HELMERICH & PAYNE, INC. Scotia Howard Weil 47th Annual Energy Conference March 25-26, 2019 Data as of 1/29/2019 unless otherwise noted. 0
Helmerich & Payne, Inc. 2
H&P Investment Thesis Industry Leader in U.S. Land Drilling FlexRig Fleet Poised for Continued Market Share Gains Most Capable and Uniform Fleet Outperformed OSX in 8 Out of Last 10* Years Consistent Operational Excellence (Safety,…
H&P Today Founded in 1920, H&P is the industrys most trusted drilling partner. Committed to operational excellence and conservative financial discipline, H&P is the recognized industry leader in drilling as well as technological…
Why H&P U.S. Land industry leader with dominant position poised for future gains Important to be adaptable in volatile markets Rig release notifications from the beginning of the year have moderated supporting the activity outlook…
Wellbore Quality & Accuracy Extracting Higher Value from Shale Assets Motive and MagVAR acquisitions create a powerful platform and compelling value opportunity for E&P companies Offers flexibility for E&Ps to select best technology…
Wellbore Quality 7
MOTIVE Drilling Technologies Motive is the industry leader in the use of cognitive computing software to guide the directional drilling process. The Motive Bit Guidance System is a directional drilling automation platform. It is a…
Wellbore Quality Standardization and Repeatability Which lumber would you use to build your house (A) (B) Industry should strive to Why does it accept (B) manufacture horizontal today wellbores like the (A) wood pile, the highest…
Wellbore Quality = Higher E&P Returns Tortuosity values for horizontal, curve and vertical sections are calculated from about 2400 publicly available directional surveys for a basin in the US. The study uses data from hundreds of…
Traditional Directional Drilling Challenges Status Quo: Well Design Difficult to Achieve Planned Poor drilling accuracy Trajectory Missed targets/pay zones Actual Result Inconsistent Drilling Practices Increased tortuosity, poor…
Science Based Decision Making Motive Results (Performance Focused): Planned Improved Accuracy Well Drilled to Trajectory MOTIVE Plan Result Hitting target and more time in pay zone Consistent Drilling Practices Decreased…
Bit Guidance System Key Components Value Driven Decision Making Convergence Planner Millions of potential options are considered by Bit Guidance System to find the optimal, most economic convergence back to the well plan…
MOTIVE Bit Guidance System Motive has commercially drilled over 12 million feet on over 800 wells across all of the major U.S. shale plays and Canada Motive has been issued 19 U.S. Patents Today Motive operates on both H&P FlexRigs…
Path Towards Automation Using the autonomous car analogy, H&P with its new AutoSlide functionality is entering level 4 out of the 5 levels, where there is still a driver but he is not required to touch the steering wheel except in rare…
AutoSlide The Next Evolutionary Step in Drilling Automation Standardizes highest quality well paths by providing automated and optimized slide execution with no human dependency Searches for optimal parameters in real-time to…
FlexRig Operating System with AutoSlide Motive Bit Guidance tells the automation system where, when and how far to slide and controls the FlexRig through the slide. Source: Company video 17
H&P FlexRig AutoSlide Currently outperforming very experienced directional drillers Less overall time to drill the curve Improved tool face precision While the Motive Bit Guidance System can be used on all rigs, AutoSlide is only…
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Magnetic Variation Services Unconventional Drilling Why Surveying Accuracy Matters MagVAR is a leading software provider of measurement while drilling (MWD) geomagnetic referencing and survey quality management MagVARs…
Wellbore Placement Optimal Spacing Drives Life of Well Production The path can be as important as the destinationThe industry is leaving hydrocarbons behind MagVAR has developed a complete well placement solution that enables…
Wellbore Accuracy = Higher E&P Returns Optimal Spacing Drives Life of Well Production March 3, 2019 For wells spaced 375 feet apart, the interference could cause a 28% loss in production over the wells life, compared with wells…
Optimized Wellbore Placement Why is Wellbore Placement Critical Reservoir: Directly impacts well performance by increasing stimulate reservoir volume; optimal drainage, more frac wings Completions: improving hydraulic communication…
Positional Uncertainties Where Is Your Wellbore Reducing Ellipse of Uncertainty If you plan this Why should you expect this Lateral Uncertainty at TD for West Texas Well Orientation Lateral Length MWD MWD+IFR1 MWD+IFR1+MS (ft)…
MagVAR Survey Correction MagVAR high accuracy modeling of the Earths crustal magnetic field significantly improves MWD accuracy Reduces the cost and risks associated with positional uncertainty, which include: Reduced oil recovery…
Wellbore Quality & Accuracy Motive uses cognitive computing software to drill higher quality wellbores Wellbore quality is standardized and repeatable resulting in higher economic returns for E&P customers Converts directional…
H&P Value Creation H&P is the industry leader in U.S. land drilling with the most capable, uniform rig fleet H&Ps uniform FlexRig fleet creates adaptive environment to reach maximum efficiency People crew training, safety Equipment…
Helmerich & Payne, Inc. Thank you for your interest in H&P. Our stock is traded on the NYSE, ticker symbol - HP For more information please visit our website at www.hpinc.com or contact: Dave Wilson, CFA, CPA Director of Investor…
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