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Johnson Rice Energy Conference – Independence Contract Drilling, Inc.

Independence Contract Drilling, Inc. · Sep 28, 2015 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 1
    2015 Johnson Rice Energy Conference September 28, 2015 www.icdrilling.com
  2. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 2
  3. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 3
    Overview 14 Rig Fleet: Sectors most technologically advanced fleet Established reputation for operational excellence and safety: Superior HSE performance Fleet wide uptime of 98% Longest lateral ever drilled in Permian Basin:…
  4. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 4
    ICD Initiatives Suspending all new build activities until market improves Delaying commencement of second rig conversion until market improves Reduction in forward annual cash run rate costs by 1.5 million while maintaining…
  5. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 5
    ICD Value Proposition Leader in rig replacement cycle ICD bends industry cost curve down ICD technology actively participates in Big Data collection network Industry leading fleet utilization Modular manufacturer Balance sheet…
  6. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 6
    Pad Optimal Rigs As Defined by Operators 1,500 hp Omnidirectional walking system 3hrs. release to spud Four day conventional move capability Bi-fuel 7,500 psi mud systems AC VFD drive PAD OPTIMAL Best suited for wellbore…
  7. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 7
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  8. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 8
    HSE Culture Evolution ICD Total Recordable Incident Rates Year End 2014 - 1.14 Rolling 12 Month September 15 1.02 9
  9. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 9
    Operating Efficiency Fast moving design Internal systemic processes and procedures Holistic safety management system Total Hours Operating, Moving, Downtime August 2014 to August 2015 10 Source: NOV Drill Well
  10. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 10
    Constructing Complex Wellbores Faster 11
  11. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 11
    Quality Customer Base and Contract Coverage ICD customers include some of the most active players in the Permian Basin Company 2015E Total Capex (MM) Devon Energy 4,250 Apache Corporation 2,200 Concho Resources 2,000 Pioneer…
  12. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 12
    ICD Financial Flexibility Financial Strategy Financial Flexibility and Liquidity millions Maintain conservative balance sheet: - Suspending all new build activity upon completion of current in-process rig conversion - Current Net…
  13. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 13
    Capital Expenditures Second half 2015 capital expenditures: - 16-18 million - Completion of 14th ShaleDriller rig - Conversion of non-walking rig and purchase of equipment for second conversion - Purchase of additional equipment…
  14. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 14
    Delivering Value to Stakeholders Large Operators are Leading Unconventional Resource Capture ShaleDriller Offers a Major Secular Shift in Compelling Value Unconventional Proposition to E&P Development is Customers Underway…
  15. Johnson Rice Energy Conference – Independence Contract Drilling, Inc. – slide 15
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