Contract Drilling ? High quality fleet of land drilling rigs including 161 APEX? rigs ? Leader in walking rig technology for pad drilling applications ? Large footprint across North American drilling markets Pressure Pumping 38%…
Pressure Pumping ? High quality fleet of modern pressure pumping equipment ? Strong reputation for regional knowledge and efficient operations ? Concentrated footprint provides economies of scale 2 Pressure Pumping 38% Oil &…
Scaling The Business Scaling our business effectively is key to our success? ?both in upturns and downturns 3 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14…
Managing Supply Chain 4 ? Sourcing and Supply Security ? Negotiated critical cost elements for both Drilling and Pressure Pumping ? Solidified availability of strategic commodities ? Reduced Costs in 2015 ? Sand costs down 25% -…
Contract Drilling
High Quality Drilling Rigs 128 30 3 APEX? Rig Fleet by Drawworks Horsepower 1500hp 1000hp 2000hp 6 161 APEX? Rigs
Majority of Adjusted EBITDA from APEX? Rigs APEX? Other Electric Mechanical Adjusted EBITDA Contribution by Rig Class 7 *Adjusted EBITDA contribution by rig class excluding early termination revenues for the year ended December 31,…
The APEX-XK? ? Enhanced X-Y mobility ? Walk with full set-back of pipe in mast ? More efficient rig up / rig down ? Walking times average 45 minutes for 10? ? 15? well spacing ? Advanced environmental spill control integrated into…
APEX-XK? Integrated Walking System 9
West Texas 17 Rigs Large Geographic Footprint PTEN?s Active Rig Count by Region as of March 3, 2016 Appalachia 23 Rigs East Texas 5 Rigs Mid-Continent 6 Rigs Rockies 2 Rigs South Texas 7 Rigs North Dakota 8 Rigs 11…
Pressure Pumping
Modern Pumping Equipment < 5 Years 70% 5 - 10 Years 25% >10 Years 5% Frac Horsepower by Age 4 Years Average Age 13
Modern Pumping Equipment Quintuplex 80% Modern Triplex 15% Legacy Triplex 5% Frac Horsepower by Pump Type 1Million Horsepower
Southwest Region: Northeast Region: 35% 65% Frac Horsepower Fracturing horsepower: 663,800 Other horsepower: 32,165 Fracturing horsepower: 353,800 Other horsepower: 55,400 Market Concentration Provides Economies of Scale…
Technology Focused PropLogic? Sand Management System 16 ? Fully enclosed well-site sand management system ? More accurate than conventional sand trailers/bins ? More efficient use of proppant as less sand is wasted
Technology Focused PowderStim? Dry Friction Reducer 17 ? System hydrates powder form of friction reducer directly into the fluid stream ? Logistically safer and more efficient compared to liquefied friction reducers ? Successful…
Technology Focused Comprehensive Lab Services 18 ? Ability to test vendors? chemicals enhances quality controls ? Unique in-house friction flow loop test assembly for faster test results ? In-house lab services are faster and…
Strong Financial Position
Investing in Our Company 20 $598 $637 $445 $453 $976 $1,012 $974 $662 $1,229 $744 $190 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E Year End Capital Expenditures and Acquisitions ($ in millions) 2016 Capital…
Strong Financial Position $300 $300 $255 $2,561 Capital Structure ($ in Millions) 25% Debt/ Total Cap Stockholder?s Equity 4.97% Series A notes Due October 5, 2020 4.27% Series B notes Due June 14, 2022 Bank Term Loans…
Total Liquidity $500 $113 $ in Millions Line of Credit Availability Cash 22 * * Debt and equity balances as of December 31, 2015. $255 million of bank term loans includes quarterly principal payments totaling $64 million in 2016.…
Why Invest in Patterson-UTI Energy? ? High Quality Assets ? 161 APEX? rigs comprised primarily of 1500 horsepower and pad capable rigs ? Creating value through focus on well site execution ? Technology leader ? Leader in walking…
Additional References
Three Months Ended December 31, Twelve Months Ended December 31, 2015 2014 2015 2014 Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA)(1): Net income (loss) $ (58,658) $ 57,583 $(294,486) $…
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