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Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc.

Eco-Stim Energy Solutions, Inc. · Mar 28, 2017 · 33 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 1
    45th Annual Scotia Howard Weil Conference March 2017 1
  2. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 2
    EcoStim Investment Thesis Refinanced company establishing two market platform to balance risk; maintain upside in Argentina Provide superior equipment and operations team at lowest cost Rely on technology to drive efficiency and…
  3. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 3
    Refinanced Company In early March 2017 Fresh cash injection of 17 million to repay debt, finance capex and working capital Total debt of 41 million to be converted into equity at 1.40 per share, if shareholders approve at next…
  4. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 4
    Technology-driven, growth platform in solid markets Emerging growth, technology-driven independent oilfield service company Well stimulation; Coiled tubing; and Reservoir field management services Proprietary proven technologies…
  5. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 5
    EcoStim Rolling Stock Equipment Distribution Moving from 10,000 HHP in 2015 to over 100,000 HHP in 2017 Argentina Oklahoma Flex Crew - 14 pumps (31,500 HHP) Crew 1 - 16 pumps (35,000 HHP) Blender Blender TPUs Palmero…
  6. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 6
    Evercore Research shows that when our equipment is put to work, we should be able to more than triple the value of the Company 7
  7. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 7
    Seasoned leadership team with local and international experience Relevant Experience Bjarte Bruheim 30+ years international management experience Chairman and Founder J. Chris Boswell President, CEO and 28 years experience in…
  8. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 8
    Management team has consistent track record of building profitable energy & energy service platforms Co-founded by Bjarte Bruheim in Developed in 1995 by Bjarte Bruheim, Deepwater exploration venture initially Bjarte Bruheim named…
  9. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 9
    Establishing two strong positions in high growth markets with long term contracts Argentinas Neuqun Province Tight Gas and Vaca Muerta shale Oklahomas Mississippian/Stack/Scoop Plays 10
  10. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 10
    Contract signed with well established operator in Oklahoma Contract is for one year beginning on readiness date (estimated late Q2 of 2017) Investment is relatively light to achieve readiness; much of the equipment is available or…
  11. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 11
    Expansion to the US starts in North Central Oklahoma to position EcoStim to service the growing regional market - ESES base of operation
  12. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 12
    Operators & Rigs as of January 2017; OK rig count up by 60% since March 2016 Midstates - Woods 1 Comanche - Major 1 Chesapeake Major 1 Kirkpatrick Major 1 Tapstone - Woodward 1 Devon Woodward - 1 Sandridge Woodward 1 PPP Petroleum…
  13. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 13
    OK rig count up further in March 2017; New base in close proximity to Blaine/Kingfisher counties 14
  14. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 14
    What has changed in Argentina New pro-business, free markets President Natural Gas prices set at 7.50 through 2021 Currency controls removed New trade agreement with US & rejoins IMF New deal between government, labor unions, and…
  15. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 15
    Summary from YPFs Recent Earnings Webcast Shale Oil Benchmarking Vaca Muerta Well Productivity Compared To Best in USA 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0 Wolfcamp Vaca Muerta Bone Springs Eagle Ford…
  16. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 16
    Drilling efficiency gains Eagle Ford vs Vaca Muerta Drilling days per horizontal well 120 100 80 60 40 20 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Eagle Ford Vaca Muerta Source: Management Estimates &…
  17. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 17
    Mature oil producing country with strong customer base E&P Companies Operating in Argentina Source: Management research 18
  18. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 18
    Major Investments Now Being Made
  19. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 19
    Supermajors taking large positions
  20. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 20
    Supermajors Comparing to best US Plays
  21. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 21
    Review of past business and new contract opportunities for EcoStim 2015 Customers And Partners New Customers - 2016 New Contracts 2017 22
  22. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 22
    Argentina market oversupplied in 2016 due to rig count reduction. Rigs starting back to work, prices improving; barriers to entry remain Barriers to Entry: Importation of new stimulation equipment is still challenging Any new…
  23. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 23
    Neuqun Offices and Operational Base 2 OFFICES IN NEUQUEN AND 1 OFFICE IN BA ACTUAL YARD AT THE PIN NEUQUEN AND FUTURE YARD IN PLOTTIER 24
  24. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 24
    Argentina Operations Team TEAM OF 74 PEOPLE IN ARGENTINA 25
  25. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 25
    Operations in Neuqun Argentina 26
  26. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 26
    III. Technology 27
  27. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 27
    EXECUTION - Technology well suited to reduce cost and environmental impact Only pumping unit in the world capable of: running on 100% natural gas can run on multiple fuel sources including natural gas, CNG, LNG and Diesel delivering…
  28. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 28
    EXECUTION - Technologies Integration Traditional EcoStim Multiple Natural Gas Fueling Options First Frac Operation with TPU in Argentina 29
  29. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 29
    You cant manage what you dont measure Eco-Stim conducts its horizontal stimulation services within a systematic methodology Leverages fiber-optic technology and predictive modeling (how many stages dont actually produce hydrocarbons)…
  30. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 30
    Example of sweet spot PREDICTION; largely based on the identification of micro-fracture swarms or natural fracturing Technology used primarily in high cost regions Using proprietary technology for accurate well placement and…
  31. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 31
    MEASURE & EVALUATE - Confirmation of producing zones.. (It is generally accepted that only one of three stages produce hydrocarbons) Derived from Fiber Optic Acoustic Signatures 9 8 7 6 5 4 3 2 1 TIME Gas Production from…
  32. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 32
    UPDATE MODEL & CALIBRATE - Target completion stages based on technology & empirical data 32 Stages 100k / Stage = 3.2 Million 16 Stages 200k / Stage = 1.6 Million 33
  33. Scotia Howard Weil Conference – Eco-Stim Energy Solutions, Inc. – slide 33
    EcoStim Investment Thesis Refinanced company establishing two market platform to balance risk; maintain upside in Argentina Provide superior equipment and operations team at lowest cost Rely on technology to drive efficiency and…

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