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Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc.

Basic Energy Services Inc. · Mar 27, 2018 · 20 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. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 1
    Scotia Howard Weil Energy Conference March 27-28, 2018 OUR LIFES WORK IS THE LIFE OF THE WELLTM NYSE: BAS
  2. Scotia Howard Weil 2018 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. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 3
    Basic Energy Services Snapshot 2017 Revenue by Region Company Data: Sizeable Footprint in the Resilient Permian Basin NYSE Ticker: BAS Appalachian/Ma California rcellus 3% Share price (as of 3/23/18): 14.84 [CATEGORY 2% NAME] 5%…
  4. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 4
    Basics Service Lines and Assets Completion & Remedial Well Servicing Water Logistics Services 2017 revenue = 433mm 2017 revenue = 211mm 2017 revenue = 209mm 523k hydraulic horsepower 310 total rigs* 975 trucks (HHP) 272 rigs are…
  5. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 5
    4Q17 Update 4Q17 revenues were flat to slightly up sequentially with the cyclical recovery, offset by seasonality and decreased daylight hours Production-oriented well servicing and water logistics segment revenue pricing gains were…
  6. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 6
    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…
  7. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 7
    Operational Update Equipment Counts & Utilization 4Q17 3Q17 2Q17 Well servicing rig hours 159,500 165,200 162,300 Invest in new equipment Well servicing utilization rate 53% 55% 54% Expand into new markets Number of well…
  8. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 8
    Operational Update Market Environment Supply chain operating at high levels of efficiency, little to no delays on jobs due to proppant, chemicals, cement, acid Invest in new equipment Expand into new markets Well service rig…
  9. Scotia Howard Weil 2018 Energy 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. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 10
    Pressure Pumping Fleet Snapshot Fleet Metrics: C&RS Revenue by Service Line 523k total HHP 413k HHP devoted to frac 109k HHP for acid/cementing/other Ten spreads currently operating 120,000 Two in Permian 90,000 Five in…
  11. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 11
    Return on Capital Employed Pumping Equipment Maintenance CapEx Spending and Fleet Rejuvenation Since 2010, BAS has extended the useful life of pumps by an average of 3+ years in any given year through refurbishment Refurb Dollars…
  12. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 12
    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 -…
  13. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 13
    NAMs Preferred Well Service Company BAS operates one of the largest fleets of high-spec service rigs in North America Quarterly Rig Hours Indexed to 1Q16 vs US Peers 160% 140% 120% 100% 80% 1Q16 2Q 3Q 4Q 1Q17 2Q 3Q…
  14. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 14
    Well Servicing is Rapidly Becoming a 24- Hour Operation NUMBER OF 24-HOUR RIG PACKAGES 25 20 15 10 5 0 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 Permian Rockies Gulf Coast Central Appalachia California 15
  15. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 15
    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%…
  16. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 16
    Well Servicing Fleet Snapshot Fleet Metrics: Fleet Distribution by Class 310 Well Service Rigs 247 250 272 Class IV Fleet ranges from 200HP-900HP rigs or Larger 200 272 rigs or 88% of the fleet are late model Class Rigs IV (104…
  17. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 17
    Water Logistics Basics Integrated Fluid Service Business Anchored by Expansive SWD Network Revenue 120 Water sourcing and storage 100 SWD design and installation Integrated truck fleet and SWD network 80 Millions Pipeline…
  18. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 18
    Increasing Market Share Quarterly Truck Hours Indexed to 1Q12 vs Peers 125% 100% 75% 50% BAS Public Peer 1 Public Peer 2 25% 0% 1Q12 3Q 1Q13 3Q 1Q14 3Q 1Q15 3Q 1Q16 3Q 1Q17 3Q Note: Public Peer 2 truck hours indexed…
  19. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 19
    Transition from Trucks to Pipeline For the twelve months ended December 31, 2017, total water volumes were 34.4mm bbls, with 20% of current volume now via pipeline, up from 17% at January 1, 2017 YTD SWD & Pipeline Volumes - 2017…
  20. Scotia Howard Weil 2018 Energy Conference – Basic Energy Services Inc. – slide 20
    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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