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The Enercom Oil and Gas Conference – Basic Energy Services Inc.

Basic Energy Services Inc. · Aug 14, 2017 · 15 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. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 1
    EnerComs Oil and Gas Conference August 14, 2017 OUR LIFES WORK IS THE LIFE OF THE WELLTM NYSE: BAS
  2. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 2
    Proven Growth Strategy TM Our Lifes Work is the Life of the Well Basic Energy Services supports its customers well site activities from cradle to grave Diversified service offering poised for future growth opportunities The…
  3. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 3
    Our Lifes Work is the Life of the WellTM Every Well is a Potential Life-Long Customer Production Basics Strategy for Success 1. Rate of Returns Driven 2. Proven Management with Ability to Weather Cycles 3. Diversified Service…
  4. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 4
    Basic Energy Services Snapshot 1H17 Revenue by Region Company Data: Sizeable Footprint in the Resilient Permian Basin NYSE Ticker: BAS [CATEGORY Appalachian/Ma NAME] rcellus California 2% Share price (as of 8/10/17): 16.71 Gulf…
  5. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 5
    Extensive Footprint in Prolific Basins Significant Exposure to Major Oil and Gas Markets 80% Revenue Exposure to Oil and Liquids Activity Appalachia BAKKEN 190,000+ Gross Wells (10% oil) California APPALACHIA 50,000+ Gross Wells…
  6. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 6
    How We Manage Through Cycles Upcycle As market environment has showed signs of improvement, our business Invest in new equipment strategy has changed to address the Expand into new markets upcycle Maximize utilization to increase…
  7. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 7
    Operational Update Equipment Counts & Utilization 2Q17 1Q17 4Q16 Well servicing rig hours 162,300 157,600 146,200 Well servicing utilization rate 54% 52% 49% Number of well servicing rigs - end of period 421 421 421 Invest in new…
  8. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 8
    Operational Update Market Environment We expect 3Q17 revenues to increase by 6-10% sequentially Increase expected to be driven mainly by higher completion and remedial services activity, particularly frac services and coil tubing…
  9. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 9
    Specialized Completion & Remedial Services Focused on Markets Traditionally Underserved by Larger Competitors Revenue Support drilling, workover and production processes 250 Pumping services for cementing, acidizing, 200…
  10. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 10
    Water Logistics Basics Integrated Fluid Service Business Anchored by Expansive SWD Network Revenue 120 Water sourcing and storage 100 SWD design and installation 80 Integrated truck fleet and SWD network Millions 60 Pipeline…
  11. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 11
    Well Servicing Well Servicing Rigs Facilitate Down Hole Activity Revenue Service Work - routine maintenance of down- 120 hole equipment to return well to production 100 Workover - periodic major maintenance and 80 renovation to…
  12. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 12
    Well Servicing Rig Hours & Utilization Rates Concentrated Presence in Oil and Liquid-Directed Markets 85,000 90% 80% 75,000 70% 65,000 60% Utilization Rate Rig Hours 50% 55,000 40% 45,000 30% 20% 35,000 10%…
  13. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 13
    Well Servicing Fleet Snapshot Fleet Metrics: Fleet Distribution by Class 421 Well Service Rigs Concentration of Class IV or larger rigs. Fleet sizes from 200-900HP rigs 71% of the fleet are late model Class IV (104 Mast / 500HP or…
  14. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 14
    Pro Forma Balance Sheet Emergence from Chapter 11 Enhances Financial Position 000s At At Description 6/30/2017 3/31/2017 Liquidity ABL credit facility borrowing base (see note 1) 75,000 75,000 Less: Letters of credit (see note 2 for…
  15. The Enercom Oil and Gas Conference – Basic Energy Services Inc. – slide 15
    Basic Investment Highlights Diversified service offerings for Providing a safe work environment is a both vertical and horizontal activity top priority Operating in basins with high liquid Proven management team and local yields and…

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