2Q13 Earnings Presentation July 24, 2013 Presenter: Anthony G. Petrello Chairman, President & Chief Executive Officer
2013 Second Quarter Highlights 3
Gross Debt reduced by 302 million in 2Q13 Sequentially reduced Gross Debt by 302 million through net operating cash, cash on hand, and working capital improvements Net Debt reduced by 219 million sequentially Operating Cash Flow less…
Announced Long-Term Contracts 2012 - Present 30 25 25 NBR 20 15 10 8 HP PTEN 5 0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 Source: Company Press Releases and Conference Calls, Nabors announcements account for 21 PACE-X,…
US Efficiencies Result in More Wells per Rig During Q2, land wells drilled increased by 266 while only three land rigs were added in the United States 8,850 1,759 1,770 8,800 1,760 8,750 8,800 1,750 8,700 1,740 Wells Rigs…
Global Rig Fleet Details AC SCR Mech Total Moving Systems Alaska Land 5 12 2 19 13 Lower 48 157 96 26 279 143 Canada 15 21 29 65 20 International Land 33 65 28 126 49 Offshore 6 40 2 48 n/a Total 216 234 87 537 225 Rigs by Power Type…
2Q13 Rig Utilization & Availability Rig Fleet 2Q13 Rig Years Utilization U.S. Lower 48 AC 141 128 91% Legacy 122 48 40% U.S. Lower 48 Total 263 176 67% U.S. Offshore 24 16 67% Alaska 19 5 26% Canada 65 17 26% International 150…
Progression of US Lower 48 Working Rig Count 2/15/13 % Q1 Exit Q2 Exit Today Bottom Change Nabors Rig 165 175 177 183 10.91% Count BHI US Land 1691 1680 1670 1691 0% Total Count BHI Horizontal 1,139 1,099 1,067 1,058…
International Working Rigs Algeria 10 Ecuador 6 Kurdistan 2 Romania 1 Angola 1 India 5 Kuwait 2 Russia 5 Argentina 17 Iraq 4 Malaysia 2 Saudi Arabia 32 Colombia 7 Italy 1 Mexico 13 UAE 1 Congo 2 Jordan 1 Oman 4 Venezuela 5 As of…
Canada Working Rigs by Play Workover Play Target AC SCR Mechanical Pad Capable Rigs Montney Oil / Gas 3 7 6 1 Duvernay (NW Oil 12 Alberta) Cardium (Central Oil 5 28 Alberta) Saskatchewan Oil 1 6 Oil Sands Oil 1 1 8 Horn River…
Completion & Production Services 15
Completion & Production Services Adjusted Income Derived from Operating Activities (Ms) 2Q12 3Q12 4Q12 1Q13 2Q13 Completion & Production Services: Completion Services 46,144 47,218 30,296 17,756 6,870 Production Services 25,397…
Pressure Pumping Concentrated in Northern U.S. April 2013 was the coldest on record, on April 15th over 80% of state highways were no travel advised due to the heavy snow fall, and more recently May 2013 [was] the wettest on record. -…
U.S. Production Services Rates & Hours 21% CAGR in EBITDA 2009-2012 Well Servicing Rigs: Annual Rates and Hours 580 900,000 540 800,000 500 700,000 460 600,000 420 380 500,000 2009 2010 2011 2012 Rig Hours Rig Rate Fluid…
Summary 20
Key Takeaways Near term remains challenging with limited visibility Outsized operating leverage over longer term Global optionality relative to North America-centric peers Continued focus on EBITDA generation Multiple…
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