Citi 2016 Global Energy & Utilities Conference May 10, 2016
Scaling The Business Scaling our business effectively is key to our success both in upturns and downturns Patterson-UTI U.S. Rig Count vs. U.S. Drilling Staff Size Rig Count Drilling Staff Size Feb-14 Feb-15 Feb-16…
Modern Pumping Equipment Frac Horsepower by Pump Type Legacy Triplex Modern 6% Triplex 14% 1 Million Horsepower Quintuplex 80% 3 Modern triplex pumps defined as being placed in service within the last seven years.…
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 rigs for pad…
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 Components of Revenue…
Managing Supply Chain 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% - 35% Sand…
Majority of Adjusted EBITDA from APEX Rigs Adjusted EBITDA Contribution by Rig Class Other Electric Mechanical APEX 11 *Adjusted EBITDA contribution by rig class excluding early termination revenues for the three months…
APEX-XK Integrated Walking System 13 Large Geographic Footprint PTENs Active Rig Count by Region as of May 6, 2016 Canada 0 Rigs North Dakota 6 Rigs Rockies 3 Rigs Appalachia 18 Rigs Mid-Continent 5 Rigs West…
Pressure Pumping Modern Pumping Equipment Frac Horsepower by Age 10 Years 5% 5 - 10 Years 4 26% Years Average Age < 5 Years 69% 16 8
Pressure Pumping Areas Market Concentration Provides Economies of Scale Frac Horsepower 35% 65% Northeast Region: Fracturing horsepower: 353,800 Southwest Region: Other horsepower: 55,400 Fracturing horsepower: 663,800…
Technology Focused PowderStim Dry Friction Reducer System hydrates powder form of friction reducer directly into the fluid stream Logistically safer and more efficient compared to liquefied friction reducers Successful with both…
Strong Financial Position Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 1,229 976 1,012 974 744 662 598 637 445 453 170 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E Year…
Total Liquidity in Millions 187 million cash 187 500 million revolver availability Of 845 million debt 245 million matures September 2017 500 300 million matures October 2020 300 million matures June 2022 Line of Credit…
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