Barclays CEO Energy-Power Conference September 8-10, 2015
Contract Drilling High quality fleet of land drilling rigs including 159 APEX rigs Leader in walking rig technology for pad drilling applications Large footprint across North American drilling markets Components of Revenue…
Pressure Pumping High quality fleet of modern pressure pumping equipment Strong reputation for regional knowledge and efficient operations Concentrated footprint provides economies of scale Components of Revenue Pressure…
Scaling The Business Scaling our business effectively is key to our success both in upturns and downturns Patterson-UTI U.S. Rig Count vs. U.S. Drilling Staff Size Rig Count Drilling Staff Size Feb-14 May-14 Feb-15…
Managing Supply Chain Sourcing and Supply Security Negotiated critical cost elements for both Drilling and Pressure Pumping Solidified availability of strategic commodities Reduced Costs in 2015 Sand costs down 25% - 35% Sand…
Contract Drilling
High Quality Drilling Rigs APEX Rig Fleet by Drawworks Horsepower 3 30 159 1500hp 1000hp APEX Rigs 2000hp 126 8
Majority of Adjusted EBITDA from APEX Rigs Adjusted EBITDA Contribution by Rig Class Mechanical Other Electric APEX 9 *Adjusted EBITDA contribution by rig class excluding early termination revenues for the six months ended…
The APEX-XK Enhanced X-Y mobility Walk with full set-back of pipe in mast More efficient rig up / rig down Walking times average 45 minutes for 10 15 well spacing Advanced environmental spill control integrated into drilling…
APEX-XK Integrated Walking System 11
APEX-XK Rig Walking on Pad Video of APEX-XK Rig http://patenergy.com/drilling/technology/apexwalk/ 12 12
Large Geographic Footprint PTENs Active Rig Count by Region as of August 31, 2015 Canada 4 Rigs North Dakota 13 Rigs Rockies 9 Rigs Appalachia 17 Rigs Mid-Continent 9 Rigs West Texas East Texas 23 Rigs 15 Rigs South…
Pressure Pumping
Modern Pumping Equipment Frac Horsepower by Age 10 Years 4% 5 - 10 Years 25% 4 Years Average Age < 5 Years 71% 15
Modern Pumping Equipment Frac Horsepower by Pump Type Legacy Modern Triplex Triplex 4% 16% 1 Million Horsepower Quintuplex 80% 16 Modern triplex pumps defined as being placed in service within the last seven years.
Pressure Pumping Areas Market Concentration Provides Economies of Scale Frac Horsepower 34% 66% Northeast Region: Fracturing horsepower: 343,800 Southwest Region: Other horsepower: 55,400 Fracturing horsepower: 663,800…
Technology Focused PropLogic Sand Management System Fully enclosed well-site sand management system More accurate than conventional sand trailers/bins More efficient use of proppant as less sand is wasted 18
Technology Focused PowderStim Dry Friction Reducer System hydrates powder form of friction reducer directly into the fluid stream Logistically safer and more efficient compared to liquefied friction reducers Successful with both…
Technology Focused Comprehensive Lab Services Ability to test vendors chemicals enhances quality controls Unique in-house friction flow loop test assembly for faster test results In-house lab services are faster and more cost…
Strong Financial Position
Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 1,229 976 1,012 974 710 637 662 598 445 453 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E Year End 22 2015 Capital expenditure forecast…
Strong Financial Position Capital Structure ( in Millions) Stockholders 2,868 Equity Bank Term Loans Maturing September 27, 2017 23% 273 4.97% Series A notes Debt/ 300 Due October 5, 2020 Total Cap 300 4.27% Series B…
Total Liquidity in Millions 76.5 million cash 77 500 million revolver availability Of 872.5 million debt 500 272.5 million matures September 2017 300 million matures October 2020 300 million matures June 2022 Line of Credit…
Why Invest in Patterson-UTI Energy High Quality Assets 159 APEX rigs comprised primarily of 1500 horsepower and pad capable rigs Creating value through focus on well site execution Technology leader Leader in walking rigs for pad…
Barclays CEO Energy-Power Conference September 8-10, 2015
Additional References
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) Three Months Ended Six Months Ended (dollars in thousands) June 30, June 30, 2015 2014 2015 2014 Adjusted Earnings Before Interest,…
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) (dollars in thousands) 2014 2013 2012 2011 2010 Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted…
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