Scotia Howard Weil 44th Annual Energy Conference March 21-23, 2016 Presented by: Anthony G. Petrello, Chairman & CEO
Higher Oil Prices Have yet to Lead to More Activity Requisites for a Rebound WTI Price - USD Continued Higher Price 45 Movement 40 Less Volatility 35 30 Repair Balance Sheets 25 Better Access to Capital 20 Markets…
Market Overview: Global Global Asset Positioning Supporting Rig Count Vs. Competitors Rig Count Trend Since 3Q14 20% 10% NBR INTL: 0% -11% -10% -20% -30% Nabors -40% Global: -56% -50% -60% -70% NBR Industry U.S.…
Abundant Liquidity with Extended Maturities Ample Cushion through Cycle without Tapping Capital Markets mm Debt Schedule as of Dec 31, 2015 mm 3,000 RCF of 2,250mm 3,000 LIBOR + 137.5 2,500 2,500 Matures July 2020 2,000…
Executing on Plan to Preserve Liquidity 2016 Goal to Manage / reduce costs Operate Business Optimize capital spending at Free Cash Flow Free cash flow neutrality prior Neutral or Better to working capital benefit Repurchase…
Nabors Will Continue to Reduce Expenses to Maintain Cash Flow Key Expense Categories 2014 = 100 120 100 80 60 40 20 0 Capex G&A / R&E 2014 2015 2016E Targeted Change -73% -39% from 2014 to 2016E: Note: Expenses…
Committed to Maximizing Value of C&J Investment Founder and visionary Josh Comstock assembled a talented, successful management team with a strong operating history We merged our Completion & Production Services business with C&J…
PACE-X Rig Continuing to Revolutionize Multi-Well Pad Drilling Repeatedly under 9 days from Spud to TD Faster Drilling Times Recent well under 6 days 5 days when introduced Faster Move Times Now consistently 3 days or…
M800 Features 1500HP Walking Rig (3000HP Drawworks) 800kip hookload 8 lines, rated to 25,000 ft Three 7,500 PSI pumps with 4 engines RigtelligentTM controls advanced software, sensing, decoding Highly mobile pad-to-pad,…
RigtelligentTM Software and Controls Control System 13
RigtelligenceSM for the Future, the Next Step beyond AC Advanced Wellbore Placement Increase precision, maximize payzone contact Reduced Invisible Down Time Improve the consistency of rig processes at a high level…
Wellbore Placement: Proprietary MWD AccusteerTM Platform is Commercial Now Market Features Length Strategy Weight on Bit 30 Feet Scalable platform Torque on Bit Matches industry- Ultimately can Bend on Bit leading tool…
PILOTTM Heads-Up Display Steering automation integrates the directional drilling workflow into the Rigwatch system Combined with our ROCKIT PILOTTM automation and RiglineTM support systems, existing rig crews can execute directional…
What Is Next on the Horizon Customer Wish List Optimize the Workforce on the Rig Integration of Casing Running Tools Advanced Tubular Tracking Full Automation, Including Offline Stand Building Outcomes Safer Jobs Faster…
Ultimate Goals for the Customer and Nabors Customer Nabors Increased Sustainable Estimated Competitive Ultimate Advantage Recovery Higher Reduced Cost Utilization and per BOE Wider Margins Safer Safer Operations…
Loading...
