MANAGEMENT TEAM Jerry Winchester, CEO Served for thirteen years as the President and CEO of Boots & Coots International Well Control, Inc. which was acquired by Halliburton in September 2010 Started his career with Halliburton in 1981…
COMPANY HIGHLIGHTS Attractive US industry dynamics Drilling: increasing horizontal drilling and efficiency improvements through pad drilling; technology of rig fleet driving margins Pressure Pumping: market is expected to tighten in…
BUSINESS SEGMENTS AND OUTLOOK H1 2014 H1 2014 Adjusted 2014 - 2015 Business Description Adjusted Adjusted EBITDA Outlook Drivers Revenue EBITDA Margin Drilling 6 new contracted rigs by YE Provides land drilling and…
SSE IS AMONG THE LEADING NORTH AMERICAN SERVICE COMPANIES SSE has significant scale to effectively compete with its North American-centric peers 2013 Revenue (in billions) 6.2 4.6 3.4 2.7 2.2 2.0 2.0 1.9 1.9 1.6…
SSE IS WELL POSITIONED FOR CURRENT INDUSTRY TRENDS Current Industry Trend SSE Positioning Full scale development plans of large shale Large, integrated footprint in 8 active basins resources (existing and Shale development…
AREAS OF OPERATIONS Marcellus Shale Niobrara Shale Utica Shale Anadarko Basin Barnett Shale Haynesville Shale Permian Basin Eagle Ford Shale Oklahoma City Headquarters Selected Field Offices As of 9/18/2014 8
CUSTOMER DIVERSIFICATION STRATEGY Replicate Nomac success in winning other third party business with PTL and Great Plains Selected Customers Increased NOMAC other third party rigs to 42% today from 9% at beginning of 2012 Build…
BACKLOG AND SERVICE CONTRACT SUMMARY As of July 1, 2014, our contractual backlog was approximately 2.8B, 4% of which related to contracts with third parties other Contracted Revenues by Business Segment than Chesapeake Backlog…
NOMAC DRILLING Currently the 5th largest drilling rig contractor in the U.S. Utica Shale (7 - CHK, 11 - Other) Nomac has 86 active rigs which operate across unconventional plays (50 operating for CHK; 36 operating for third…
OVERVIEW OF NOMAC RIG FLEET BY AREA Nomac provides land drilling and drilling-related services, including Active Active Total Total SSE Active Market directional drilling and mudlogging Operational Area CHK Other SSE Active Share…
EVOLUTION OF OUR FLEET Improving tier mix contributes to higher operating margin, continuing to increase with rig newbuilds, conversions, and removal of Tier 3 rigs Based on contracted newbuilds, we expect to have 98 rigs by YE 2015…
NOMAC RIG FLEET COMPARED TO PEERS Working to convert fleet to meet long- US Land Rig Fleet Mix term drilling needs of all customers Sep 2014 Currently 90% of our Tier 1 rigs and 90% 57% 54% 44% 42% 34% 24% 18% 13% 2% 61% of our…
PERFORMANCE TECHNOLOGIES Utica Shale 3 spreads operating Anadarko Basin 1 spreads operating Barnett Shale 1 spread operating Eagle Ford Shale 4 spreads operating PTL Operating Areas (Bubble Size by Spread…
PTL OPERATIONS OVERVIEW Provides high-pressure hydraulic fracturing services North American Horsepower by Capacity As of June 30, 2014, owned nine hydraulic Horsepower (000s) fracturing fleets with an aggregate of 360,000 HAL…
HYDRAULIC FRACTURING SUPPLY CHAIN INTEGRATION Own and operate two strategically positioned sand storage and trans Storage and Distribution Facilities load facilities, one in Oklahoma with storage capacity of 140 million pounds and one…
GREAT PLAINS ASSET BASE AND SERVICES Great Plains provides premium rental tools and Air Package specialized services for land-based oil and natural gas drilling, completion, and workover activities Tool Rental Downhole tubular…
GREAT PLAINS CURRENT AND POTENTIAL SERVICE LINES SSE has established and is executing a plan to build out the Great Plains organization to improve profitability Great Plains equipment utilization improved to 48% in Q2 2014 from 34%…
SEVENTY SEVEN TRUCKING ASSETS Water Hauling Truck Great Plains provides water transport and disposal service solutions As of June 30, 2014 we own a fleet of 150 water transport trucks that haul water to and from wells in the…
RECONCILIATION OF CONSOLIDATED NET INCOME TO ADJUSTED EBITDA Three Months Ended June 30, Six Months Ended June 30, 2014 2013 2014 2013 (In thousands) Net Income 21,710 7,176 3,155 21,407 Add: Interest expense 17,615 14,138 32,307…
RECONCILIATION OF OPERATING CASH TO EBITDA Three Months Ended June 30, Six Months Ended June 30, 2014 2013 2014 2013 (In thousands) Cash provided by operating activities 67,352 57,477 121,934 144,870 Add: Changes in assets and…
RECONCILIATION OF DRILLING NET INCOME TO EBITDA Three Months Ended June 30, Six Months Ended June 30, 2014 2013 2014 2013 (In thousands) Net Income 9,541 1,162 7,182 5,719 Add: Income tax expense 5,941 810 4,612 4,169…
RECONCILIATION OF HYDRAULIC FRACTURING NET INCOME TO EBITDA Three Months Ended June 30, Six Months Ended June 30, 2014 2013 2014 2013 (In thousands) Net Income 11,722 15,417 12,317 34,005 Add: 20,915 Income tax expense 7,443…
RECONCILIATION OF OILFIELD RENTALS NET INCOME TO EBITDA Three Months Ended June 30, Six Months Ended June 30, 2014 2013 2014 2013 (In thousands) Net Income 340 (477) (1,796) 1,558 Add: Income tax expense (benefit) 225 (256)…
RECONCILIATION OF OILFIELD TRUCKING NET INCOME TO EBITDA Three Months Ended June 30, Six Months Ended June 30, 2014 2013 2014 2013 (In thousands) Net Income 12,218 2,076 8,821 2,518 Add: Income tax expense 7,614 1,461 5,744…
OUTLOOK AND OPERATING ASSUMPTIONS Outlook for 2014-2015 Nomac and Services Rig day rates to trend Average Active Rigs 76.3 83 - 85 94 - 95 upwards 2% to 5%, Revenue per Operating Day (k) 23.9 23 - 24 24 - 25 primarily due to…
CORPORATE INFORMATION SSE HEADQUARTERS CORPORATE CONTACTS 77nrg.com Bob Jarvis Senior Director Investor 777 NW 63rd St. Relations and Marketing Oklahoma City, OK 73116 bob.jarvis77nrg.com 405-608-7777 405-935-2572 29
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