Contract Drilling • High quality fleet of land drilling rigs including 161 APEX® rigs • Leader in walking rig technology for pad drilling applications • Large footprint across North American drilling markets Pressure…
Pressure Pumping • High quality fleet of modern pressure pumping equipment • Strong reputation for regional knowledge and efficient operations • Concentrated footprint provides economies of scale Pressure Pumping 39%…
High Quality Drilling Rigs 132 26 3 APEX® Rig Fleet by Drawworks Horsepower 1500hp 1000hp 2000hp 161 APEX® Rigs
Combined Rig Fleet # Rigs % Pad Capable From Patterson-UTI APEX-XK 1500® 56 93% APEX Walking® 49 100% APEX 1500® 45 24% APEX 1000® 11 73% Total 161 75% From Seventy Seven Energy PeakeRigs™ 28 100% Other AC rigs 12…
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…
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…
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…
Modern Pumping Equipment Quintuplex80% Modern Triplex13% Legacy Triplex7% Frac Horsepower by Pump Type1MillionHorsepower Modern triplex pumps defined as being placed in service within the last seven years.
Modern Pressure Pumping Fleet Combined PressurePumping Fleet1 Approximate Horsepower % Quintuplex % Modern Triplex2 % Legacy Triplex Patterson-UTI 1,000,000 80% 13% 7% Seventy Seven Energy 500,000 75% 25% 0% Total…
Enhanced Pressure Pumping Footprint Appalachia* PTEN: ~354k HHP Texas/New Mexico* PTEN: ~662k HHP SSE: ~140k HHPMid-Continent* SSE: ~360k HHP *Reflects information as of December 31, 2016, and assumes consummation of the…
Technology Focused PowderStim?Dry Friction Reducer ?System hydrates powder form of friction reducer directly into the fluid stream ?Logistically safer and more efficient compared to liquefied friction reducers ?Successful with both…
Technology Focused Comprehensive Lab Services ?Ability to test vendors? chemicals enhances quality controls ?Unique in-house friction flow loop test assembly for faster test results ?In-house lab services are faster and more cost…
Investing in Our Company $976 $1,012 $974 $662 $1,229 $744 $120 $350 2010 2011 2012 2013 2014 2015 2016 2017E Year End Capital Expenditures and Acquisitions ($ in millions) 2017 Capital expenditure forecast as of…
Strong Financial Position$300 $300 $2,720 18% Debt/ Total Cap* Stockholder?s Equity 4.97% Series A notes Due October 5, 2020 4.27% Series B notes Due June 14, 2022 Revolving Credit Facility Maturing March 27, 2019 (No…
Patterson-UTI Total Liquidity ?$35 million cash as of December 31, 2016 ?$500 million revolver through September 27, 2017 ?$358 million of revolver extended through March 27, 2019 ?Commitment increases by $95.8 million subject to…
Why Invest in Patterson-UTI Energy? ?High Quality Assets ?161 APEX?rigs comprised primarily of 1500 horsepower and pad capable rigs ?Creating value through focus on well site execution ?Technology leader ?Leader in walking rigs for…
Three Months EndedDecember 31, Twelve Months EndedDecember 31,2016201520162015 Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA)(1): Net loss $(78,122) $(58,658) $(318,634) $(294,486)…
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