing Directional and horizontal wells Rigless completions, cleanouts 24 hour operations for deep rigs Nitrogen stimulation of coalbed methane Hourly rate varies by depth Equipment Count 30 20 27 23…
Coil Tubing Well Service Rig Type Number of Rigs Max. Depth(m) Deep (conventional & 23 6,600 masted) Shallow / intermediate 27 2,500 Essential services a wide variety of well types - conventional and unconventional Deep: rig-less…
Well Servicing - Pumpers Support the coil tubing fleet by providing circulation through coil tubing Deep coil jobs requires nitrogen and/or fluid pumping on every job Recent builds replace the need for sub-contracted equipment…
Well Servicing Service Rigs Completions, workovers Production services, abandonments Quality rig fleet and crews Heavy oil/SAGD Equipment Count 40 30 20 38 10 21 0 Singles Doubles TSX:ESN TSX: ESN 14…
Service Rigs Eventually all wells (vertical and horizontal) require a service rig Focused on oil and liquids-rich natural gas work Broad geographic footprint that services the major resource plays YTD utilization of 45% strong…
Downhole Services & Rentals Focused on the completion, production and specialty downhole tool markets Unconventional: multi-stage fracturing on horizontal wells Replace with Conventional: new graphic downhole tools and drilling…
Tryton MSFS Essentials fastest growing service Tryton MSFS revenue: YTD Q2/11 = 16 MM; YTD Q2/10 = 5 MM Specialized downhole tools to isolate and fracture multiple zones in a horizontal well Used in the Cardium, Viking, Bakken,…
Colombian Operations Operations commenced in Q2/11 for Ecopetrol S.A. Colombias national oil company Equipment in-country includes: 2 coil tubing rigs 2 nitrogen pumpers 1 service rig 3 rod rigs 2 wireline trucks Total fair value…
Share Data Shares at Sept 7/11: Market capitalization 219 million Trading price 1.78 Shares outstanding 123 million 52-week range 1.26 - 2.50 52-week average daily volume approx. 260,000 Long-term debt Aug 10/11 77 million Enterprise…
Why Invest in Essential Active in the major resource plays in the WCSB Largely focused on oil and liquids-rich natural gas with a strong unconventional focus Equipment and services directed at horizontal wells Growing tool business…
Contact Information Garnet Amundson President & CEO Jeff Newman Chief Financial Officer Karen Perasalo Investor Relations 1100, 250 2nd Street SW Calgary, Alberta T2P 0C1 Telephone: (403) 513-7272 E-Mail:…
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