Johnson Rice 2016 Energy Conference September 21, 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 nine rigs since late- 4/1/16 9/15/16 April. Of the rigs reactivated: 94% were 1,500 horsepower…
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 19, 2016 Canada 2 Rigs North Dakota…
Drilling Technologies Designs, manufactures and services high-spec rig components with a recent focus on top drive technology Expands the Patterson-UTI technology portfolio A highly talented group of people with a tremendous…
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 improve operational…
Pressure Pumping Areas Market Focus Provides Economies of Scale Frac Horsepower 35% 65% Northeast Region: Fracturing horsepower: 353,800 Southwest Region: Other horsepower: 55,400 Fracturing horsepower: 663,800 Other…
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…
Strong Financial Position June 30, 2016 Capital Structure Pro Forma for the July 8, 2016 Bank Credit Agreement Amendment and Related Term Debt Repayment in millions 2,402 Stockholders Equity Revolving Credit Facility*…
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…
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 Increase in borrowing base from…
Non-U.S. GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-U.S. GAAP Financial Measures (Unaudited) Three Months Ended Six Months Ended (dollars in thousands) June 30, June 30, 2016 2015 2016 2015 Adjusted Earnings Before…
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