Patterson-UTI Energy, Inc. Barclays CEO Energy-Power Conference September 8, 2020
Patterson-UTI Energy Contract Drilling Patterson-UTI Drilling is a leading provider of super-spec drilling rigs with a large footprint across U.S. drilling markets. Pressure Pumping Universal is a full-service pressure pumping…
Market Outlook U.S. drilling activity appears to have stabilized at historically low levels. Drilling contractors with advanced technologies such as automation and remote operations are expected to benefit once drilling activity…
APEX-XK - Early-mover in a Recovery Greater Clearance More Technology Drawworks up on rig floor CORTEX operating system design has more clearance for performance for walking over existing improvement apps wellheads Advanced…
RIG AUTOMATION
PTEN has the Expertise for Automation and Remote Operations RIG AUTOMATION REMOTE OPERATIONS DIRECTIONAL DRILLING AUTOMATION 7
HiFi Nav - Industrys Newest Wellbore Placement Algorithms 8
Alternative Fuel Leadership
Natural Gas Powered Drilling Rigs Utilize lower cost natural gas to help reduce fuel costs Lower emissions than diesel powered rigs PTEN was the first contract driller to use GEs Waukesha natural gas engines on a modern land…
Lithium Hybrid Power System Eco-Cell is a proprietary energy management system that leverages stored energy to optimize fuel efficiency and emissions on drilling rigs Automatically starts/stops engines and sets optimal load to achieve…
High Line Electric Utility Power for Drilling Rigs Electrical engineering, control systems and installation services with in-house solutions to connect to high line utility power Unique expertise for drilling rig power…
Dual-Fuel Natural Gas Powered Frac Spreads Reduces More flexible fuel source as operating costs engines can burn a fuel mix by lowering fuel comprised primarily of costs natural gas Lowers PTEN has completed more emissions for…
Appendix
Super-Spec Rigs as the Technology Platform Super-spec rigs will be the platform from which advancements in automation and remote operations are deployed PTEN is well positioned as a leader in the super-spec rig market Advancements…
PTENs Proprietary Operating System for APEX Rigs 17
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…
Mercury Measurement While Drilling (MWD) Platform Mpower MWD System Robust reliability for todays drilling conditions The new Mercury mud pulse MWD tool from Mpower delivers more information to optimize well placement, improve…
Mpact V+ and VII+ Directional Drilling Mud Motor Design Mpact Downhole Motor The new Mpact V+ and VII+ design incorporates next generation bearings and transmission assemblies which produce better reliability and higher overall…
Drilling the Most Complex Wells 10,000 U-Shaped Lateral Using Patterson-UTIs APEX rig MS Directional well planning, motors and MWD Superior QC HiFi Nav well placement Turned the wellbore 180 in the middle of the lateral and…
DATA ANALYTICS AND REMOTE OPERATIONS
Edge Device Server grade machine installed locally Several communication adapters developed to read/write to control system, EDR, and third party equipment Time series database installed with visualization tools for efficient data…
PTEN+ Advanced Data Analytics and Performance Center Able to remotely monitor PTENs drilling, directional drilling, and pressure pumping operations Staffed by engineers and data analysts: o Drilling optimization engineers who work…
FINANCIAL FOCUS
Strong Balance Sheet Capital Structure ( in millions) 2,229 Stockholders Equity 100 Term loan due June 2022 525 3.95% senior notes due 2028 25% Net Debt / Total Cap 350 5.15% senior notes due 2029 * Balance sheet data as…
Limited Near-Term Debt Maturities Debt Maturity Distribution ( in millions) 525 350 100 2020 2021 2022 1 2023 2024 2025 2 2026 2027 2028 2029 Debt Maturity Year 1 Matures in June 2022 27 2 600 million currently…
Environmental Sustainability
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…
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