Improved Performance U.S. Rig Count Downturn 120% 100% Total Baker Hughes U.S. Land Rig Count: -23% 80% 60% 40% 20% 2008 - 2009 Total PTEN U.S. Rig Count: -46% 0% 120% 100% Total PTEN U.S. Rig Count: -21% 80% 60%…
Why Invest in Patterson-UTI Energy Continuing Transformation Committed to high-spec land rigs where demand remains strong Creating value through focus on well site execution Technology leader Leader in walking rigs for pad…
Additional References Patterson-UTI Energy is a leading provider of contract drilling and pressure pumping services 8 4
Contract Drilling High quality fleet of land drilling rigs including 149 APEX rigs Leader in walking rig technology for pad drilling applications Large footprint across North American drilling markets Components of Revenue…
Contract Drilling A Rig Fleet Transformation Patterson-UTI Energy Total Rig Fleet APEX Mechanical Other Electric Other APEX Mechanical Electric December 2009 Projected December 2015 12 6
APEX Rig Fleet APEX Rigs as of February 24, 2015 and Expected as of December 31, 2015 Class 2/24/2015 12/31/2015 APEX-XK 1500 41 53 APEX-XK 1000 4 4 APEX WALKING 49 49 APEX 1500 44 44 APEX 1000 11 11 Total APEX Rigs 149 161 A…
Patterson-UTI Energy the impact of APEX rigs has been transformative Increasing APEX Drilling Activity Active APEX Rig Count 160 140 120 100 80 60 40 20 0 16 8
PTEN Relative Active Rig Count by Rig Class APEX Other Electric Mechanical 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 17 Greater Stability of Utilization APEX Rig Utilization 120% 100% 80% 60% 40% 20%…
Improving Average Rig Revenue Per Day Patterson-UTI Total Average Rig Revenue Per Day 26,000 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 19 Excludes early-termination revenues during the third and fourth…
Patterson-UTI Energy the APEX rig outlook remains strong Continued Demand for APEX Rigs U.S. Rig Count % by Drilling Type 80% 70% 60% 50% 40% 30% 20% 10% 0% % Horizontal % Vertical 22 Source: Baker Hughes North…
Continued Demand for APEX Rigs Total U.S. Horizontal Rig Count by Power Type Mechanical SCR AC AC-powered rigs have increased as a percentage of the horizontal rig count 23 Analysis from Patterson-UTI Energy based on data…
APEX WALKING Rigs Capable of walking with drill pipe and collars racked in the mast Full multi-directional walking capability Walking times average 45 minutes for 10 15 well spacing 25 25…
APEX-XK Rig Walking on Pad Video of APEX-XK Rig http://patenergy.com/drilling/technology/apexwalk/ 27 27 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 29 29 Enhancing our Position in Pad Drilling…
Early Adopter of Natural Gas Engines http://patenergy.com/drilling/technology 31 31 Using Natural Gas as a Fuel Source First contract driller to use GEs Waukesha natural gas engines on a modern land rig 54 rigs currently…
Pressure Pumping Growing Pressure Pumping Business Investments in Pressure Pumping Have Increased Fleet Size and Quality Pressure Pumping Horsepower (000s) 1,100 1200 1000 800 600 400 65 200 0 2006 2007 2008 2009…
Pressure Pumping Areas A Significant Player in Regional Markets Fracturing Horsepower 32% 68% Northeast Region: Fracturing horsepower: 303,800 Southwest Region: Other horsepower: 54,700 Fracturing horsepower: 638,800 Other…
A Leader in Bi-Fuel Technology http://patenergy.com/pressurepumping/services 37 37 A Leader in Bi-Fuel Technology One of the largest bi-fuel frac fleets in the Marcellus Approximately 1,800 stages completed using natural…
Strong Financial Position History of returning capital to investors Cash Dividend Initiated cash dividend in 2004 Doubled quarterly cash dividend to 0.10 per share in February 2014 Stock Buyback Total of 857 million repurchased…
Investing in Our Drilling Rig Fleet Contract Drilling Capital Expenditures and Acquisitions ( in millions) 785 772 745 656 531 540 525 505 395 361 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E More than 5 billion…
Active in Unconventional Plays PTENs Active Rigs in Unconventional Areas as of February 2015 Bakken 17 Rigs Marcellus 20 Rigs Pinedale Utica 4 Rigs 14 Rigs Piceance Woodford 1 Rig 1 Rig Barnett 1 Rig Haynesville 4…
Strong Financial Position Total liquidity of approximately 200 million* 43.0 million of cash at December 31, 2014 157 million revolver availability at December 31, 2014* 942.5 million net debt at December 31, 2014* 24.5% Net…
Non-GAAP Financial Measures PATTERSON-UTI ENERGY, INC. Non-GAAP Financial Measures (Unaudited) (dollars in thousands) 2014 2013 2012 2011 2010 Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted…
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