BARCLAYS CEO-ENERGY CONFERENCE September 3rd, 2014
Pioneer Energy Services TICKER SYMBOL: PES (NYSE) TTM REVENUE1: 981 MILLION MARKET CAPITALIZATION2: 1.0 BILLION ENTERPRISE VALUE2: 1.4 BILLION SERVICE LINES: LAND DRILLING, WELL SERVICING, WIRELINE, COILED TUBING EMPLOYEES:…
Diversified Services % of TTM REVENUE1 PRODUCTION SERVICES Well Servicing 112 Rigs Wireline 122 Units Coiled Tubing 15 Units Drilling - US 41% Production Services 49% DRILLING SERVICES Drilling Services - US 54 Rigs…
Recent Updates Drilling Services Executed two additional new-build drilling rig contracts for a total of five in 2015. Estimated 2015 delivery dates are: Two rigs in the second quarter Two rigs in the third quarter One rig in the…
Investment Considerations Summary Exposure to the full well life cycle including drilling, completions, workovers and on-going well maintenance Approximately 60% of US revenue1 attributable to three key U.S. markets: Bakken shale,…
Exposure to the Full Well Life Cycle Drilling Toe Prep Plug and Perforate 7 Drill Out Plugs Complete and Maintenance until Install Artificial Lift Plug and Abandon
Leverage to Three Key U.S. Markets (Approximately 60% of TTM US Revenue) BAKKEN1 Drilling Production Services Services 51% 49% Production PERMIAN1 Services 12% Drilling Services 88% EAGLE FORD1 Drilling Services…
Accretive Organic Growth Opportunities Adding nine well servicing rigs, six wireline units and four coiled tubing units in 2014 Adding 16 well servicing rigs and eight wireline units in 2015 Executed five new-build drilling rig…
PRODUCTION SERVICES
Well Servicing SERVICE OVERVIEW OPERATING LOCATIONS Of the top-tier well servicing providers, Pioneer has the: Highest utilization rate Highest average hourly rate Highest average horsepower fleet with all rigs either 550HP or…
Wireline SERVICE OVERVIEW OPERATING LOCATIONS Leading market share position in a number of key geographic markets Majority of revenue derived from cased-hole operations that include perforating, logging, and pipe recovery…
Coiled Tubing SERVICE OVERVIEW OPERATING LOCATIONS Significant player in the offshore coiled tubing market Fleet currently provides an array of services with coil capabilities ranging from 1.25 to 2.375 coiled tubing…
DRILLING SERVICES
Drilling Services SERVICE OVERVIEW OPERATING LOCATIONS Over 70% of US drilling revenue1 is generated in the Bakken, Eagle Ford, and Permian 74%2 of rigs are capable of drilling horizontally in the unconventional plays Pioneer…
Pioneer Drilling Rig Class Comparison Vertical Horizontal Top Drive Mechanical/Electric Electric Mechanical Number of Rigs 16 9 37 % of Fleet 26% 15% 60% AC/SCR 0/2 0/0 11/26 Drawworks 750-1,200HP 1,000-1,300HP 1,000-2,000HP…
Industry-Leading Safety For many years, Pioneer has been a leader in U.S. land drilling safety. Our commitment to industry-leading safety helps us retain high-quality employees, broaden our client base, and reduce operating costs.…
Liquidity and Capital Structure June 30th, 2014 ( millions) Actual Cash 23.7 Senior Secured Revolving Credit Facility due 2016 70.0 Senior Unsecured Notes due 20181 123.6 Senior Unsecured Notes due 2022 300.0 Other 0.5 Total…
Reconciliation of Adjusted EBITDA to Net Income We define Adjusted EBITDA as earnings (loss) before interest income (expense), taxes, depreciation, amortization, impairments, and the Colombian Net Equity Tax. Although not prescribed…
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