2Q 2012 Earnings Presentation July 25, 2012 Presenter: Anthony G. Petrello Chairman, President & Chief Executive Officer
Macro Outlook Lower Commodity Pricing Affecting Customers Cash Flows & Budgets 120.0 6.0 Oil prices down 11% since Jan 2012 and flat since Jan 2011 100.0 5.0 80.0 4.0 Natural Gas prices up 2% since Jan 2012 and down 33%…
US Land Rig Count At inflection point Down 108 rigs from Nov 2011 peak, 30 in last 2 weeks US Land Rig Count (2003 - Current) 2500 2000 1500 1000 500 0 1/3/2003 1/3/2004 1/3/2005 1/3/2006 1/3/2007 1/3/2008 1/3/2009 1/3/2010…
Asset Dispositions Status Timing / Value of Rigs US: Peak USA Completed 14 MM Canada: Blue Sky/Airborne Evaluating Bids 2012 Hybrid Coiled Tubing Drilling Rigs Withdrawn 2012 12 Workover & Well Services Evaluating Bids 2012 174 Alaska:…
Asset Dispositions: 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 Miscellaneous 2Q12 5 MM Total 154 MM Remaining Properties: Oil & Gas…
Asset Dispositions: Oil and Gas Operations Alaska Land Position 230,000 Gross Acres Ramshorn 50% WI NU Central 56,000 acres OU NSU MPU CRU Appaloosa KRU Telemark PBU LU PTU BU Tofkat Mustang Western 89,000 acres…
Asset Dispositions: Oil and Gas Operations British Columbia Horn River Land Position 33,000 Net Acres 8
Ample Liquidity With Five Year Duration As of June 30, 2012 (Ms) Interest Face Liquidity and Revolving Credit: Maturity Rate Value Available Cash + Investments 460,634 Credit Line 9/14 1.75% 1,400,000 490,000 Current Liquidity…
Our Priorities: Enhance Balance Sheet Flexibility Targeted Net Debt Reduction 40% 25% by EOY 2013 Actual Targeted(3) (MMs) 1Q12 2Q12 EOY 2012 EOY 2013 Total Debt 4,773 4,674 4,455 3,489 Cash and Investments 500 461 461 586 Net Debt…
Nabors Global Infrastructure Expected Seasonally Weak Second Quarter Operating Income (MMs) FY 2011 1Q12 2Q12 US Lower 48 414 132 127 US Offshore 1 8 10 Alaska 28 27 9 Canada 95 49 (4) International 124 21 16 Rig Services 56…
Drilling & Rig Services Adjusted Income (Loss) Derived from Operating Activities (Ms) 2Q11 FY 2011 1Q12 2Q12 Drilling and Rig Services: US Lower 48 99,231 414,317 131,581 126,532 US Offshore (1,059) 843 7,732 9,924 Alaska 8,288…
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 - 27 Total 222 275 116…
Drilling & Rig Services US Lower 48 Basin Summary Working Shale Plays & Basin Oil/Gas Drilling Rigs Marcellus Gas 14 Haynesville Gas 22 Bakken/Rockies Oil/Gas 77 Eagle Ford Oil 39 Permian Oil 26 Barnett Gas 4 Granite…
Drilling & Rig Services US Lower 48 Term Contracts in Force at June 30, 2012 Quarter End Number Of Rigs Subject To Term Contracts(1) 2Q12 3Q12 4Q12 1Q13 2Q13 1Q 2012 149 111 85 71 66 2Q 2012 146 128 87 74 65 (MMs) Actual…
Drilling & Rig Services Canada Summary by Basin 2Q12 Represents Seasonal Trough Working Rigs Basin Oil/Gas Total Rigs 1Q12 2Q12 Horn River Gas 5 7 2 Montney Oil/Gas 14 8 4 Duvernay Oil 8 11 - Oil Sands Oil 8 8 8 Cardium Oil 24…
Completion & Production Services Adjusted Income Derived from Operating Activities (Ms) 2Q11 FY 2011 1Q12 2Q12 Completion and Production Services: Pressure Pumping 43,888 229,125 64,860 46,144 Well Servicing 16,526 74,725 21,888…
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