Cowen & Company 3rd Annual Ultimate Energy Conference UBH New York, New York December 3rd, 2013
Precision Drilling Corporation Overview High Performance, High Value Service Provider Excellent People Tier 1 Assets (206 drilling rigs) Industry Leading Systems Utilize Scale and Leverage Size Land Drilling Focus Fleet of 334…
Transition to Oil Drilling 2,000 1,800 1,600 U.S. Active Land Rig Count 1,400 1,200 1,000 800 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: BHI Oil Gas -4-
Canadian Activity Update 800 700 600 Canadian Active Land Rig Count 500 400 300 200 100 0 January February March April May June July August September October November December Source: BHI 5 Year Range 2009 -…
Positive North American Fundamentals Canadian and U.S. markets possess similar positive fundamentals Unconventional oil-driven Improving crude transport infrastructure Strong demand for Tier 1 assets Well capitalized E&P…
Positioned In Most Active North American Regions Representative of areas where Precision has had operations within the past two years
Proposed Canadian LNG Development Area -8- Source: Alaska Natural Gas Transportation Projects Office of the Federal Coordinator
Superior Value for Resource Customers Resource Exploitation Customer Needs Lower Well Costs/Efficiency Safety & Environmental Industrialized Predictability/Repeatability Process Long-Term Partner People Technology Systems…
High Performance People Drilling Rigs (US & Canada) Average TTM Retention Skilled Personnel experience (October 2013) within Precision (years) Superintendent 17 yrs 93% 371 Rig Manager 15 yrs 96% 3841 Driller 9 yrs 94%…
Industry Leading Systems Precision Systems Results Human Capital Scalability Responsiveness Operations Consistency Repeatability Customer Focus Efficiency - 11 -
Growth in Tier 1 Super Series Fleet Precisions Tier 1 Drilling Rigs High Performance Rig Fleet 206 New Builds 12 188 6 Tier 1 Upgrades Existing Tier 1 36 36 144 8 24 19 116 9 109 3 4 16 104 188 206 144 116 109 116…
Precisions Tier 1 Super Series Fleet Super Triple 1500 1 Super Triple 1200 2 Super Single High Performance Horizontal Drilling Machines Rapid mobility Smart design Automation & safety features Walking/skidding systems Small…
Super Triple: From Concept to Field - 14 -
ST-1500 in Bakken Support complex Drilling / walk module Utility Corridor - 15 -
Precision Horizontal Drilling Leadership 90% Percentage of Rigs Drilling Directional / Horizontal 80% 70% 60% 50% 40% 2009 2010 2011 2012 2013 Source: BHI US Industry Active Land Rigs (includes PD) PD US Active Land…
Precision Directional Services Canada and U.S. Capacity of over 90 concurrent jobs Integrated service - 18 -
Mexico / Middle East Drilling Footprint Mexico 8 rigs in Mexico Focus on IPM support Depend on operation excellence Middle East 3 active rigs in Kingdom of Saudi Arabia 2 active rigs in Kurdistan, 2 new build rigs to be…
Rig 83 Kurdistan - 20 -
Completion & Production Largest well service provider in Canada Aligned with resource plays Regional coverage Trend to long reach hz wells High Value rentals, camps and catering Market opportunities: U.S., deep basin, BC and oil…
Balance Sheet Flexibility (1) Attractive Capital Structure Available Liquidity at 9/30/13 Debt to total capital: 36% Interest coverage: 7.0x 887 Available liquidity: 977 million 805 Long maturity, low cost debt Average interest…
Loading...
