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Johnson Rice Energy Conference – Basic Energy Services Inc.

Basic Energy Services Inc. · Sep 24, 2019 · 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. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 1
    Investor Presentation Johnson Rice Energy Conference September 24-25, 2019
  2. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 2
    Company Overview
  3. Johnson Rice 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. Johnson Rice 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, with upside from completions Completions & remedial levered to new drilling and well recompletions…
  5. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 5
    Extensive Footprint in Prolific Basins Significant exposure to oil basins with a best-in-class Permian position representing over 40% of 1H19 revenue Core Areas (in descending order of 1H19 revenue) 5 1 Permian 2…
  6. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 6
    Company Overview Overview by Segment % of Total Direct Margin by Activity* (1H19) Well Services (31% of 1H19 Revenue) 307 workover rigs Diversified Business Across the Well Lifecycle Leading high-spec workover fleet of 273 rigs…
  7. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 7
    Production Service Businesses Scaled Production Businesses Seeing Steady Demand Well Service Rig Hours Agua Libre Disposal Volumes Rig hours (000s) Total SWD disposal volumes (MMBbls) Rig utilization(1) Pipeline disposal volume…
  8. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 8
    Operational Update 2Q19 1Q19 4Q18 Well servicing rig hours 155,200 165,000 159,600 Well servicing utilization rate (average) 70% 74% 72% Number of well servicing rigs (end of period) 308 310 310 Revenue per rig hour (excluding…
  9. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 9
    Core Business Trends and Outlook Well Servicing utilization has averaged 72% in 1H19, holding relatively steady in a difficult market environment Pricing remains solid, with revenue per rig hour up 2% sequentially in 2Q to 375 Well…
  10. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 10
    Segment Detail
  11. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 11
    Well Servicing Fleet Overview Fleet Metrics Fleet Distribution by Class 242 250 200 273 Class IV or Larger Rigs 150 100 50 27 28 4 2 4 0 Class VI Class V Class IV Class III Class II Class 1 *As of 6/30/2019 Active Rig…
  12. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 12
    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% 170% 160% 150% 140% 130% 120% 110% 100% 90% 80% 1Q16…
  13. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 13
    Water Logistics Revenue Wholly-owned Agua Libre has one of the largest 100 90 networks of SWDs in the industry with a significant 80 concentration in the Permian Basin 70 Millions 60 Agua Libre also includes water…
  14. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 14
    Specialized Completion & Production Services Support drilling, workover and production C&R Revenue by Service Line processes 120,000 Fishing tools and rental equipment for drilling 100,000 and workover processes, including 24-hour…
  15. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 15
    Financial Overview
  16. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 16
    CapEx and Liquidity Update Capital expenditures (including capital leases) for 2Q19 totaled 18.3 million Maintenance/sustaining expenditures were 11.2 million Expansion projects and other totaled 7.0 million At June 30, 2019, our…
  17. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 17
    2H19 Outlook A more challenging environment than a year ago 1H 19 weak start from sub-50/bbl oil environment and uncertainty 2H 19 activity has not rebounded, with revenue levels likely to remain relatively flat to down, with holiday…
  18. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 18
    Basic Investment Highlights Diversified service offerings for U.S. oil and natural gas producers Modern and maintained fleet routinely outperforms on reliability The largest active high-spec well service rig fleet Wholly-owned…
  19. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 19
    Appendix
  20. Johnson Rice Energy Conference – Basic Energy Services Inc. – slide 20
    OUR LIFES WORK IS THE WORK OF THE WELLTM

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