Patterson-UTI Energy, Inc. Scotia Howard Weil 48th Annual Energy Conference March 24, 2020
Market Outlook Economic disruptions related to COVID-19 are having a negative impact on global oil demand. At the same time, announced production increases from Russia and Saudi Arabia are expected to increase oil supply. As a…
History of Scaling the Business During Downturns Total Operating Costs1 vs. PTEN Average Rig Count Total Capital Expenditures vs. PTEN Average Rig Count 2,500 300 1,200 300 Total Operating Costs ( in millions) Capital…
Strong Balance Sheet Capital Structure ( in millions) 2,834 Stockholders Equity 100 Term loan due 2022 525 3.95% senior notes due 2028 22% Net Debt / Total Cap 350 5.15% senior notes due 2029 * Balance sheet data as of…
Limited Near-Term Debt Maturities Debt Maturity Distribution ( in millions) 525 350 100 2020 2021 2022 2023 20241 2025 2026 2027 2028 2029 Debt Maturity Year 6 1 600 million available under undrawn revolving line of…
CONTRACT DRILLING
Evolution of U.S. Land Industry Rig Demand by Rig Power Type 2000 U.S. Land Rig Count by Rig Power Type AC SCR Mechanical 1800 1600 32% 1400 U.S. Land Rig Count 1200 25% 14% 1000 14% 16% 800 12% 17% 11% 11% 11% 600 18%…
Super-Spec Rigs as a Technology Platform Patterson-UTI APEX Rig Fleet Super-spec rigs will be the platform from which advancements in automation and remote operations are deployed Upgradeable PTEN is well positioned as a leader in…
Automation and Remote Operations RIG AUTOMATION REMOTE OPERATIONS Consistent, automated processes at the Remote operations allow a specialist to wellsite limit safety risks, reduce well costs, manage multiple wells at one time…
Applications Adaptive Auto-Driller: Automated Toolface Adaptive control loops maximize Drilling Control rate of penetration (ROP) through Closed loop technology that changing formations and minimize automates toolface control…
Superior QC Superior QC services increase the accuracy of wellbore placement to improve well-to- well spacing More accurate well spacing provides for: Fewer frac hits Less parent-child communication between wells Generally…
Bit Guidance Superior QC Bit Guidance Superior QCs directional drilling control combined with Superior QCs Fault Detection, Isolation, and Recovery (FDIR) software provides for real-time corrections and accurate well placement,…
powered by GenAssist is an energy management software system that leverages EcoCells stored energy to optimize fuel efficiency and emissions. Automatically starts/stops engines and sets optimal load to achieve best possible fuel…
PRESSURE PUMPING
Dual-Fuel Frac Spreads More flexible Reduces fuel source as operating engines can costs by burn a fuel mix comprised of lowering fuel up to 70% costs natural gas Comparable Good for torque and environmental horsepower…
Dual-Fuel Frac Spreads Patterson-UTI began dual fuel operations in 2012 Patterson-UTI has completed more than 12,400 dual fuel fracturing stages saving customers approximately 10 million gallons of diesel more than 7.3…
Blender Remote Control & Automation Developing new control systems to allow the blender to be remotely operated from the data van Increased data collection capability will improve predictive analytics modeling helping to improve…
Using AI with Digital Twin Technology Predictive analytics utilizing AI and digital twin technology Continuously monitors PTENs frac trailers Improves operational performance Reduces operating costs 19
ENVIRONMENTAL AND SOCIAL RESPONSIBILITY
Patterson-UTI Core Values Safety and Environment o We believe that the safety of our employees and the protection of our environment is a cornerstone Operational Excellence o We deliver high-quality, value-added services and focus…
Environmental Air Quality o We utilize natural gas engines, dual-fuel equipment and other technologies that reduce our air emissions Water Quality o We strive to conduct our drilling and completion activities in a manner that…
Social Our people are our most important asset and our greatest strength Health and Safety o Our goal is to provide an incident-free work environment. The safety of our employees and others is our highest priority Diversity and…
Patterson-UTI Energy, Inc. Contract Drilling Originally founded in 1978, Patterson-UTIs contract drilling business is a leading provider of super-spec drilling rigs with a large footprint across U.S. drilling markets. Pressure…
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…
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