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ANALYST DAY – Superior Energy Services, Inc.

Superior Energy Services, Inc. · Nov 11, 2013 · 80 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ANALYST DAY – Superior Energy Services, Inc. – slide 1
  2. ANALYST DAY – Superior Energy Services, Inc. – slide 2
    SPN Investor Day: A Global Perspective Introduction International SPN 2013 Analyst & Investor Offshore Day U.S. Land SPN 2013 Analyst & Investor Day: A Global Perspective
  3. ANALYST DAY – Superior Energy Services, Inc. – slide 3
    Introduction Objectives Access to broad range of management Overview of business strategy International expansion Operational execution Generate stable/consistent cash flows Progress on achieving business strategy through…
  4. ANALYST DAY – Superior Energy Services, Inc. – slide 4
    Introduction Agenda International Overview Discussion of Target Markets International Organizational Structure (2:30 4:00) Keys to Success Questions and Answers Session 15-minute Break Premium Drill Pipe Overview Offshore…
  5. ANALYST DAY – Superior Energy Services, Inc. – slide 5
    Introduction Safety Check In case of an emergency we will be asked to evacuate the building via the public address system. Please evacuate through the nearest accessible exits which are located at the front of the room. You may…
  6. ANALYST DAY – Superior Energy Services, Inc. – slide 6
    Introduction Executive Management Team Robert Taylor, Chief Financial Officer and Executive Vice President Bill Masters, Executive Vice President and General Counsel Administrative Danny Young, Executive Vice President Corporate…
  7. ANALYST DAY – Superior Energy Services, Inc. – slide 7
    Introduction Global Perspective of Superior Energy Services 8
  8. ANALYST DAY – Superior Energy Services, Inc. – slide 8
    Cash Flow from Diverse U.S. Service Mix Introduction Supports International Expansion Gulf of Mexico U.S. Land International Deepwater growth Multiple products and services across all major basins Early stages of growth…
  9. ANALYST DAY – Superior Energy Services, Inc. – slide 9
    Introduction Legacy Markets Legacy Markets: United Kingdom, Norway, Continental Europe, Mexico, Trinidad, Ecuador, Peru, and Venezuela Represent approximately 35% of international revenue 10
  10. ANALYST DAY – Superior Energy Services, Inc. – slide 10
    Introduction Core Markets Core Markets: Argentina, Brazil, Colombia, Australia, Indonesia, Malaysia, Saudi Arabia, Kuwait, and India Represent approximately 40% of international revenue 11
  11. ANALYST DAY – Superior Energy Services, Inc. – slide 11
    Introduction Hot Spot Markets Hot Spot Markets: Ghana, Angola, Nigeria, and Thailand Represent approximately 10% of international revenue 12
  12. ANALYST DAY – Superior Energy Services, Inc. – slide 12
    Introduction Stretch Markets Stretch Markets: Kurdistan, Russia, China, Egypt, Libya, and Algeria Represent less than 1% of international revenue 13
  13. ANALYST DAY – Superior Energy Services, Inc. – slide 13
    Introduction Organized to Maximize Executive Focus on Expansion Executive Brian Moore Westy Ballard Pat Bernard Guy Cook Title SEVP North America Svcs. EVP International Svcs. SEVP SubTech EVP Rental Tools Geographic North…
  14. ANALYST DAY – Superior Energy Services, Inc. – slide 14
    International Overview Westy Ballard Executive Vice President Introduction International SPN 2013 Analyst & Investor Offshore Day U.S. Land SPN 2013 Analyst & Investor Day: A Global Perspective
  15. ANALYST DAY – Superior Energy Services, Inc. – slide 15
    International Key Messages to Remember Today Balanced & Flexible Approach Diverse geographical footprint to mitigate concentration in one region Broad portfolio of products to reduce exposure to one part of well lifecycle Execution…
  16. ANALYST DAY – Superior Energy Services, Inc. – slide 16
    International Our Approach Opportunity Strategy Structure Execution 17
  17. ANALYST DAY – Superior Energy Services, Inc. – slide 17
    International The Opportunity Total Global oilfield products & services spend is estimated to be 386B and growing 7% per year Total Global Spend - 386 B Our Opportunity Our Current Share INTERNATIONAL Oilfield Services Market 35…
  18. ANALYST DAY – Superior Energy Services, Inc. – slide 18
    International Our Strategy Market Considerations Capabilities Alignment Competitive Landscape Geopolitical Considerations STRETCH Financial Return Forecast HOT LEGACY CORE HOT SPOTS STRETCH Risk SPOTS U.K. Argentina Ghana…
  19. ANALYST DAY – Superior Energy Services, Inc. – slide 19
    International Our Speakers Legacy Markets Guy Cook- Drilling Products & Services Core Markets Westy Ballard- International Services Carlos Cervo- Latin America Ruud Boendermaker- Asia Pacific Hot Spot Markets Guy Cook-…
  20. ANALYST DAY – Superior Energy Services, Inc. – slide 20
    International LEGACY Markets Our Capabilities Drilling Products & Services Specialty Tubulars Accommodations Bottom Hole Assemblies Production Services Coiled Tubing Subsea & Technical Solutions Well Control Pressure Control…
  21. ANALYST DAY – Superior Energy Services, Inc. – slide 21
    International CORE Markets Middle East Our Capabilities Customer Insights Drilling Products & Services High pressure well environment Premium Drill Pipe & Landing Strings Paradigm shift in Aramco contracting Pressure Control…
  22. ANALYST DAY – Superior Energy Services, Inc. – slide 22
    International LATIN AMERICA OVERVIEW CARLOS CERVO 33 YEARS EXPERIENCE SCHLUMBERGER, BAKER HUGHES 23
  23. ANALYST DAY – Superior Energy Services, Inc. – slide 23
    International CORE Markets Argentina Footprint Customer Insights Site Locations: Buenos Aires, Neuquen, Rincon de los Market driven by well intervention; production Sauces, Mendoza, Comodoro Rivadavia, Caadn Seco, increase from…
  24. ANALYST DAY – Superior Energy Services, Inc. – slide 24
    International CORE Markets Brazil Footprint Customer Insights Site Locations: Rio de Janeiro, Maca, Pojuca, Pre-salt development pushed forward Carmpolis, Aracaj, Mossor Increase in offshore well completions Employees: 289 Early…
  25. ANALYST DAY – Superior Energy Services, Inc. – slide 25
    International CORE Markets Colombia Footprint Customer Insights Site Locations: Bogota, Yopal, Neiva, Field rejuvenation need Barrancabermeja, Villavicencio, Briceo, Pacific Rubiales Compound Well intervention Employees: 242…
  26. ANALYST DAY – Superior Energy Services, Inc. – slide 26
    International ASIA PACIFIC OVERVIEW RUUD BOENDERMAKER 28 YEARS EXPERIENCE HALLIBURTON 27
  27. ANALYST DAY – Superior Energy Services, Inc. – slide 27
    International CORE Markets Australia Footprint Customer Insights Site Locations: Perth, Toowoomba, Sale Lower than anticipated gas production from CSG wells Employees: 149 requires more wells to be drilled in both QLD and Cooper…
  28. ANALYST DAY – Superior Energy Services, Inc. – slide 28
    International CORE Markets Malaysia Footprint Customer Insights Site Locations: Kuala Lumpur, Kemaman, Labuan Marginal Fields and EOR Projects looking for cost Employees: 24 effective solutions, i.e. rigless side track prep, slot…
  29. ANALYST DAY – Superior Energy Services, Inc. – slide 29
    International CORE Markets Indonesia Footprint Customer Insights Site Locations: Jakarta, Balikpapan Shift from Oil to Gas and shallow water to deepwater Employees: 38 Well P&A and Decommissioning opportunities across Indonesia…
  30. ANALYST DAY – Superior Energy Services, Inc. – slide 30
    International HOT SPOTS MARKETS OVERVIEW GUY COOK 31
  31. ANALYST DAY – Superior Energy Services, Inc. – slide 31
    International HOT SPOTS Markets Our Capabilities Drilling Products & Services Premium Drill Pipe & Landing Strings Bottom Hole Assemblies Accommodations Specialty Rentals Subsea & Technical Services Completion Tools & Services…
  32. ANALYST DAY – Superior Energy Services, Inc. – slide 32
    International STRETCH Markets Areas Under Consideration Kurdistan Russia China Egypt Libya Algeria 33
  33. ANALYST DAY – Superior Energy Services, Inc. – slide 33
    International New Market Entry Pathfinder Team Designed to establish beach-heads in markets Finance identified as strategic Clearing house for all business units to Facilities Treasury interact with prior to beginning operations…
  34. ANALYST DAY – Superior Energy Services, Inc. – slide 34
    International Hybrid Operating Model Approach Benefits Decentralized business development & operations Adaptable and timely business development and supported by centralized back office operations to address fluid and disorderly…
  35. ANALYST DAY – Superior Energy Services, Inc. – slide 35
    International Why We Will be Successful Superiors positioning as the only true mid-market services provider affords us significant advantages over small and large cap providers Tremendous incremental revenue opportunity roughly 4%…
  36. ANALYST DAY – Superior Energy Services, Inc. – slide 36
    International International Revenue 1,000 in millions Total International Revenue Drilling Products and Services International Revenue 800 600 400 200 27% 0 2005 2006 2007 2008 2009 2010 2011 2012 2013E (1) (1) 2013E is…
  37. ANALYST DAY – Superior Energy Services, Inc. – slide 37
    International International Opportunity International Revenue Compound Annual Growth Rate: 31% 1,400 in millions 1,200 1,000 800 Next 3 Years Estimated CAGR: 600 15-20% 400 200 0 2005 2006 2007 2008 2009 2010 2011 2012…
  38. ANALYST DAY – Superior Energy Services, Inc. – slide 38
    International Fit for PurposeAround the Globe 39
  39. ANALYST DAY – Superior Energy Services, Inc. – slide 39
    International QUESTIONS 40
  40. ANALYST DAY – Superior Energy Services, Inc. – slide 40
    Workstrings International Drill Pipe is a Design, Not Just a Rental Greg Elliott and Leianne Sanclemente Engineering Solutions Introduction SPN 2013 International Analyst & Investor Day U.S. Land Offshore SPN 2013 Analyst &…
  41. ANALYST DAY – Superior Energy Services, Inc. – slide 41
    Offshore Drill Pipe is a Design Challenging Well Plans Project Design Approach Correct Tubulars Proper Quality of the Equipment to Ensure Quality Performance Engineering Solutions, Design and Support, to Meet the…
  42. ANALYST DAY – Superior Energy Services, Inc. – slide 42
    Offshore Typical Wells 20 yrs Ago Water Depth Normal 50 300 Ft Deep Water was 800 1000 Ft Well Depths Normal 8,000 12,000 Ft Deep was 15,000 Ft Well Paths Typically Vertical to 40 degrees Difficult Directional 45 43
  43. ANALYST DAY – Superior Energy Services, Inc. – slide 43
    Offshore Challenging Wells in Deep Water 2000 2013 Correct Equipment Drill Pipe to drill to these depths tension and torsional Accessories to complement the drill string proper ratings Landing strings for casing strings in…
  44. ANALYST DAY – Superior Energy Services, Inc. – slide 44
    Offshore Challenging Directionals Vertical View Horizontal View Horizontal Well 10,000 FT Vertical Challenging well plans worldwide 10,000 FT Horizontal 6 Hole on Bottom 45
  45. ANALYST DAY – Superior Energy Services, Inc. – slide 45
    Offshore Project Approach WSI Engineering Support Team behind Operators Engineering Team Cradleto-Grave Design Approach Planning phase to ensure or design correct tubulars Final design for permitting Support with redesigns…
  46. ANALYST DAY – Superior Energy Services, Inc. – slide 46
    Offshore Workstrings Engineering Solutions What sets Workstrings apart from the traditional rental tool company Engineering Solutions, Design and Support Quality Equipment and Service Leading Edge Vision 47
  47. ANALYST DAY – Superior Energy Services, Inc. – slide 47
    Offshore QUESTIONS
  48. ANALYST DAY – Superior Energy Services, Inc. – slide 48
    Completion Services Division Ed Smith Introduction International Sand Control and Completion Tools SPN 2013 Analyst & Investor Day U.S. Land Offshore SPN 2013 Analyst & Investor Day: A Global Perspective
  49. ANALYST DAY – Superior Energy Services, Inc. – slide 49
    Sand Control and Completion Tool Offshore Technology Standard sand control system Low to medium pressure and temperature Full line of tools and accessories Well screens Production packers Safety valves Deepwater sand control…
  50. ANALYST DAY – Superior Energy Services, Inc. – slide 50
    Offshore Deepwater Sand Control Experience July 1999 First DW completion British-Borneo June 2000 First industry 7 sand control SMART well Anadarko 143 Deepwater wells and 289 intervals 62 SMART well installations 288 LZ…
  51. ANALYST DAY – Superior Energy Services, Inc. – slide 51
    Offshore Deepwater Customer List Anadarko Apache/Mariner BP ENI ERT/Tallos Noble Marubeni Petrobras Walter Oil and Gas W&T Offshore 52
  52. ANALYST DAY – Superior Energy Services, Inc. – slide 52
    Offshore Stacked Sand Control Completions LOT (ppg) Current completion technology DEPTH TVD FEET FEET . BEST.GR_4 RDEEP_1 0 GAPI 120 0.2 OHMM 20 24500 Perforate and complete zone 4 25000 23500 Install across…
  53. ANALYST DAY – Superior Energy Services, Inc. – slide 53
    Offshore Multi-Zone Single Trip (MST) System Complete all zones at same time Rig Time 2-4 days/zone - huge 1st Commercial install April 2007 1st GoM install July 2007 1st Deepwater install Aug 2008 1st Deepwater GoM install Dec…
  54. ANALYST DAY – Superior Energy Services, Inc. – slide 54
    Offshore Tool R&D Test Facility Eight (8) test Cells Simulate Well Conditions Temperature range 40 to 1000o F Pressure up to 30,000 psi Push and Pull 500,000 lbs. 55
  55. ANALYST DAY – Superior Energy Services, Inc. – slide 55
    Offshore Marine Stimulation Business Stimulation Vessels Skid Based Equipment Started with 2 vessels decommissioned one Redeployed assets Current GoM fleet 5 vessels 56
  56. ANALYST DAY – Superior Energy Services, Inc. – slide 56
    Offshore Business Environment Started as US based offshore GoM company only Post-Macondo moratorium Initial strategy SURVIVE grow outside GoM quick US Gulf of Mexico Rig Count 70 60 50 40 30 20 10 0 57
  57. ANALYST DAY – Superior Energy Services, Inc. – slide 57
    Offshore Completion Tool Business Strategy Sand Control provider for Gulf of Mexico shelf, deepwater and certain international markets Global Completion Equipment Provider Global Completion Equipment Spears Data Market - Spears…
  58. ANALYST DAY – Superior Energy Services, Inc. – slide 58
    Offshore QUESTIONS
  59. ANALYST DAY – Superior Energy Services, Inc. – slide 59
    Well Service Innovation Jeff Kaufmann Well Services & US Coiled Tubing Introduction International SPN 2013 Analyst & Investor Offshore Day U.S. Land SPN 2013 Analyst & Investor Day: A Global Perspective
  60. ANALYST DAY – Superior Energy Services, Inc. – slide 60
    U.S. Land Complete Automated Technology System Concept Design Drivers Applications Functions Development Commercialization Status Q&A 61
  61. ANALYST DAY – Superior Energy Services, Inc. – slide 61
    U.S. Land Concept Customers want efficient, coordinated, consistent performance in horizontal well completions Completion Package Rig, Pumps, Tanks, Pipe Handling, Power swivel, Live well intervention 24 hour operations .…
  62. ANALYST DAY – Superior Energy Services, Inc. – slide 62
    U.S. Land Customer Driven Design Parameters Resource play horizontal well completion requirements Long laterals Stage fracs (Plug & Perf Sleeves & Baffles) Well Factory 24 hour operations Simultaneous operations on…
  63. ANALYST DAY – Superior Energy Services, Inc. – slide 63
    U.S. Land Unique Application of Multiple Technologies Top Drive Walking Platform Pump Package Service Rig Pressure Control Automated Pipe Handling Control House Real-time Monitoring Patents Pending 30 applications filed…
  64. ANALYST DAY – Superior Energy Services, Inc. – slide 64
    U.S. Land Capabilities Bridge Gaps 65
  65. ANALYST DAY – Superior Energy Services, Inc. – slide 65
    U.S. Land Summary Innovative well service rig Fit-for-purpose design driven by resource play horizontal well completion requirements Delivers safe, efficient well pad operations Walking System Automated pipe handling No…
  66. ANALYST DAY – Superior Energy Services, Inc. – slide 66
    U.S. Land QUESTIONS
  67. ANALYST DAY – Superior Energy Services, Inc. – slide 67
    Hydraulic Fracturing Brian Moore Superior Energy Services Introduction International SPN 2013 Analyst & Investor Offshore Day U.S. Land SPN 2013 Analyst & Investor Day: A Global Perspective
  68. ANALYST DAY – Superior Energy Services, Inc. – slide 68
    U.S. Land Overview Built for the Resource plays Driven by E&Ps with competencies in geology, reservoir engineering, completion expertise and field development Alignment for the long term with key customers in the right basins…
  69. ANALYST DAY – Superior Energy Services, Inc. – slide 69
    U.S. Land Pumpco Overview Built for the Resource plays Equipment Business Model Execution Alignment with key customers in the right basins Commitment to long term relationships 70
  70. ANALYST DAY – Superior Energy Services, Inc. – slide 70
    U.S. Land Multiple Components of Fleet Single Approach to Design Pump Units Resource Play Driven Design Treating Van Functional & Versatile Basin Specific Configurations Robust & Durable Accessible Components Simplicity over…
  71. ANALYST DAY – Superior Energy Services, Inc. – slide 71
    U.S. Land Equipment Built for Resource Plays Pump Configuration Matters Quintaplex Preference - Higher rate capabilities - Fewer steering wheels - 80% of current fleet Accessible Components - Easier maintenance - Quicker…
  72. ANALYST DAY – Superior Energy Services, Inc. – slide 72
    U.S. Land Long Term Relationships Through Sustainable Business Model Alignment Efficiency Driven, Dedicated Spreads Performance Alignment Two shifts per day 18 hour minimum working day Safety First Weekday or everyday schedules…
  73. ANALYST DAY – Superior Energy Services, Inc. – slide 73
    U.S. Land Contract Extension Experience Horsepower Extensions Permian 13 22,500 1 Marcellus 12 36,000 11 36,000 0 10 13,500 1 Bakken 9 13,500 1 8 29,250 0 Eagle Ford 7 29,250 1 6 29,250 1 5 29,250…
  74. ANALYST DAY – Superior Energy Services, Inc. – slide 74
    U.S. Land Pumpco Built for Resource Plays Execution Focus People Supply Chain Equipment Performance High Utilization Minimal Downtime Service Intensive Fracs Well Factory (Multi-well pads) Complex Fluid Systems More…
  75. ANALYST DAY – Superior Energy Services, Inc. – slide 75
    U.S. Land Execution Perspective Eagle Ford Example - March 2013 (4) Eagle Ford Spreads 221,355,871 lbs sand pumped in March 2013 1,824,562 lbs/day/fleet 38 tractor trailor loads/day/fleet 152 tractor trailor loads/day 36.9…
  76. ANALYST DAY – Superior Energy Services, Inc. – slide 76
    U.S. Land Summary Resource Play Driven Align with most efficient E&P operators Execution Equipment Configuration Matters Well Factory Mindset Long Term Relationships Sustainable Business Model Proven Record 77
  77. ANALYST DAY – Superior Energy Services, Inc. – slide 77
    U.S. Land QUESTIONS 78
  78. ANALYST DAY – Superior Energy Services, Inc. – slide 78
    Wrap Up Global Perspective of Superior Energy Services
  79. ANALYST DAY – Superior Energy Services, Inc. – slide 79
    Introduction Wrap Up Objectives Access to broad range of management Overview of business strategy International expansion Operational execution Generate stable/consistent cash flows Progress on achieving business strategy…
  80. ANALYST DAY – Superior Energy Services, Inc. – slide 80
    Wrap Up Questions 81

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