Patterson-UTI Energy is a leading provider of contract drilling and pressure pumping services Contract Drilling High quality fleet of land drilling rigs including 127 APEX rigs Leader in walking rig technology for pad drilling…
Pressure Pumping High quality fleet of modern pressure pumping equipment A leader in natural gas bi-fuel technology Strong reputation for regional knowledge and efficient operations Components of Revenue Pressure Pumping…
Investing in Our Drilling Rig Fleet Contract Drilling Capital Expenditures and Acquisitions ( in millions) 785 745 700 656 531 540 505 395 361 2006 2007 2008 2009 2010 2011 2012 2013 2014E More than 4.5 billion invested…
Large Geographic Footprint PTENs Active U.S. Land Drilling Rigs as of March 2014 Rockies 31 Rigs Appalachia & Midwest Mid-Continent 33 Rigs North Texas 25 Rigs 5 Rigs East Texas Permian Basin 13 Rigs 53 Rigs South…
Greater Consistency in Rig Activity Active APEX Rig Count 140 120 100 80 60 40 20 0 11 Rig Count by Rig Class APEX Other Electric Mechanical 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 12 6
Greater Stability of Utilization APEX Rig Utilization 120% 100% 80% 60% 40% 20% 0% 13 Improving Average Revenue Per Day Patterson-UTI Total Average Revenue Per Day 26,000 24,000 22,000 20,000 18,000…
Contribution from High Specification Rigs APEX & Other Electric Mechanical 2010 2011 2012 2013 Preferred rigs account for approximately 87% of Contract Drilling EBITDA 15 Excludes early-termination revenues during the third and…
Continued Demand for APEX Rigs U.S. Rig Count % by Drilling Type 80% 70% 60% 50% 40% 30% High-Spec rigs account 20% for less than half of the total horizontal rig count 10% 0% 2003 2004 2005 2006 2007 2008 2009 2010 2011…
Why invest in APEX rigs Patterson-UTI is a technology leader APEX WALKING Rigs Capable of walking with drill pipe and collars racked in derrick Full multi-directional walking capability Walking times average 45 minutes for…
Strong Demand for Pad Drilling Pad drilling is contributing to increasing rig efficiency Pad drilling capable rigs are highly utilized All new APEX rigs completed in 2014 are expected to have walking systems…
The APEX-XK Enhanced mobility including more efficient rig up and rig down Greater clearance under rig floor for optional walking system Advanced environmental spill control integrated into drilling floor Optimized number of…
Enhancing our Position in Pad Drilling http://patenergy.com/drilling/technology 25 25 Early Adopter of Natural Gas Engines http://patenergy.com/drilling/technology 26 26 13
Using Natural Gas as a Fuel Source First contract driller to use GEs Waukesha natural gas engines on a modern land rig 28 rigs currently configured to use natural gas as the primary fuel source including 7 natural gas powered rigs…
Investing in Pressure Pumping Pressure Pumping Capital Expenditures and Acquisitions ( in millions) 289 198 210 194 123 61 41 48 43 2006 2007 2008 2009 2010 2011 2012 2013 2014E Approximately 1 billion invested since…
Pressure Pumping Areas A Significant Player in Regional Markets Fracturing Horsepower 51% 49% Northeast Region: Fracturing horsepower: 332,000 Southwest Region: Other horsepower: 60,600 Fracturing horsepower: 343,000 Other…
A Leader in Bi-Fuel Technology http://patenergy.com/pressurepumping/services 33 33 A Leader in Bi-Fuel Technology One of the largest bi-fuel frac fleets in the Marcellus More than 600 stages completed using natural gas as…
Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 976 1,012 974 950 637 662 598 445 453 2006 2007 2008 2009 2010 2011 2012 2013 2014E 37 Strong Financial Position History of returning…
Strong Financial Position Total Liquidity ( in millions) Line of Credit Availability Cash 710 571 398 387 283 273 244 208 2006 2007 2008 2009 2010 2011 2012 2013 Year End 39 Liquidity defined as end of period cash…
Strong Financial Returns Growth in Per-Share Book Value 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 41 Why Invest in Patterson-UTI Energy Continuing Transformation Committed to high-spec land…
Howard Weil 42nd Annual Energy Conference March 25-26, 2014 Additional References 22
Active in Unconventional Plays PTENs Active Rigs in Unconventional Areas as of March 2014 Bakken 19 Rigs Marcellus 21 Rigs Utica 12 Rigs Piceance Woodford 2 Rigs 2 Rigs Barnett 2 Rigs Haynesville 5 Rigs Eagle Ford…
Term Contract Coverage Based on term contracts in place as of February 6, 2014 An average of 124 rigs expected under term contract in the first quarter of 2014 An average of 93 rigs expected under term contract for 2014 Drilling…
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) Three Months Ended Twelve Months Ended (dollars in thousands) December 31, December 31, 2013 2012 2013 2012 Earnings Before Interest,…
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