3Q14 Earnings Presentation October 22, 2014 Presenters: Anthony G. Petrello Chairman, President & Chief Executive Officer William Restrepo Chief Financial Officer
Important Additional Information In connection with the proposed transactions, Nabors Red Lion Limited (which will be renamed C&J Energy Services Ltd. as of the closing of the proposed transaction) (Red Lion) has filed with the SEC a…
Combination of Nabors Completion & Production Services with C&J Energy Services Update S-4 Filed (Sept. 29) Expected close around year end Combination creates: 5th largest stimulation fleet in North America Largest fluids management…
Improving Financial Flexibility High 2Q14 Current Change Change (MM's) 3/31/12 6/30/14 9/30/14 High-3Q14 2Q14-3Q14 Total Debt 4,773 3,956 4,255 (518) 299 Cash and ST Investments 494 486 465 (29) (21) Net Debt 4,279 3,470 3,791 (488)…
Significant Rig Awards Date Country/Type Awards 2012 U.S. PACE-X 17 1Q13 U.S. PACE-X 2 U.S. PACE-X 2 Argentina 6 2Q13 Kurdistan 2 Kazakhstan 1 U.S. PACE-X 8 3Q13 Saudi Arabia 11 Mexico 2 1Q14 U.S. PACE-X 3 2Q14 U.S. PACE-X…
Recent Asset Sales 3Q14 Asset Sales Alaska E&P 2 Barge Rigs 2Q14 Asset Sales 3 Barge Rigs 1 Jack-Up Cash proceeds from all sales Received: 81 Million (as of 3Q14) Scheduled: 27 Million Total: 108 Million Does not include…
Drilling & Rig Services 10
3Q14 Rig Utilization & Availability 3Q14 Rig Average Rig Fleet(1) Years Utilization U.S. Lower 48 AC 160 152 95% Legacy 114 50 44% U.S. Lower 48 Total 274 202 73% U.S. Offshore 18 9 58% Alaska 19 5 26% Canada 64 34 53%…
U.S. Rig Utilization Power Type and Pad Capability Walking Skidding Pad Capable Not Pad Capable Total Working Total Util. Working Total Util. Total Working Total Util. AC 98 103 95% 18 18 100% 96% 37 39 95% 96% SCR 5 6 83% 10 12…
PACE-X Rig Deployments & Rig Years 40 35 30 26 PACE-X Rig Years through 3Q14 25 20 15 10 5 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 E Deployments Cumulative Deployments Cumulative Rig Year PACE-X rig economic…
Drilling Ahead Next 5 Years Nabors Global Market Study North America Summary 2-4% - projected NAM total rig demand CAGR 5-7% - projected High Spec rig demand CAGR 10-12% - projected Ultra High Spec rig demand CAGR Accelerating…
Current International Working Rigs Algeria 10 Ecuador 6 Kurdistan 2 Romania 1 Angola 1 India 3 Kuwait 2 Russia 6 Argentina 22 Iraq 1 Mexico 8 Saudi Arabia 36 Colombia 8 Italy 1 Oman 5 Venezuela 5 Congo 1 Kazakhstan 2 PNG 2 Yemen…
Key Takeaways U.S. Drilling benefitting from PACE-X deployments and tight high-spec rig market International benefitting from new rig deployments, re-pricing, and additional contract awards Larger high-impact, global opportunity…
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