Acquisition of Spectrum Tracer Services August 30, 2017
Spectrum Tracer Services Overview Leave nothing behind. Spectrum Tracer Services (Spectrum) is a leading provider of chemical and radioactive tracer diagnostic services Cost-effective and reliable diagnostics tool utilized by E&P…
How Customers Utilize Tracer Diagnostics Leave nothing behind. Spectrums customers utilize tracer diagnostic services to: Provide long-term qualitative stage-by-stage production Determine if stimulation from one well is…
Delivering on Our Growth Strategy Leave nothing behind. Complementary acquisition aligned with NCSs strengths and growth strategies Services focused on optimizing customer completion and field development strategies Ability to…
NCS, Spectrum and ATRS Vision NCS, Spectrum and ATRS Vision Leave nothing behind. NCS + ATRS: ATRS + Spectrum: Rate Transient Analysis NCS + Greater integration of to accelerate ATRS tracer-related production evaluation…
Summary Transaction Terms Leave nothing behind. 80 mm purchase price (enterprise value basis) 73 mm cash 7 mm of roll-over equity (0.4 mm NCS shares) Consideration Acquired on a cash-free / debt-free basis, subject to certain…
Summary Transaction Rationale Leave nothing behind. Enhanced services offering supporting our customers completions and field development strategies Service diversification, more balanced revenue profile Revenue synergy potential…
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