Contract Drilling High quality fleet of land drilling rigs, including 198 APEX class rigs Leader in walking rig technology for pad drilling applications Large footprint across North American drilling markets Pro Forma Components of…
Pressure Pumping High quality fleet of modern pressure pumping equipment Strong reputation for regional knowledge and efficient operations Concentrated footprint provides economies of scale Pro Forma Components of Revenue* Contract…
Contract Drilling
APEX Class Rigs APEX-XK 1500 / 57 APEX 300-Series / 49 198 APEX 1500 / 45 PeakeRigs / 28 APEX 1000 / 11 Other AC / 8 6
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 floor…
APEX-XK Integrated Walking System 8
APEX-XC Increased clearance for walking over and around wellheads on a pad Enhanced setback capacity for efficiently drilling longer laterals Engineered for fast pad-to-pad rig moves Includes higher-torque top drive from Warrior…
Broad Geographic Footprint Total Rig Count 159 Active Rig Count by Region As of May 19, 2017 CANADA / 1 ROCKIES / 12 WEST TEXAS / 40 SOUTH TEXAS / 23 NORTH DAKOTA / 9 MID-CONTINENT / 28 EAST TEXAS / 16 APPALACHIA /…
Drilling Technologies Designs, manufactures and services high-spec rig components with a recent focus on top drive technology Enhances the Patterson-UTI technology portfolio and engineering capabilities A highly talented…
Pressure Pumping
Modern Pressure Pumping Equipment TEXAS 57% 1.5 MM APPALACHIA 23% HORSEPOWER MID-CONTINENT 20% 14 Hydraulic fracturing horsepower location as of April 27, 2017
Enhanced Pressure Pumping Footprint Hydraulic Fracturing Horsepower by Region As of April 27, 2017 TEXAS / 850k HP APPALACHIA / 350k HP MID-CONTINENT / 300k HP Hydraulic fracturing horsepower location as of April 27,…
Centralized Logistics Center Efficient procurement and logistics of sand and chemicals is important to being successful in hydraulic fracturing. Centralized logistics center includes: 24/7 dispatch personnel Central scheduling and…
Strong Financial Position
Investing in Our Company 1,229 1,012 Capital 976 974 Expenditures and Acquisitions ( in millions) 744 662 450 120 2010 2011 2012 2013 2014 2015 2016 2017E Year End 18 2017 Capital expenditure forecast as of April…
Patterson-UTI Total Liquidity 467 Million Cash as of March 31, 2017 403 million cash used in April 2017 to repay net debt of Seventy Seven Energy 632 Million Revolver through September 2017 73 million outstanding as of May 17, 2017…
Why Invest in Patterson-UTI Energy HIGH QUALITY ASSETS 198 APEX class rigs Creating value through focus on well site execution TECHNOLOGY LEADER Leader in walking rigs for pad drilling Innovator in deploying latest technologies…
Additional References
Non-U.S. GAAP Financial Measures Three Months Ended March 31, 2017 2016 (unaudited, dollars in thousands) Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA)(1): Net loss (63,539) (70,503)…
Unaudited Pro Forma Operating Revenues For the year ended December 31, 2016 Seventy Seven Pro Forma Patterson-UTI Energy Combined Operating revenues: (in thousands) Contract drilling 543,663 271,524 815,187 Pressure pumping…
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