1Q 2012 Earnings Presentation April 25, 2012 Presenter: Anthony G. Petrello Deputy Chairman, President & Chief Executive Officer
Asset Disposition & Oil and Gas Operations Recent Sales: Action Date Proceeds California Sale 4Q11 72 MM Austin Chalk Sale 1Q12 4 MM Colombia Sale 2Q12 73 MM Total 149 MM Remaining Properties: Oil & Gas Assets Status Details…
Asset Disposition Other Non-Core Asset Sales: Status Timing of Rigs US: Peak USA Completed 14 MM Canada: Blue Sky/Airborne In process 2012 Hybrid Coiled Tubing Drilling Rigs In process 2012 12 Workover & Well Services In process 2012…
Our Priorities: Enhance Balance Sheet Flexibility Targeted Net Debt Reduction 42% 25% by 2013 Actual Targeted (MMs) 1Q12 EOY 2012 EOY 2013 Total Debt 4,773 4,900 3,500 Cash and Investments 500 900 1,100 Net Debt 4,273 4,000 2,400…
Macro Outlook Rapidly declining gas directed rig count impacting horizontal activity 1,400 1,300 Oil 1,200 Horiz 1,100 1,000 900 800 700 600 Gas 1/7/2011 7/7/2011 1/7/2012 Oil Gas Horizontal Source: Baker Hughes…
Horizontal Oil vs. Horizontal Gas Rig Count Source: Smith Bits STATS 7
Nabors Global Infrastructure Regionally Balanced Portfolio Helps Mitigate Cyclicality (MMs) Operating Income 1Q12 4Q11 Change Alaska 27 5 22 Rig Services 30 13 17 Canada (1) 49 37 12 US Offshore 8 3 5 US Lower 48 132 130 2…
Nabors Global Infrastructure 1Q Annualized Run Rate Exceeds Prior High Operating Cash Flow (MMs) FY 2008 FY 2011 1Q12 Annualized(3) Drilling and Rig Services: Total 1,818 1,461 1,678 US Lower 48 839 703 821 US Offshore 102 38 73…
Drilling & Rig Services LAND RIGS OFFSHORE RIGS SPECIALIZED RIGS - Global leadership position - Unique niche - Unique niche - Premium fleet - High market share - Proprietary technology - US Lower 48, International, - Highly innovative…
Drilling & Rig Services Quarterly Adjusted Income (Loss) Derived from Operating Activities (000s) 1Q12 4Q11 1Q11 Drilling and Rig Services: US Lower 48 131,581 130,114 80,095 US Offshore 7,732 3,422 (3,977) Alaska 27,420 5,343…
Drilling & Rig Services Global Rig Fleet AC SCR Mech Total Land US Lower 48 152 115 40 307 International 34 63 34 131 Canada 26 21 33 80 Alaska 4 12 3 19 Offshore US GOM 4 26 2 32 International 2 25 0 27 Total 222 275 116 613…
Drilling & Rig Services US Lower 48 Basin Summary Working Working Shale Plays & Basin Drilling Rigs Drilling Rigs Marcellus Gas 13 Haynesville Gas 30 Bakken/Rockies Oil/Gas 86 Eagle Ford Oil 46 Permian Oil 30 Barnett Gas…
Drilling & Rig Services US Lower 48 Term Contracts in Force at March 31, 2012 Quarter end number of rigs subject to term contracts(1) 1Q12 2Q12 3Q12 4Q12 1Q13 4Q 2011 158 131 101 75 61 1Q 2012 185 149 111 85 71 Contract…
Drilling & Rig Services Canada Summary by Basin Basin Oil/Gas Working Rigs Horn River Gas 7 Montney Oil/Gas 8 Duvernay Oil 11 Oil Sands Oil 8 Cardium Oil 14 Saskatchewan Oil 2 Total 50 Note: Working rigs during 1Q12…
Drilling & Rig Services Rig Services - Canrig Installed Base Continues to Grow Canrig Total Installations 600 500 400 300 200 100 0 Top Drives Catwalks Wrenches Rockit Revit 3rd Party Intercompany 16
Completion & Production Services PRESSURE PUMPING COILED TUBING RIGS WORKOVER/ - 5th largest fleet in US - Synergies with pressure pumping WELL-SERVICING RIGS - Global growth with NBR footprint - Synergies with workover /…
Completion & Production Services Quarterly Adjusted Income Derived from Operating Activities (000s) 1Q12 4Q11 1Q11 Completion and Production Services: Well Servicing 21,888 24,237 11,123 Pressure Pumping 64,860 76,470 43,715…
NFR Energy Reserves & Production Map of Operations Overview Focused on the prolific Haynesville Shale and Cotton Valley Sand fairway in East Texas Total Company Low risk, predictable production profile Proved Reserves(1) 1.4 Tcfe /…
Nabors Global Infrastructure Margins and Activities 1Q12 4Q11 1Q11 Drilling Margin (1) Rig Yrs Margin (1) Rig Yrs Margin (1) Rig Yrs US Lower 48 10,942 219.0 10,922 216.7 9,394 187.9 US Offshore 19,630 11.9 17,250 10.0 9,945 8.0…
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