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Scotia Howard Weil Energy Conference – Basic Energy Services Inc.

Basic Energy Services Inc. · Mar 25, 2019 · 24 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 Energy Conference – Basic Energy Services Inc. – slide 1
    OUR LIFES WORK IS THE LIFE OF THE WELL Investor Presentation 47th Annual Scotia Howard Weil Energy Conference March 26-27, 2019
  2. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 2
    Company Overview
  3. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 3
    Our Basic Story Investing in our business to capture efficiencies and modernize how we work and engage with customers and employees, along with targeted investments in our midstream water disposal business with a focus on continuing…
  4. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 4
    Basic Energy Services At a Glance Balanced & Diversified Product Portfolio Well servicing and water logistics levered to production Completions & remedial levered to new drilling and well recompletions Strong presence in most…
  5. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 5
    Proven Operating Strategy Our Lifes Work is the Life of the Well TM Basic supports customer Diversified service offering with Strong market position wellsite activities from initial emphasis on stable producing in the most…
  6. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 6
    Extensive Footprint in Prolific Basins Significant Exposure to Major Oil Basins with 80% Revenue Exposure to Oil and Liquids Activity Core Regions 5 1 Permian 2 Eagle Ford 4 3 Mid-Continent 6 3 4 PRB / Niobrara 1 5…
  7. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 7
    Primary Service Lines Well Servicing Water Logistics Completion & Remedial Increasingly preferred completion One of the most extensive networks Pumping services for cementing, tool for longer laterals of SWDs acidizing,…
  8. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 8
    Company Overview % of Total Direct Overview by Segment Margin by Activity* (2018) Well Services Diversified Business Across the Well Lifecycle 310 workover rigs Leading high-spec workover fleet of 272 rigs Well Water Servicing…
  9. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 9
    Production Service Businesses Scaled Production Businesses Seeing Steadily Increasing Demand Well Service Rig Hours SWD Disposal Volumes Rig hours (000s) Total SWD disposal volumes (MMBbls) Rig utilization(1) Pipeline disposal…
  10. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 10
    Core Business Trends and Outlook Well Servicing utilization was a seasonally strong 72% in 4Q18 despite an unusually large weather impact in October Pricing remains solid, with revenue per rig hour up 3% sequentially in 4Q to 368…
  11. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 11
    Operational Update 4Q18 3Q18 2Q18 Well servicing rig hours 159,600 180,300 181,600 Well servicing utilization rate (average) 72% 82% 82% Number of well servicing rigs (end of period) 310 310 310 Revenue per rig hour (excluding…
  12. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 12
    Well Servicing Well Servicing Rigs Facilitate Down Hole Activity Revenue Segment Direct Margin* 310 Rigs by Market Area** California 105 30 30% 5% 90 25 25% Ark-La-Tex 75 5% 20 20% Millions Millions 60 15 15% Gulf…
  13. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 13
    Well Servicing Fleet Overview Fleet Metrics Fleet Distribution by Class 247 250 200 272 Class IV or 150 Larger Rigs 100 50 32 21 4 2 4 0 Class 1 Class II Class III Class IV Class V Class VI *As of 12/31/2018 Active Rig…
  14. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 14
    Well Service Company of Choice BAS operates the largest domestic fleet of active high-spec well service rigs Quarterly Rig Hours Indexed to 1Q16 vs Public US Peers 180% 4Q18 normal seasonal decline exacerbated by weather impact…
  15. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 15
    Well Servicing is Rapidly Becoming a 24-Hour Operation 24 Hour Rig Packages Bundling of Basics rental and fishing tools with a 24-hour well service job has been well received by customers Packages vary and include additional Basic…
  16. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 16
    Water Logistics Basics Integrated Fluid Service Business Anchored by Access to an Expansive SWD Network Revenue 100 One of the largest networks of SWDs in the industry 90 80 Water sourcing and storage 70 Millions 60 SWD…
  17. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 17
    The Permian Basin Water Story Our Primary Midstream Market The Permian produced an average of more than 3.9 million barrels per day as of January, according to the Energy Information Administration. Analytics firm IHS Markit estimates…
  18. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 18
    Specialized Completion & Production Services Support drilling, workover and production C&RS Revenue by Service Line processes Fishing tools and rental equipment for drilling 120,000 and workover processes, including 24-hour…
  19. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 19
    Financial Overview
  20. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 20
    CapEx and Liquidity Update Capital expenditures (including capital leases) for 4Q18 totaled 19.6 million Maintenance/sustaining expenditures were 17.9 million Expansion projects and other totaled 1.7 million At December 31, 2018, our…
  21. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 21
    2019 Outlook A tale of two halves: 1H 19 weak start from sub-50/bbl oil environment and uncertainty 2H 19 recovery in primary liquids basins w/+60/bbl prices full year Full year certain secular trends continuing: Water Water Water…
  22. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 22
    Basic Investment Highlights Diversified service offerings for U.S. oil and natural gas producers Modern and maintained fleet routinely outperforms on reliability; vertically-integrated well service business The largest active…
  23. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 23
    Appendix
  24. Scotia Howard Weil Energy Conference – Basic Energy Services Inc. – slide 24
    OUR LIFES WORK IS THE LIFE OF THE WELL

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