Patterson-UTI Energy is a leading provider of contract drilling and pressure pumping services 3 Contract Drilling High quality fleet of land drilling rigs including 139 APEX rigs Leader in walking rig technology for pad…
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) 785 775 745 656 531 540 505 395 361 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 September 2014 Rockies 33 Rigs Mid-Continent Appalachia 26 Rigs & Midwest 37 Rigs Permian Basin North Texas 56 Rigs 7 Rigs South Texas East…
Increasing APEX Drilling Activity Active APEX Rig Count 140 120 100 80 60 40 20 0 11 PTEN Relative Rig Count by Rig Class APEX Other Electric Mechanical 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%…
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…
EBITDA Contribution from High Specification Rigs APEX & Other Electric Mechanical 2010 2011 2012 2013 2014 Preferred rigs account for approximately 89% of Contract Drilling EBITDA 15 Excludes early-termination revenues during…
Continued Demand for APEX Rigs U.S. Rig Count % by Drilling Type 80% 70% 60% 50% 40% 30% 20% 10% 0% % Horizontal % Vertical 17 Source: Baker Hughes North America Rotary Rig Count Continued Demand for APEX Rigs Total…
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 Minimized 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 43 rigs currently configured to use natural gas as the primary fuel source including 8 natural gas powered rigs…
Investing in Pressure Pumping Pressure Pumping Capital Expenditures and Acquisitions ( in millions) 289 285 198 194 123 61 41 48 43 2006 2007 2008 2009 2010 2011 2012 2013 2014E Approximately 1 billion invested since 2005…
Pressure Pumping Areas A Significant Player in Regional Markets Fracturing Horsepower 45% 55% Northeast Region: Fracturing horsepower: 320,000 Southwest Region: Other horsepower: 55,000 Fracturing horsepower: 389,000 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 Approximately 1,000 stages completed using natural…
Investing in Our Company Capital Expenditures and Acquisitions ( in millions) 1,100 976 1,012 974 637 662 598 445 453 2006 2007 2008 2009 2010 2011 2012 2013 2014E 37 2014 Capital expenditure forecast as of July 24,…
Strong Financial Position Total Liquidity 800 ( in millions) Line of Credit Availability Cash 710 700 600 571 581 500 398 387 400 300 283 273 244 208 200 100 0 2006 2007 2008 2009 2010 2011 2012 2013 2Q14 Year End…
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…
Johnson Rice & Company 2014 Energy Conference September 29-30, 2014 Additional References 22
Active in Unconventional Plays PTENs Active Rigs in Unconventional Areas as of September 2014 Bakken 20 Rigs Marcellus 19 Rigs Pinedale Utica 4 Rigs 18 Rigs Piceance Woodford 3 Rigs 3 Rigs Barnett 2 Rigs Haynesville…
Strong Financial Position Total liquidity of approximately 581 million 121 million of cash at June 30, 2014 460 million revolver availability at June 30, 2014 567 million net debt at June 30, 2014 16.6% Net Debt/Total…
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) (dollars in thousands) 2013 2012 2011 2010 2009 Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)(1): Net income…
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