Dahlman Rose & Co. Ultimate Oil Services and E&P Conference New York, NY December 3-4, 2012
Precision Drilling Corporation Overview High Performance High Value Service Provider Marketed fleet of 205 rigs in Canada, 155 rigs in the United States and 8 rigs internationally Reputation for excellent equipment and personnel…
Canada / US Active Land Rig Count Targeting Oil 1800 160 1600 140 1400 120 Land Based Rigs Targeting Oil 1200 100 WTI (US/bbl) 1000 80 800 60 600 40 400 200 20 0 0 2000 2001 2002 2003 2004 2005 2006 2007…
U.S. Rig Activity 2000 1800 1600 1400 US Active Land Rig Count 1200 1000 800 600 400 200 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Active Gas Rigs Active Oil Rigs Source: BHI -5-
Canadian Rig Activity 800 700 600 CANADA Active Land Rig Count 500 400 300 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Active Gas Rigs Active Oil Rigs Source: BHI -6-
Canada Rig Activity (5 - Year Seasonal) 800 700 600 Canadian Active Land Rig Count 500 400 300 200 100 0 January February March April May June July August September October NovemberDecember Source: BHI 5 Year…
Superior Value for Customers Customers Need Reduced Risk Lower Well Costs Safety & Environmental Responsiveness & Flexibility Long-Term Partner People Technology Systems Precision Drilling -9-
High Performance People Superintendent Rig Manager Driller Drilling Rigs (US & Canada) Average experience (years) 15 14 7 TTM (October 2012) 98% 95% 92% For 2011, 242 Precision drilling rigs and 175 service rigs were incident…
High Performance Rig Fleet (1), (2)…
Super Single Drilling Rig 1,000 hp 15,000 depth Derrick and Range III drill pipe integrated top drive Automated pipe handling system Substructure, integrated draw works, and BOPs Source: Precision Drilling - 12 -
ST-1500 in Bakken - 13 -
Historic Rig Count by Tier As of December 31 200 175 150 Tier 1 125 Tier 2 100 Tier 3 75 50 25 0 2009 2010 2011 2012P (1) 2012P includes 4 contracted new builds that are expected to be delivered by the end of 2012. (2)…
Precision Systems Precision systems help deliver High Performance, High Value to our customers, employees and shareholders. Human Capital Systems Operating Systems Customer Focused Systems - 15 -
Vertically Integrated Operations Manufacturing & Repair Distribution & Supply Nisku, AB Red Deer, AB Picture of Rostel Houston, TX Or Tech Center Picture of Columbia Supply Precision Supply Drilling Site Margin & Quality…
Positioned In Most Active North American Regions
Completion and Production Service Lines Well Servicing Equipment Rentals Camps & Catering Coiled Tubing - 18 -
Precision Directional Services - Growth Canada and U.S. Capacity of 90 concurrent jobs Integrated service - 19 -
International Drilling Services - Growth Mexico 5 drilling rigs Saudi Arabia 3 drilling rigs Continue to focus on building around our current beachheads - 20 -
Capital Structure Overview (Canadian in millions) Unaudited 9/30/2012 Cash and Cash Equivalents 227 Revolving Credit Facility - Total Sr. Secured Debt - Senior Unsecured C Notes due 2019 200 Senior Unsecured US Notes due 2020…
Key Takeaways Unconventional drilling will continue to drive growth opportunities Precision is uniquely positioned as the most active unconventional driller in North America 52 contracted new builds announced since January 2011…
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