Global Hunter Securities GHS 100 Energy Conference June 23, 2015
Patterson-UTI Energy is a leading provider of contract drilling and pressure pumping services 1 Contract Drilling High quality fleet of land drilling rigs including 156 APEX rigs Leader in walking rig technology for pad…
Pressure Pumping High quality fleet of modern pressure pumping equipment A leader in natural gas bi-fuel technology Strong reputation for regional knowledge and efficient operations Components of Revenue Pressure Contract…
Improved Performance U.S. Rig Count Downturn 120% 100% 80% Total Baker Hughes U.S. Land Rig Count: -53% 60% 40% 20% 2008 - 2009 Total PTEN U.S. Rig Count: -77% 0% 120% 100% 80% Total PTEN U.S. Rig Count: -47%…
APEX Rig Fleet APEX Rigs as of June 12, 2015 and Expected as of December 31, 2015 Class 6/12/2015 12/31/2015 APEX-XK 1500 48 53 APEX-XK 1000 4 4 APEX WALKING 49 49 APEX 1500 44 44 APEX 1000 11 11 Total APEX Rigs 156 161 A…
Patterson-UTI Energy the impact of APEX rigs has been transformative Increasing APEX Drilling Activity Active APEX Rig Count 160 140 120 100 80 60 40 20 0 10 5
PTEN Relative Active Rig Count by Rig Class APEX Other Electric Mechanical 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 11 Greater Stability of Utilization APEX Rig Utilization 120% 100% 80% 60% 40% 20%…
Improving Average Rig Revenue Per Day Patterson-UTI Total Average Rig Revenue Per Day 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 13 Excludes early-termination revenues during the third and fourth…
Patterson-UTI Energy the APEX rig outlook remains strong Continued Demand for APEX Rigs U.S. Rig Count % by Drilling Type 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% % Horizontal % Vertical 16 Source: Baker Hughes North…
Continued Demand for APEX Rigs Total U.S. Horizontal Rig Count by Power Type Mechanical SCR AC AC-powered rigs have increased as a percentage of the horizontal rig count 17 Analysis from Patterson-UTI Energy based on data…
APEX WALKING Rigs Capable of walking with drill pipe and collars racked in the mast Full multi-directional walking capability Walking times average 45 minutes for 10 15 well spacing 19 19…
The APEX-XK Enhanced mobility including more efficient rig up and rig down Greater clearance under rig floor for optional walking system Advanced environmental spill control integrated into drilling floor Minimized number of…
Enhancing our Position in Pad Drilling http://patenergy.com/drilling/technology 23 23 Early Adopter of Natural Gas Engines http://patenergy.com/drilling/technology 24 24 12
Pressure Pumping Growing Pressure Pumping Business Investments in Pressure Pumping Have Increased Fleet Size and Quality Pressure Pumping Horsepower (000s) 1,100 1200 1000 800 600 400 65 200 0 2006 2007 2008 2009 2010…
Pressure Pumping Areas A Significant Player in Regional Markets Fracturing Horsepower 33% 67% Northeast Region: Fracturing horsepower: 326,300 Southwest Region: Other horsepower: 55,400 Fracturing horsepower: 663,800 Other…
A Leader in Bi-Fuel Technology http://patenergy.com/pressurepumping/services 29 29 A Leader in Bi-Fuel Technology One of the largest bi-fuel frac fleets in the Marcellus Approximately 1,950 stages completed using natural…
Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 1,229 976 1,012 974 710 637 662 598 445 453 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E Year End 33 2015 Capital expenditure forecast…
Strong Financial Position Total Liquidity ( in millions) Line of Credit Availability Cash 2006 2007 2008 2009 2010 2011 2012 2013 2014 1Q15 Period End 35 Liquidity defined as end of period cash plus availability under…
Why Invest in Patterson-UTI Energy Continuing Transformation Committed to high-spec land rigs where demand remains strong Creating value through focus on well site execution Technology leader Leader in walking rigs for pad…
Investing in Our Drilling Rig Fleet Contract Drilling Capital Expenditures and Acquisitions ( in millions) 785 772 745 656 531 540 520 505 395 361 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E More than 5 billion…
Strong Financial Position Total liquidity of approximately 587 million 86.9 million of cash at March 31, 2015 500 million revolver availability at April 27, 2015 793.1 million net debt at March 31, 2015 21.5% Net Debt/Total…
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) (dollars in thousands) 2014 2013 2012 2011 2010 Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted…
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