Barclays CEO Energy-Power Conference September 5 7, 2017
Who We Are: An Oilfield Services Leader DRILLING PRESSURE PUMPING RENTALS TECHNOLOGY High quality fleet of land High quality fleet of 1.5 Leading position in Designs, manufactures and drilling rigs, including 198 million horsepower of…
Broad Footprint in Oilfield Services Active Rig Count 162 By Region As of August 31, 2017 WEST TEXAS / 41 APPALACHIA / 29 MID-CONTINENT / 29 SOUTH TEXAS / 21 EAST TEXAS / 18 ROCKIES / 13 NORTH DAKOTA / 8 CANADA / 3 Active…
Comprehensive Oilfield Services and Solutions Contract Drilling Air Drilling Hydraulic Fracturing Drilling Motor Rentals* Directional Drilling* Water Transfer Cementing Drilling Top Drives Acidizing Well Surveying* Nitrogen…
Directional Drilling Acquiring MS Energy Services, a leading provider of directional drilling services in the United States Total consideration for the acquisition includes approximately 8.8 million shares of Patterson- UTI common…
Why Invest in Patterson-UTI Energy Patterson-UTI is a Leader: Efficiency Efficiency improves well economics Patterson-UTI has the scale, processes, people and equipment necessary for efficient operations Technology Technology…
Patterson-UTI: A Leader in Oilfield Services Efficiency Efficiency improves well economics. People Crews receive extensive onboarding and ongoing training to ensure competency and refine operating and safety procedures. Processes…
People: Personnel Development Working incident free is not just a priority to us it's our way of life. Operational excellence is our minimum standard excellence is our way of life. Development of our people is a core value…
Process: Management System Management System allows for continuous updates on Policies & Priorities Comprehensive Rig and Frac Fleet audits ensure uptime, preventative maintenance, continuous improvement. Incident…
Innovative Rig Designs: APEX-XK Able to walk x/y with full set-back of pipe in mast Drawworks on rig floor allows more clearance under rig for walking Advanced environmental spill control integrated into drilling floor…
Innovative Rig Designs: APEX-XC Enhanced setback capacity for efficiently Standard with drilling longer higher-torque top laterals drive HPU, accumulator and walking Increased mud system integrated pump horsepower in substructure for…
Innovative Rig Upgrades: Significantly upgrading seven APEX 1000 rigs to APEX-XK rigs. The first two upgrades have been completed and delivered to the field. Six of the upgraded rigs have been contracted. Average contract duration…
Innovative Rig Technology: Warrior 500 Ton AC Top Drive HIGH PERFORMANCE - 50,000 ft-lbs continuous torque rating REDUNDANT POWER DELIVERY - Four independent power pathways from the AC bus to the top drive quill - No single-point…
Innovative Pressure Pumping Technology: Bi-Fuel Engines can burn a fuel Reduces operating costs by mix comprised of up to lowering fuel costs 70% natural gas Comparable torque and Good for environmental horsepower to an all…
Innovative: Performance Data Analytics Real-time innovative data analysis system collects and analyzes data across region, pad and rigs for performance by formation, section, crew, etc. Ability to analyze equipment and maintenance…
Innovative: 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 central smart dispatch…
Innovative: Automation and Remote Operations REMOTE OPERATIONS RIG AUTOMATION Remote operations allow a Consistent, automated processes at specialist to execute multiple wells the wellsite limit safety risks, at one time reduces well…
Strong Financial Position Substantial Liquidity 40 million cash as of June 30, 2017 490 million revolver extended through March 2019 140 million drawn at July 31, 2017 and 15.6 million letters of credit 75 million of cash to be used…
Why Invest in Patterson-UTI Energy Patterson-UTI is a Leader: Efficiency Efficiency improves well economics Patterson-UTI has the scale, processes, people and equipment necessary for efficient operations Technology Technology…
Additional References
APEX Class Rigs APEX-XK 1500 59 198 53 APEX 300-Series APEX 1500 47 APEX PK 28 APEX 1000* 9 Other AC 2 23 *Five to be converted to APEX-XK.
Modern Pressure Pumping Equipment TEXAS 57% 1.5 MM APPALACHIA 23% HORSEPOWER MID-CONTINENT 20% 24 Hydraulic fracturing horsepower location as of August 31, 2017
Non-U.S. GAAP Financial Measures Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (unaudited, dollars in thousands) Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted…
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