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Johnson Rice 2017 Energy Conference – Basic Energy Services Inc.

Basic Energy Services Inc. · Sep 26, 2017 · 17 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. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 1
    Johnson Rice Energy Conference September 26, 2017 OUR LIFES WORK IS THE LIFE OF THE WELLTM NYSE: BAS
  2. Johnson Rice 2017 Energy 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. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 3
    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 9/21/17): 17.58 Gulf…
  4. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 4
    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…
  5. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 5
    2Q17 Operational Highlights Strong growth in Completion and Remedial segment: Segment revenue up 33.5% sequentially to 107.4 mm Invest Successfully in new equipmentbrought on 74,000 new HHP for introduction in 3Q Expand into new…
  6. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 6
    Operational Update Equipment Counts & Utilization August 2017 July 2017 2Q17 1Q17 Well servicing rig hours 58,800 52,500 162,300 157,600 Well servicing utilization rate 55% 54% 54% 52% Number of well Invest servicing in new rigs -…
  7. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 7
    Operational Update Market Environment We expect 3Q17 revenues to increase by 6-8% sequentially, including the impact of Hurricane Harvey Increase expected to be driven mainly by higher completion and remedial services activity,…
  8. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 8
    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…
  9. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 9
    Pressure Pumping Fleet Snapshot Fleet Metrics: C&RS Revenue by Job Type 521,365 hydraulic horsepower 417,800 HHP devoted to frac Frac, Cementing, Acid, Coiled Tubing, Other 103,565 HHP for acid/cementing/other Nine spreads currently…
  10. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 10
    Pressure Pumping Market Outlook Fleet is booked through most of 1Q18 Pricing continues to increase Jobs on the calendar are not priced until work begins (i.e., pricing upside still captured) Invest in new equipment Large diameter…
  11. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 11
    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…
  12. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 12
    Water Logistics Fleet Snapshot Fleet Metrics: Quarterly Revenue per Truck One of the largest fluid service fleets in the industry: 949 trucks Segment revenue steadily improving Utilization steadily improving 60,000 Integrated…
  13. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 13
    Well Servicing Well Servicing Rigs Facilitate Down Hole Activity Revenue Completion - well preparation for production after 120 successful drilling of well; packaged ancillary 100 equipment is a differentiator 80 Workover -…
  14. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 14
    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%…
  15. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 15
    Well Servicing Fleet Snapshot Fleet Metrics: Fleet Distribution by Class 421 Well Service Rigs 296 Class IV Fleet ranges from 200HP-900HP rigs or Larger 296 rigs or 71% of the fleet are late model Rigs Class IV (104 Mast / 500HP or…
  16. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 16
    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…
  17. Johnson Rice 2017 Energy Conference – Basic Energy Services Inc. – slide 17
    Basic Investment Highlights Diversified service offerings for Providing a safe work environment is a both vertical and horizontal activity top priority Heavily exposed to the Permian Basin, One of the largest high-spec service rig…

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