Barclays CEO Energy-Power Conference September 4-6, 2018
Review of 2Q18 Earnings Call Repurchased 33.6 million of stock in 2Q18 bringing the total for 1H18 to 50.5 million Including dividends, returned 63.8 million to shareholders in 1H18 including 42.4 million in 2Q18 Signed contracts to…
Evolution of U.S. Land Industry Rig Demand by Rig Type 2014 Rig Count Peak Current Rig Count 8/25/18 MECH 17% MECH 35% AC 40% SCR 17% AC 66% SCR 25% Total 1500hp AC rig count: 602 Total 1500hp AC rig count: 654…
U.S. Land Super-Spec Rig Fleet Growth PTEN holding share in super-spec rig count growth Decrease in upgrade rate in 2018 shows capital discipline in market 600 570 550 500 465 425 375 300 250 130 135 142 100 107 113 52…
Patterson-UTI APEX Rig Fleet Upgradeable to Super-Spec 56 198 APEX Rigs Super-Spec 142 Super-spec rigs defined as 1500hp AC-powered rigs with at least 750,000 pound hookload, pad-capable (walking or skidding) and 7 a…
Patterson-UTI Major Upgrades to Super-Spec Capability Four additional major upgrades New or Refurbished Components on Upgraded Rigs: announced in July 2018 each Mast supported by a four-year customer Substructure with integrated…
Directional Drilling MS Directional, a leading provider of directional drilling services in the United States MS Directional has a strong technology focus with proprietary mud motor, MWD and survey equipment Patented C2 technology…
Superior QC Superior QC services increase the accuracy of wellbore placement to improve well-to-well spacing Reduces Ellipse of Uncertainty of MWD surveys More accurate well spacing provides for better production economics…
Example of Three-Well Pad Drilled Without Correction Three wells (in red) were drilled without survey error corrections using standard MWD and within the industry standard field acceptance criteria Post drilling analysis with…
Future Automation and Remote Operations REMOTE OPERATIONS RIG AUTOMATION Remote operations allow a Consistent, automated processes at specialist to manage multiple wells the wellsite limit safety risks, reduce at one time well costs,…
A premier source for hydraulic fracturing, cementing, nitrogen and acidizing services for reservoir enhancement. Universal Pressure Pumping provides well services primarily in Texas and the Mid-Continent and Appalachian regions.
Pressure Pumping Footprint Active Spread Count 25 By Region As of July 26, 2018 WEST TEXAS / 8 SOUTH TEXAS / 7 APPALACHIA / 7 MID-CONTINENT / 3 14
Innovative: Centralized Logistics Center Efficient procurement and Centralized logistics center includes: logistics of sand and chemicals are important to success in hydraulic fracturing. 24/7 central smart Currently operational…
Innovative Pressure Pumping Technology: Bi-Fuel More flexible Reduces Comparable Good for fuel source as operating torque and environmental engines can costs by horsepower sustainability burn a fuel mix comprised of lowering fuel…
Strong Financial Position Substantial Liquidity 242 million cash as of June 30, 2018 600 million revolver through March 2023 18.4% Net Debt/Total Capital at June 30, 2018 300 million term loan matures October 2020 300 million…
A History of Returning Capital to Shareholders We expect to generate free cash flow in 2018 Patterson-UTI has a history of returning capital to shareholders Cash Returned to Shareholders ( in Millions) 2007 - 2018 250,000 Dividends…
Why Invest in Patterson-UTI Energy Patterson-UTI is the only company in the U.S. onshore unconventional market leveraged to the critical path services of contract drilling, pressure pumping, and directional drilling Patterson-UTI…
Additional References
APEX Class Rigs APEX-XK 1500 67 APEX-XC 1 198 52 APEX 300-Series APEX 1500 41 APEX PK 33 APEX 1000 2 Other AC 2 24
Non-U.S. GAAP Financial Measures (1) (1) Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) is not defined by U.S. GAAP. We define Adjusted EBITDA as net income (loss) plus net interest…
Loading...
