Barclays CEO Energy-Power Conference September 6-8, 2016
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…
Contract Drilling Patterson-UTI U.S. Rig Count The Patterson-UTI U.S. rig count Patterson-UTI Daily U.S. Rig Count has increased 11 rigs since late- 4/1/16 9/1/16 April. Of the rigs reactivated: 94% were 1,500 horsepower 88%…
Overcoming Reactivation Challenges Reactivation Costs Expected to be approximately 200,000 per rig Patterson-UTI expected to have ample liquidity following the extension of the revolving credit facility and repayment of term…
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 drilling…
APEX-XK Rig Walking on Pad Video of APEX-XK Rig http://patenergy.com/drilling/technology/apexwalk/ 9 9 Large Geographic Footprint PTENs Active Rig Count by Region as of September 1, 2016 Canada 2 Rigs North Dakota…
Pressure Pumping Managing Supply Chain Developing strategic relationships around critical materials and services to: Manage supply volumes during a recovery Mitigate potential cost inflation Leveraging technologies to…
Modern Pumping Equipment Frac Horsepower by Pump Type Legacy Triplex Modern 7% Triplex 13% 1 Million Horsepower Quintuplex 80% 13 Modern triplex pumps defined as being placed in service within the last seven years.…
Technology Focused PropLogic Sand Management System Fully enclosed well-site sand management system More accurate than conventional sand trailers/bins More efficient use of proppant as less sand is wasted 15 Technology…
Technology Focused Comprehensive Lab Services 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 more cost…
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 End 19 2016 Capital expenditure…
Total Liquidity* 49 million cash as of June 30, 2016 and after giving effect to the bank credit agreement amendment and related term debt repayment 500 million revolver through September 27, 2017 358 million of revolver extended…
Additional References Borrowing Base Designed to Grow with Working Capital Components of Borrowing Base* 40% of eligible equipment book value Equipment capped at 60% of total borrowing base 50% of eligible inventory…
Supplemental Information Pro Forma Debt to Total Capital Ratio (unaudited, dollars in thousands) Repayment of Revolver June 30, 2016 Term Loans Borrowing Pro Forma Current portion of long-term debt (excluding debt issuance cost)…
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