Why Invest in Patterson-UTI Energy Technology leader Leader in walking rigs for pad drilling Innovator in use of natural gas as a fuel source for both drilling and pressure pumping Customer focused Solid relationships with broad…
Contract Drilling High quality fleet of land drilling rigs including 125 APEX rigs Leader in walking rig technology for pad drilling applications Large footprint across North American drilling markets Components of Revenue…
Contract Drilling Continued Demand for APEX Rigs Percentage of Horizontal Wells Continues to Increase Baker Hughes U.S. Rig Count 80% % by Drilling Type 70% 60% 50% 40% 30% 20% 10% 0% 2003 2004 2005 2006 2007 2008 2009…
APEX Rig Fleet APEX Rigs as of March 4, 2014 and Expected as of December 31, 2014 Class 3/4/2014 12/31/2014 APEX-XK 1500 17 36 APEX-XK 1000 4 4 APEX WALKING 49 49 APEX 1500 44 44 APEX 1000 11 11 Total APEX Rigs 125 144 A…
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 10 15 well spacing…
APEX-XK Rig Walking on Pad Video of APEX-XK Rig http://patenergy.com/drilling/technology/apexwalk/ 13 The APEX-XK Enhanced mobility including more efficient rig up and rig down Greater clearance under rig floor for…
Enhancing our Position in Pad Drilling Walking Systems Can be Added to Any Rig in Our Fleet Allowing for True Multi-Directional Pad Drilling Capabilities 15 Enhancing our Position in Pad Drilling…
Early Adopter of Natural Gas Engines http://patenergy.com/drilling/technology 17 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…
Large Geographic Footprint PTENs Active U.S. Land Drilling Rigs as of March 2014 Rockies 32 Rigs Appalachia & Midwest Mid-Continent 32 Rigs North Texas 25 Rigs 5 Rigs East Texas Permian Basin 13 Rigs 53 Rigs South…
A Leader in Bi-Fuel Technology Engines can burn a fuel mix comprised of up to 70% natural gas Comparable torque and horsepower as an all diesel engine Reduces operating costs by lowering fuel costs Good for environmental…
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 a fuel source Replaced more than 332,000 gallons of diesel with cleaner burning natural…
Financial Flexibility Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 1,012 976 974 950 637 662 598 445 453 2006 2007 2008 2009 2010 2011 2012 2013 2014E 26 13
A Different Size Company Average 2008-2010 Average 2011-2013 +86% 3,000 2,500 2,000 (Millions) 1,500 +81% 1,000 500 0 Revenue EBITDA Strong Financial Position History of returning capital to investors Cash…
Strong Financial Position Total liquidity of approximately 710 million 250 million of cash at December 31, 2013 460 million revolver availability at December 31, 2013 443 million net debt at September 30, 2013 13.8% Net Debt/Total…
Additional References Active in Unconventional Plays PTENs Active Rigs in Unconventional Areas as of March 2014 Bakken 20 Rigs Marcellus 21 Rigs Utica 11 Rigs Piceance 2 Rigs Woodford 2 Rigs Barnett 2 Rigs…
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…
Pressure Pumping Areas of Operation A Significant Player in Regional Markets Fracturing Horsepower 51% 49% Northeast Region: Fracturing horsepower: 332,000 Southwest Region: Other horsepower: 60,600 Fracturing horsepower:…
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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