4Q 2011 Earnings Presentation February 22, 2012 Presenter: Anthony G. Petrello Deputy Chairman, President & Chief Executive Officer
Refining Our Business Enhance balance sheet flexibility Review each Business Unit for: Strategic fit Execution effectiveness Capital efficiency Realign with Customers Drilling & Rig Services Completion & Production…
Re-Establish Balance Sheet Flexibility Increased Focus on Balance Sheet Management and Net Debt Reduction Balance Sheet Data as of December 31, 2011 ( Millions) Cash & Securities 540 Accounts Receivable 1,577 Working Capital 1,286…
Re-Establish Balance Sheet Flexibility Liquidity Current liquidity approximately 1.0 billion Expect 2012 OCF to fund all capital expenditures, redeem current debt and provide significant free cash flow Total debt Weighted average…
Business Line & Asset Class Evaluation Criteria Leadership position Attractive investment returns Capable of growth or otherwise strategic Slide 6
Our Business Lines: An Overview Operating Segments by Line of Business Drilling and Rig Services US Lower 48 GOM Offshore Canada Ryan Alaska Peak International Canrig Completion and Production Services US Workover and Well…
Assets Strategically Positioned in Major US Unconventional Plays Working Frac Well Svc Fluid Svc Frac Shale Plays & Basin Drilling Rigs Crews CTU Rigs Trucks Tanks Marcellus 14 4 3 27 155 720 Haynesville 32 1 - 9 43 186 Bakken/Rockies 76…
Nabors Global AC Rig Fleet New build rigs for US lower 48 land are only part of the Nabors story To Be 12/31/11 Delivered Total Alaska Drilling 3 0 3 US Lower 48 Land Drilling 119 25 144 Canada Drilling 24(1) 2 26 International…
Our Business Lines: An Overview Accelerating Operating Cash Flow 4Q Consolidated Run Rate exceeds Prior High and Increasing GAAP FY 2008 FY 2011 4Q11 Annualized US Lower 48 839 703 826 US Well Servicing 214 153 180 US Offshore 102…
Quarterly Adjusted Income (Loss) Derived from Operating Activities (000s) 4Q11 3Q11 4Q10 US Lower 48 130,114 104,877 85,308 Nabors Well Services 24,237 22,839 12,132 US Offshore 3,422 2,457 (5,142) Alaska 5,343 3,021 11,252…
Drilling Rigs & Services Slide 13
U.S. Lower 48 Land Drilling Term Contracts in Force at 12/31/11 Quarter end number of rigs subject to term contracts(1) 4Q11 1Q12 2Q12 3Q12 4Q12 3Q 2011 144 124 104 86 69 4Q 2011 186 158 131 101 75 2011 Contract Signatures…
Lower 48 Summary by Basin Approx. Basin Oil/Gas Working Rigs Market Share Marcellus Gas 13 6% Haynesville Gas 26 13% Bakken/Rockies Oil/Gas 71 20% Eagle Ford Oil 41 15% Permian Oil 28 8% Barnett Gas 3 13% Granite Wash Oil/Gas 18 5%…
Drilling Rigs & Services US Lower 48 Land Drilling - Premium Fleet Makeup NDUSA Rig Fleet of Rigs Util. AC Rigs 12/31/11 119 100% SCR Upgraded 65 85% SCR 44 50% Mechanical 41 68% Current Total 269 83% AC Rigs still to be deployed…
Canada Summary by Basin Working Approx. Basin Oil/Gas Rigs Term Contracts Market Share Horn River Gas 6 4.0 24.0% Montney Oil/Gas 8 0.0 19.0% Duvernay Oil 13 2.0 11.0% Oil Sands Oil 7 2.0 6.0% Cardium Oil 11 0.0 13.0% Saskatchewan…
Canrig: A Technology Success Story Innovation 200th ROCKITTM system installed in 2011 REVITTM Stick-Slip system commercialized in 2011 over 45 installations to date Over 35% of services and rentals revenue in 2011 came from new…
Loading...
