GHS 100 Energy Conference June 24, 2014 Chicago, IL OUR LIFES WORK IS THE LIFE OF THE WELLTM NYSE: BAS
Proven Growth Strategy TM Our Lifes Work is the Life of the Well Basic Energy Services supports its customers well site activities from cradle to grave Diversified service offering poised for future growth opportunities The…
Our Lifes Work is the Life of the WellTM Every Well is a Potential Life-Long Customer Production Basics Strategy for Success 1. Rate of Returns Driven 2. Proven Management with Ability to Weather Cycles 3. Diversified Service…
Diversified Oil Service Company Completion and Remedial Services Fluid Services 40% of revenue 27% of revenue Contract Drilling 4% of revenue Well Servicing 29% of revenue Revenue percentages are for LTM ended March 31,…
Extensive Footprint in Prolific Basins Significant Exposure to Major Oil and Gas Markets 70% Revenue Exposure to Oil and Liquids Activity Appalachia BAKKEN 190,000+ Gross Wells (10% oil) APPALACHIA Rocky Mountains 130,000+…
Significant Presence in the Permian Basin Represents about 43% of BAS current revenue stream BAS presence in the Permian Basin dates to its founding in 1992 Levelland Provides a significant market for the full range Loco Hills of…
Positioned to Grow with Horizontal & Pad Drilling Service Capabilities Core Suite of Services Vertical Well Horizontal/Directional Well Drilling rigs Pad drilling Cementing Acidizing Squeeze-cementing (workover) Fracturing and…
Diverse Customer Mix Revenue by Our Customer Group Active Rigs by Well Type Lower 48 Customer Revenue 14% to Basic 12% Grouping 25% 37% Large 6 mm 31% 55% Medium 65 k < 6 mm 63% 63% Small < 65 k Directional Horizontal Oil Gas…
Diversified Customer Base Top Ten Customers for 2013 Represented 35% of Revenues (1) Top Ten Customers for 2013 North American E&P Company Spending 180 160 140 120 100 80 60 40 20 0 2006 2007 2008 2009 2010 2011…
Capital Expenditure Budget 2014 Plan Financial Flexibility to Adjust Capital Investments Based on Market Conditions Total 2014 Budget: 285 million millions Expansion Budget Components 8 5 1 122 34 155 115 Completion &…
How We Manage Through Cycles Invest in new equipment Expand into new markets Maximize utilization to increase market share Develop new service offerings Upcycle Match CapEx to cash flow Downcycle Maximize utilization to…
Equipment Matched to Market Needs By Maintaining a Modern and Active Asset Base, We Are Better Able to Earn Our Customers Business While Reducing the Risk of Potential Downtime Our Modern Fleet Operate a modern fleet matched to the…
Disciplined Approach to Acquisitions Recent Strategic Acquisitions and Expansions Full-Year 2011 (216.4 million) Plugging Water recycling Enhances Salt water disposal wells Existing Suite of Services Coil tubing Stimulation…
Specialized Completion & Remedial Services Focused on Markets Traditionally Underserved by Larger Competitors Revenue Support drilling, workover and production 180 160 processes 140 Pumping services for cementing, acidizing, 120…
Quarterly Pumping Services Jobs & Revenue 120 2,500 100 2,000 80 Number of Jobs 1,500 Millions 60 1,000 40 500 20 0 0 1Q11 1Q08 1Q09 1Q10 1Q12 1Q13 1Q14 2Q 3Q 4Q 2Q 3Q 4Q…
Pumping Services HHP Allocation 297,000 Total HHP 400,000 Total HHP Dec 31, 2013 HHP by District Dec 31, 2014 HHP by District* Ark-La-Tex 43,600 6,800 40,200 6,700 Ark-La-Tex Mid-Con Mid-Con 67,200 134,200 215,400 Permian Basin…
Fluid Services Basic Continues to Grow Integrated Fluid Service Business Anchored by SWD Expansion Revenue Transportation and disposal of salt water 120 produced as a by-product of oil and gas 100 production Sale, transportation,…
Fluid Service Truck Hours/Average of Trucks 235,000 1,050 1,000 215,000 Average Number of Trucks 950 195,000 Truck Hours 900 175,000 850 155,000 800 135,000 750 115,000 700 Jan09 Jan10 Jan11 Jan12 Jan13…
Fluid Service Truck Hours/ of SWD Wells 235,000 90 Number of Salt Water Disposal Wells 85 215,000 80 195,000 Truck Hours 75 175,000 70 155,000 65 135,000 60 115,000 55 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14…
Well Servicing Rigs Facilitate Down Hole Activity Revenue Service Work - routine maintenance of down- 120 hole equipment to return well to production 100 Workover - periodic major maintenance and 80 renovation to sustain or improve…
Well Servicing Rig Utilization Rates Steady Activity Levels in Oil and Liquid-Directed Markets Continue to Drive Demand 85,000 90% 80% 75,000 70% 65,000 60% Utilization Rate Rig Hours 50% 55,000 40% 45,000 30%…
Contract Drilling 12 Rig Fleet Customized to the Permian Basin Market Area Revenue Fleet of 12 drilling rigs in the Permian Basin 18 One 16 Two pre-set casing rig 1,200HP SCR rigs 14 12 Millions 10 8 6 4 Three 2 Six…
Cycle-Tested Balance Sheet That Funds Growth Disciplined Approach to Capital Deployment Debt Maturity Distribution 500 Debt Ratios at March 31, 2014 450 Adjusted EBITDA / Interest Expense 4.0 x 400 Total Debt / Adjusted EBITDA…
BAS Financial Policy Disciplined Growth Strategy with Capital Structure in Mind Capital expenditures paid through existing cash balances and cash flow Acquisitions under 25 million paid through existing cash balance Acquisitions over…
Back to Basics Diversified service offerings for Providing a safe work environment is a top both vertical and horizontal activity priority Returns driven through the cycles Modern fleet matched to market needs Operating in basins…
Explanatory Information Adjusted EBITDA means earnings before interest, taxes, depreciation, amortization., gain or loss of disposal of assets and any non-recurring items. Adjusted EBITDA is used as an supplemental financial measure by…
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