Company Snapshot Contract Drilling Western Energy Services (WRG) Fleet of 57 drilling rigs Share Price1 2.22 52 based in Canada 52-week high/low 7.90 / 2.04 5 based in the United Shares outstanding2 80 million States Market…
Business Highlights Modern, Seven pad highly drilling rigs capable in fleet drilling rig fleet High quality Eight fleet with slant average age service of seven rigs years 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 671 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 Cardium 23% 90% 17% 19% 23% 23% Class 32% 25 80% 44% 43% 70% 12%…
Highly Capable and Efficient Drilling Rig Fleet In 2015, Western drilled, on average, 2015 Average Well Length the second deepest wells of its 4,000 3,691 peers, while achieving strong drilling 3,500 3,357 3,176 rates Average…
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 Revenues - 2015 Western has a diversified revenue stream comprised Canadian Natural Resources of over 250 customers 11% Clients include a wide- Progress Other 10% array of public, private…
Operating Highlights Fourth Quarter Year Ended Dec 31 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) 22,038…
Solid Financial Position Cash balance 71 million of working capital (as at December 31, 2015) Net Debt to trailing 12 month adjusted EBITDA 3.4 to 1 (at December 31, 2015) No scheduled long-term debt repayments until January 2019…
Balance Sheet Overview Consolidated Balance Sheet ('000s) Dec 31, 2015 December 31, 2014 Cash and other current assets 102,060 158,823 Property and equipment 773,647 827,306 Goodwill and other 901 70,989 Total assets 876,608 1,057,118…
Financial Highlights Fourth Quarter Year Ended Dec 31 Year Ended December 31 Financial Highlights (000s CDN) 2015 2014 % 2015 2014 % 2013 2012 2011 Operating Revenue 40,458 129,181 (69%) 216,485 474,120 (54%) 353,124 282,856 237,428…
2016 Budgeted Capital Expenditures 7 Million Budgeted Capital Spending Capital Spending By Segment 6 5 5 4 Millions Contract 3 Drilling 40% 2 2 Production Services 60% 1 0 Maintenance Capital Expansion…
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 16
Canadian Drilling Industry Statistics Operating Days Horizontal Wells Drilled 158,427 180,000 YTD Full-Year 8,384 145,272 9,000 7,724 160,000 134,835 131,021 7,214 8,000 124,613 7,048 121,023…
Provincial Well Licenses Issued 2005 to 2015 YTD AB SK BC MB WCSB YTD 2014 YTD 2015 YTD 2016 30,000 2,000 1,800 25,000 1,600 1,400 20,000 Licenses Issued Licenses Issued 1,200 15,000 1,000 800 10,000 600 (70%)…
Historical Canadian Well Data Average Well Length by Province Metres Drilled by Province AB SK BC MB WCSB Western Trinidad Savanna Precision Ensign 4,500 4,000 AB Average Well Length (Metres per Well) 3,500 3,000 SK…
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