MANAGEMENT TEAM Jerry Winchester, CEO Jay Minmier, President CEO since September 2011 and President and Nomac Drilling a director since June 2014 President since June 2011 Served as President and CEO of Boots & Coots Previously…
COMPANY HIGHLIGHTS Large integrated footprint in some of the best returning basins and Experienced and skilled management team c lose proximity to customers Experience working for highly regarded oilfield services Based in…
WELL POSITIONED FOR CURRENT INDUSTRY TRENDS Current Industry Trend SSE Positioning Full scale development plans of large shale Large, integrated footprint in 7 active basins resources (existing and Shale development expertise…
AREAS OF OPERATIONS Ok lahoma City Headquarters Significant footprint in many of the most economical plays, including Eagle Ford Shale and Permian Basin As of 3/31/2016 6
CUSTOMER DIVERSIFICATION STRATEGY Continue strengthening current customer relationships and focus on Selected Customers winning other non-CHK business Nomac revenue from other operators averaged 39% in Q1 2016 Performance…
US RIG COUNT: NOMAC VS. PEERS IN D U STRY ACTIVE RIG S VS N OMAC RIG S 10% % CH AN G E : B ASE LIN E 11/ 28/ 14 0% -10% -20% -30% Nomac Contracted Rigs -40% -50% -60% -70% -80% Nomac Active Rigs -90% Source: Rig Data…
BACKLOG AND SERVICE CONTRACT SUMMARY As of March 31, 2016, our contractual backlog was approximately Contracted Revenues by Business Segment 419mm, 7% of which was related to contracts with operators other than CHK Backlog expected…
BUSINESS SEGMENTS SNAPSHOT Q1 2016 REVENUE ADJ EBITDA ADJ EBITDA 2016 BUSINESS DESCRIPTION mm mm Margin % OUTLOOK DRIVERS Drilling Provides land drilling services, including 71.9 46.0 64% Two additional contracted directional…
NOMAC DRILLING CURRENT FLEET 44 CONTRACTED RIGS (15 Active) UTICA SHALE OPERATING ACROSS 13 UNCONVENTIONAL PLAYS POWDER RIVER AND DJ BASINS 3 MARCELLUS SHALE 1 ANADARKO BASIN HAYNESVILLE SHALE 9 7 PERMIAN BASIN EAGLE…
NOMAC RIG FLEET COMPARED TO PEERS Working to convert fleet to meet long- US Land Rig Fleet Mix March 2016 term drilling needs of all customers 92% 60% 57% 56% 46% 42% 38% 21% 9% Currently 94% of our Tier 1 rigs and 70% of our Tier…
EVOLUTION OF OUR FLEET Improving tier mix contributes to higher operating margin Based on contracted newbuilds, we expect to own 94 rigs by YE 2016 with 39% Tier 1 rigs Number of Rigs - Year End Operating Margin Through YTD Q1…
PERFORMANCE TECHNOLOGIES OPERATIONS OVERVIEW Provides high-pressure Estimated US Horsepower by Capacity '000s HHP hydraulic fracturing services Halliburton 2,988 Aggregate of 500,000 FTS International 1,646 horsepower Schlumberger…
PERFORMANCE TECHNOLOGIES OPERATING AREAS UTICA SHALE 96K HP ANADARKO BASIN 266K HP EAGLE FORD SHALE 138K HP Access to three strategically positioned sand storage and transload facilities in Oklahoma, Texas, and Ohio PTL…
HYDRAULIC FRACTURING SUPPLY CHAIN INTEGRATION Access to three strategically positioned trans load facilities located in: Oklahoma, South Texas, and Ohio. Dedicated sand storage of 80 million and 30 million at the South Texas and…
GREAT PLAINS OILFIELD RENTAL OVERVIEW Great Plains provides premium rental tools and specialized services for land-based oil and natural gas drilling, completion and workover activities Tool Rental Downhole tubular products…
GREAT PLAINS SERVICE LINES SSE has established and is executing a plan to build out the Great Plains organization to increase utilization The percentage of revenue generated from non-CHK sources increased from 71% in the last…
RESTRUCTURING SUPPORT AGREEMENT On April 19, 2016, SSE announced that it had entered into a Restructuring Support Agreement (the Agreement) with certain lenders (the Incremental Term Loan Lenders) representing 92.0% of the…
MATURITY AND DEBT SERVICE SCHEDULES* Maturity Schedule 275 94 650 450 374 1 1 1 1 1 4 4 4 4 4 2016 2017 2018 2019 2020 2021 2022 3.750% 3.750% 6.500% 6.625% 10.000% Term Loan Tranche A Incremental Term Loan Sr. Notes…
APPENDIX: RECONCILIATION OF CONSOLIDATED NET INCOME (LOSS) TO ADJUSTED EBITDA Three Months Ended March 31, December 31, 2016 2015 2015 (In thousands) Net loss (59,563) (37,601) (60,590) Add: Interest expense 25,279 23,516 25,303…
APPENDIX: RECONCILIATION OF DRILLING NET INCOME (LOSS) TO ADJUSTED EBITDA Three Months Ended March 31, December 31, 2016 2015 2015 (In thousands) Net income (loss) 5,184 479 (15,547) Add: Income tax expense (benefit) 703 207…
APPENDIX: RECONCILIATION OF HYDRAULIC FRACTURING NET INCOME (LOSS) TO ADJUSTED EBITDA Three Months Ended March 31, December 31, 2016 2015 2015 (In thousands) Net (loss) income (12,143) 6,054 (15,222) Add: Income tax (benefit) expense…
APPENDIX: RECONCILIATION OF OILFIELD RENTALS NET INCOME (LOSS) TO ADJUSTED EBITDA Three Months Ended March 31, December 31, 2016 2015 2015 (In thousands) Net loss (8,624) (3,509) (7,852) Add: Income tax benefit (1,169) (1,515)…
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