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 continue…
BUSINESS SEGMENTS AND OUTLOOK Q3 2014 Q3 2014 Adjusted 2014 - 2015 Business Description Adjusted Adjusted EBITDA Outlook Drivers Revenue EBITDA Margin Drilling 4 new contracted rigs by YE Provides land drilling and…
SSE IS AMONG THE LEADING NORTH AMERICAN SERVICES COMPANIES SSE has significant scale to effectively compete with its North American 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 1.5 1.3…
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 non CHK business with PTL and Great Plains Selected Customers Increased Nomac non CHK rigs to 42% today from 9% at beginning of 2012 Build business…
BACKLOG AND SERVICE CONTRACT SUMMARY As of September 30, 2014, our contractual backlog was Contracted Revenues by Business Segment approximately 2.6B, 10% of which was related to contracts with operators other than Chesapeake Backlog…
NOMAC DRILLING Currently the 4th largest drilling rig contractor in the U.S. Utica Shale (7 - CHK, 11 - Other) Nomac has 87 active rigs which operate across unconventional plays (50 operating for CHK; 37 operating for other…
OVERVIEW OF NOMAC RIG FLEET BY AREA Nomac provides land drilling and Active Total drilling-related services, including SSE Active Market Operational Area CHK Other Share directional drilling and mudlogging Rigs Rigs Operations are…
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 95 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 91% of our Tier 1 rigs and 90% 57% 54% 44% 42% 34% 24% 18% 13% 2% 63% 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 North American Horsepower by Capacity services Horsepower (000s) As of Sep 30, 2014, owned nine hydraulic HAL 2,500 fracturing fleets with an aggregate of…
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 remained flat from Q2 2014 to Q3…
SEVENTY SEVEN TRUCKING ASSETS Water Hauling Truck Great Plains provides water transport and disposal service solutions As of Sept. 30, 2014, we owned a fleet of 148 water transport trucks that haul water to and from wells in the…
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 23
APPENDIX: RECONCILIATION OF CONSOLIDATED NET INCOME TO ADJUSTED EBITDA Three Months Ended September 30 Nine Months Ended September 30 2014 2013 2014 2013 (In thousands) Net (loss) income (1,770 ) (18,684 ) 1,384 2,725 Add: Interest…
APPENDIX: RECONCILIATION OF OPERATING CASH TO ADJUSTED EBITDA Three Months Ended September 30 Nine Months Ended September 30 2014 2013 2014 2013 (In thousands) Cash provided by operating activities 30,112 131,705 152,046 276,575…
APPENDIX: RECONCILIATION OF DRILLING NET INCOME TO ADJUSTED EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2014 2013 2014 2013 (In thousands) Net income (loss) 15,146 (9,262 ) 22,328 (3,543 ) Add: Income…
APPENDIX: RECONCILIATION OF HYDRAULIC FRACTURING NET INCOME TO ADJUSTED EBITDA Three Months Ended September 30 Nine Months Ended September 30 2014 2013 2014 2013 (In thousands) Net income 23,173 584 35,490 34,589 Add: Income tax…
APPENDIX: RECONCILIATION OF OILFIELD RENTALS NET INCOME TO ADJUSTED EBITDA Three Months Ended September 30 Nine Months Ended September 30 2014 2013 2014 2013 (In thousands) Net (loss) income (686 ) (1,249 ) (2,481 ) 310 Add: Income…
APPENDIX: RECONCILIATION OF OILFIELD TRUCKING NET INCOME TO ADJUSTED EBITDA Three Months Ended September 30 Nine Months Ended September 30 2014 2013 2014 2013 (In thousands) Net (loss) income (3,522 ) 1,365 5,299 3,883 Add: Income…
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