Continuing to Keep Our Workforce Safe In response to COVID-19, we have implemented rigorous measures across our global operations to ensure the continuity of our business, the safety of our operations and the health of our people.…
Tough, but Temporary Oil markets are beginning to recover from demand losses from COVID-19 fall-out (15-17 mb/day1) Year-to-Date Crude Oil Quarterly Oil Demand Forecasts3 Monthly Average Spot Prices2 1Q20 2Q20 3Q20 4Q20 70 0 60…
The Long Term View The oil price environment will gradually stabilize and improve as oil & natural gas energy demand recovers There are structural and accelerating decline rates in numerous North American basins Declines continue to…
Ensign, Built to Generate Free Cash Flow through Cycles High Quality, Long-Life Assets More stable international segment, with long At an average age of 9 years, with a full life cycle term and high margin contracts of 25 years, we…
Disciplined Capital Management Reducing Net Debt Debt Maturity Profile1 & Capital Structure 1,800 1,000 1,600 777 770 2 1,400 800 Earliest Senior Millions (CAD) 1,200 Millions (CAD) 7 maturity 14+ Notes 1,000 600 months…
Across Our Global Reach One of the largest and technically advanced land-based drilling companies in the world 55% 11 countries 3,000+ Canada Revenue Distribution people United States Kurdistan 25% 3.4Bn Oman 20%…
High Quality Assets, Globally Positioned The Ensign fleet is well suited to service key petroleum basins around the world FLEET COMPOSITION FLEET DISTRIBUTION Conv. Tele-Double 3600 AC HP 2000 AC HP 10% 1% 4% International Canada Conv.…
Contracted Revenue Reducing risk with diversity in our global contract book Over 60% of our active contracted fleet under long term contracts1 Remaining Contract Tenure 25 Canada 7% 20 855mm 15 contracted International…
Well Positioned in US Basins Active in key basins with high-quality operators 122 NIOBRARA UNITED STATES MARKET 29 Rigs GRANITE The right rigs with the right technology in place to meet Market Share: 45% WASH market conditions…
Focused on Execution in Canada Well positioned in the active regions 101 CANADIAN MARKET The right rigs with the right technology in place to meet market conditions OIL SANDS Majority of rigs working in most active and economic…
Strong International Exposure High-Spec assets on longer term contracts WA / NT AUSTRALIA MIDDLE EAST VENEZUELA QUEENSLAND CSG 13 Rigs 8 Rigs Largest drilling contractor with leading market share in 3 1000 3600 HP 1000 HP 1 distinct…
Gaining Traction with the Performance Based Contract (PBC) Sharing in Value Creation Performance Based base day-rate with 30% upside to day rate based on basin-specific KPI target performance, including overall well cost savings.…
Value Creation through Innovation Edge RigOS & Edge Plus Built around data, Edge RigOS and Edge Plus are modern rig operating systems and platforms for advanced automation Edge Autopilot Full suite and coordination of full suite…
Ensign Advanced Performance Management (APM) Application of our Continuous Process Improvement Edge delivers advanced drilling process automation driving consistent improvement and repeatable performance well-over-well 50+ Edge…
Drilling Record Wells in the Delaware Basin Ensign Performance Case Study Our Edge platform in combination with our APM team and Performance Drillers deliver a 50%+ reduction in cycle times: Previous 40+ day wells Feet per day…
Incremental Revenue Streams Integrated business models COMPLIMENTARY BUSINESSES Completion services Production services 99 Service Rigs Rentals VALUE ADDED Augments EBITDA MPD Units Offsets cyclicality of drilling services…
Powering Our Rigs We continue our efforts to work with our customers to utilize alternative fuels to power our equipment, including: Highline (electric grid-tied) Hybrid Natural Gas Bi-Fuel 19
Our Corporate Responsibility In 2019, we achieved a global Total Recordable Injury Rate (TRIR) of 1.05, a historic low for Ensign Best in class health, safety and operational practices and procedures, such as Ensigns Coach Assist &…
Enduring Value Proposition Creating upside for customers and investors Technology Leadership Enhancing profitability through innovation and advanced technologies Balanced Portfolio Positioned to deliver in any environment in the key…
ENSIGN ENERGY SERVICES INC. 400 5 Ave SW Calgary, AB T2P 0L6 403.262.1361 www.ensignenergy.com ESI.TO
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