Why Invest in Patterson-UTI Energy Technology leader Leader in walking rigs for pad drilling Innovator in use of natural gas as a fuel source for both drilling and pressure pumping Customer focused Solid relationships with broad…
Contract Drilling High quality fleet of land drilling rigs including 123 APEX rigs Leader in walking rig technology for pad drilling applications Large footprint across North American drilling markets Components of Revenue…
Contract Drilling Continued Demand for APEX Rigs Percentage of Horizontal Wells Continues to Increase Baker Hughes U.S. Rig Count 80% % by Drilling Type 70% 60% 50% 40% 30% 20% 10% 0% 2003 2004 2005 2006 2007 2008 2009…
APEX Rig Fleet APEX Rigs as of December 3, 2013 and Expected as of December 31, 2014 Class 12/3/2013 12/31/2014 APEX-XK 1500 16 36 APEX-XK 1000 4 4 APEX WALKING 48 49 APEX 1500 44 44 APEX 1000 11 11 Total APEX Rigs 123 144…
APEX WALKING Rigs Capable of walking with drill pipe and collars racked in derrick Full multi-directional walking capability Walking times average 45 minutes for 10 15 well spacing…
APEX-XK Rig Walking on Pad Video of APEX-XK Rig http://patenergy.com/drilling/technology/apexwalk/ 13 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 15 Enhancing our Position in Pad Drilling…
Early Adopter of Natural Gas Engines http://patenergy.com/drilling/technology 17 Using Natural Gas as a Fuel Source First contract driller to use GEs Waukesha natural gas engines on a modern land rig 23 rigs currently…
Large Geographic Footprint PTENs Active U.S. Land Drilling Rigs as of December 2013 Rockies 30 Rigs Appalachia & Midwest Mid-Continent 32 Rigs North Texas 20 Rigs 4 Rigs East Texas Permian Basin 12 Rigs 52 Rigs…
A Leader in Bi-Fuel Technology Engines can burn a fuel mix comprised of up to 70% natural gas Comparable torque and horsepower as an all diesel engine Reduces operating costs by lowering fuel costs Good for environmental…
A Leader in Bi-Fuel Technology One of the largest bi-fuel frac fleets in the Marcellus More than 400 stages completed using natural gas as a fuel source Replaced more than 112,000 gallons of diesel with cleaner burning natural…
Financial Flexibility Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 1,012 976 974 750 637 598 445 453 2006 2007 2008 2009 2010 2011 2012 2013E 26 13
Strong Financial Position History of returning capital to investors Stock Buyback Repurchased 256 million of our common stock between 2Q12 and 3Q13 at an average price of 17.33 Approximately 188 million remaining authorization as…
Patterson-UTI Energy, Inc. Cowen and Company 3rd Annual Ultimate Energy Conference December 3, 2013 Additional References 15
Active in Unconventional Plays PTENs Active Rigs in Unconventional Areas as of December 2013 Bakken 17 Rigs Marcellus 22 Rigs Utica 10 Rigs Piceance 4 Rigs Woodford 1 Rig Barnett 1 Rig Haynesville 8 Rigs Eagle Ford…
Growing Pressure Pumping Business Recent Investments in Pressure Pumping Have Increased Fleet Size and Quality 760 Pressure Pumping Horsepower 800 600 (000s) 65 400 200 0 2006 2007 2008 2009 2010* 2011 2012 2013E…
Modern Pressure Pumping Fleet PTEN Fracturing Horsepower by Age As of September 30, 2013 10 Years 6% 5 - 10 Years…
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) Three Months Ended Nine Months Ended (dollars in thousands) September 30, September 30, 2013 2012 2013 2012 Earnings Before Interest,…
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