MANAGEMENT TEAM Jerry Winchester, CEO Jay Minmier, President CEO since September 2011 and President and Nomac Drilling a director since June 2014 President since June 2011 Served as President and CEO of Boots & Coots Previously…
COMPANY HIGHLIGHTS Large integrated footprint in some of the best returning basins and Experienced and skilled management team close proximity to customers Experience working at highly regarded oilfield services Based in Oklahoma…
WELL POSITIONED FOR CURRENT INDUSTRY TRENDS Current Industry Trend SSE Positioning Full scale development plans of large shale Large, integrated footprint in 7 active basins resources (existing and Shale development expertise (its…
AREAS OF OPERATIONS Oklahoma City Headquarters Significant footprint in many of the most economical plays, including Eagle Ford and Niobrara Shales As of 6/30/2015 6
CUSTOMER DIVERSIFICATION STRATEGY Continue strengthening current customer relationships and focus on Selected Customers winning other non-CHK business Nomac revenue from other operators averaged 36% in Q2 2015 Performance…
RECENT ACCOMPLISHMENTS Nomac Drilling Recognized as one of the safest land drillers in the U.S. by the International Association of Drilling Contracts Ranks most efficient drilling contractor in Utica and Eagle Ford shales by…
US RIG COUNT: NOMAC VS. PEERS WITH 20 ACTIVE RIGS AND HIGHER IN D U STR Y ACTIVE R IG S VS N OMAC CON TR ACTE D R IG S 10% % CH AN G E : B ASE LIN E 11/ 28/ 14 0% -10% -20% -30% -40% -50% -60% -70% Source:…
BACKLOG AND SERVICE CONTRACT SUMMARY As of June 30, 2015 our contractual backlog was approximately 1.1B, Contracted Revenues by Business Segment 12% of which was related to contracts with operators other than CHK Backlog expected to…
BUSINESS SEGMENTS AND OUTLOOK YTD 6/30/15 REVENUE ADJ EBITDA ADJ EBITDA 2015-2016 BUSINESS DESCRIPTION mm mm Margin % OUTLOOK DRIVERS Drilling Provides land drilling and drilling-related 266.5 102.4 38.4% 7 new contracted rigs to…
NOMAC DRILLING CURRENT FLEET 51 OPERATING RIGS (27 ACTIVE) UTICA SHALE OPERATING ACROSS 13 UNCONVENTIONAL PLAYS 6TH LARGEST DRILLING CONTRACTOR POWDER RIVER AND DJ BASINS 4 MARCELLUS SHALE 2 ANADARKO BASIN HAYNESVILLE…
2014 AVG DRILLING DAYS & WELL COUNT FOR HORIZONTAL WELLS Utica: Avg Operated Rigs By Contractor 15 10 5 0 1Q14 2Q14 3Q14 4Q14 Eagle Ford: Avg Operated Rigs By Contractor 40 20 30 15 10 5 0 1Q14 2Q14 3Q14…
NOMAC RIG FLEET COMPARED TO PEERS Working to convert fleet to meet long- US Land Rig Fleet Mix June 2015 term drilling needs of all customers 3% 91% 60% 58% 47% 46% 35% 26% 18% Currently 93% of our Tier 1 rigs and 68% 60% of our…
EVOLUTION OF OUR FLEET Improving tier mix contributes to higher operating margin, continuing to increase with rig newbuilds, conversions and removal of Tier 3 rigs Based on contracted newbuilds, we expect to own 92 rigs by YE 2015…
PERFORMANCE TECHNOLOGIES OPERATIONS OVERVIEW Provides high-pressure hydraulic fracturing North American Horsepower by Capacity '000s HHP services HAL + BHI 4,625 As of June 30, 2015, owned ten hydraulic Schlumberger 1,900…
PERFORMANCE TECHNOLOGIES OPERATING AREAS UTICA SHALE 3 SPREADS ANADARKO BASIN 3 SPREADS EAGLE FORD SHALE 4 SPREADS Access to three strategically positioned sand storage and transload facilities in Oklahoma, Texas, and Ohio…
HYDRAULIC FRACTURING SUPPLY CHAIN INTEGRATION Access to three strategically positioned sand storage and trans load facilities, one in Oklahoma with storage capacity of 140 million pounds, one in south Texas with 80 million pound…
GREAT PLAINS OILFIELD RENTAL OVERVIEW Great Plains provides premium rental tools and specialized services for land-based oil and natural gas drilling, completion and workover activities Tool Rental Downhole tubular products…
GREAT PLAINS CURRENT AND POTENTIAL SERVICE LINES SSE has established and is executing a plan to build out the Great Plains organization to increase utilization Equipment utilization has declined from Q1 2015 to Q2 2015, although the…
MATURITY AND DEBT SERVICE SCHEDULES Maturity Schedule 275 94 650 460 374 1 1 1 1 1 1 2 4 4 4 4 4 4 2014 2015 2016 2017 2018 2019 2020 2021 2022 1.50% 3.750% 6.500% 6.625% 10.000% Term Loan Tranche A Incremental Term Loan…
APPENDIX Q2 2015 EBITDA RECONCILIATION
APPENDIX: RECONCILIATION OF CONSOLIDATED NET INCOME TO ADJUSTED EBITDA Three Months Ended Six Months Ended June 30, March 31, June 30, 2015 2014 2015 2015 2014 (In thousands) Net (loss) income (74,670) 21,710 (37,601) (112,271) 3,155…
APPENDIX: RECONCILIATION OF DRILLING NET INCOME TO ADJUSTED EBITDA Three Months Ended Six Months Ended June 30, March 31, June 30, 2015 2014 2015 2015 2014 (In thousands) Net (loss) income (9,689) 9,541 479 (9,210) 7,182 Add: Income…
APPENDIX: RECONCILIATION OF HYDRAULIC FRACTURING NET INCOME TO ADJUSTED EBITDA Three Months Ended Six Months Ended June 30, March 31, June 30, 2015 2014 2015 2015 2014 (In thousands) Net (loss) income (457) 11,722 6,054 5,597 12,317…
APPENDIX: RECONCILIATION OF OILFIELD RENTALS NET INCOME TO ADJUSTED EBITDA Three Months Ended Six Months Ended June 30, March 31, June 30, 2015 2014 2015 2015 2014 (In thousands) Net (loss) income (9,682) 340 (3,509) (13,191) (1,796)…
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