Company Snapshot Contract Drilling Western Energy Services (WRG) Fleet of 57 drilling rigs Share Price1 3.68 52 based in Canada 52-week high/low 7.90 / 2.86 5 based in the United Shares outstanding2 80 million States Market…
Returning Cash to Shareholders Dividend History 80 25% Quarterly dividend of 0.05/share 70 Cumulative Dividend ( millions) 20% 60 Annualized yield of 5.4% (as of TTM Payout Ratio 50 15% January 4, 2016) 40 Over 68…
Business Highlights Modern, Seven pad highly drilling rigs capable in fleet drilling rig fleet High quality Eight fleet with slant average age service of 6 years rigs 123 total rigs Rental assets managed and…
Canadian Drilling Rig Market Trends Unconventional drilling and completion techniques, including pad drilling, continue to Canadian Industry Drilling drive utilization Rigs by Class Industry 763 Customers continue to focus on drilling…
Montney and Duvernay Class Focused Fleet Tailored to Customer Needs Westerns Rig Fleet by Class Industry Rig Fleet by Classification Duvernay Class 100% 13 15% Cardium 23% 90% 19% 19% 23% 23% Class 25 80% 39% 44% 9% 70% 29%…
Superior Utilization for Montney and Duvernay Class Rigs Montney class and Duvernay class Industry Rig Class Utilization rigs are the most sought after in 90% Canada 80% These rig classes continue to 70% generate above industry…
Premium Drilling and Well Servicing Utilization Westerns drilling and well servicing rig fleets have traditionally realized above average utilization, while balancing utilization and pricing considerations Canadian Drilling Rig…
Westerns Customer Base Consolidated YTD Revenues - 2015 Western has a diversified revenue stream comprised Canadian Natural Resources of over 250 customers 11% Clients include a wide- Progress Other 9% array of public, private…
Operating Highlights Third Quarter Year to Date Sept 30 Operating Highlights 2015 2014 % 2015 2014 % Contract Drilling Canadian Operations Rig fleet (end of period) 52 49 6% 52 49 6% Operating Revenue per Revenue Day (CDN) 21,135…
Conservative Financial Position Cash balance 72 million of working capital (as at September 30, 2015) Net Debt to trailing 12 month adjusted EBITDA 2.0 to 1 (at September 30, 2015) Onside with all covenants No scheduled long-term…
Balance Sheet Overview Consolidated Balance Sheet ('000s) Sept 30, 2015 December 31, 2014 Cash and other current assets 102,201 158,823 Property and equipment 843,670 827,306 Goodwill and other 1,266 70,989 Total assets 947,137…
Financial Highlights Third Quarter Nine Months Ended Sept 30 Year Ended December 31 Financial Highlights (000s CDN) 2015 2014 % 2015 2014 % 2014 2013 2012 2011 Operating Revenue 44,350 117,960 (62%) 176,027 344,939 (49%) 474,120…
2016 Budgeted Capital Expenditures 18 Million Budgeted Capital Spending Capital Spending By Segment 14 12 12 10 Production Millions 8 Services 35% 6 6 4 Contract Drilling 65% 2 0 Maintenance Capital…
Performance Driven Culture Well Managed Service Company Strategic thinking embedded in every decision Best-in-class People and Equipment From start to finish, every project, every person, is selected to support our…
Appendix 17
Canadian Drilling Industry Statistics Operating Days Horizontal Wells Drilled 158,427 180,000 YTD Full-Year 8,384 145,272 9,000 7,822 160,000 134,835 7,724 131,021 7,214 124,613 8,000 7,168 7,048…
Historical Canadian Well Data Average Well Length by Province YTD 2015 Average Well Length AB SK BC MB WCSB 4,500 4,500 4,000 3,829 4,000 3,500 3,321 Average Well Length (Metres per Well) 3,203 Average Well Length…
Provincial Well Licenses Issued 2005 to 2015 YTD 2015 vs. YTD 2014 AB SK BC MB WCSB YTD 2014 YTD 2015 30,000 8,000 7,000 25,000 6,000 20,000 Licenses Issued 5,000 Licenses Issued 15,000 (47%) 4,000 10,000…
YTD 2015 Metres Drilled by Province Western Trinidad Savanna Precision Ensign AB SK BC MB 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Source: June Warren-Nickle's Energy Group Note: Year-to-date…
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