4Q14 Earnings Presentation March 3, 2015 Presenters: Anthony G. Petrello Chairman, President & Chief Executive Officer William Restrepo Chief Financial Officer
Combination of Nabors Completion & Production Services with C&J Energy Services Update S-4 Filed, became effective Febuary 13, 2015 C&J shareholder special meeting to approve transaction set for March 20, 2015 Expected to close the…
Improving Financial Flexibility High 3Q14 Liquidity Change Change (MM's) 3/31/12 9/30/14 12/31/14 4Q14 from High 3Q14 to 4Q14 Total Debt 4,773 4,255 4,355 (418) 100 Cash and ST Investments 494 465 536 42 71 Net Debt 4,279 3,791 3,819…
Drilling & Rig Services 8
4Q14 Rig Utilization & Availability 4Q14 Rig Average Rig Fleet(1) Years Utilization U.S. Lower 48 AC 165 154 93% Legacy(2) 88 45 51% U.S. Lower 48 Total 253 198 78% U.S. Offshore 16 8 50% Alaska 19 6 32% Canada 57 37 65%…
4Q14 U.S. Rig Utilization Power Type and Pad Capability Walking Skidding Pad Capable Not Pad Capable Total Working Total Util. Working Total Util. Total Working Total Util. AC 99 109 91% 17 18 94% 91% 30 38 79% 88% SCR 4 6 67% 7…
PACE-X Rig Deployments & Rig Years 35 30 25 20 15 10 5 0 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 Deployments Cumulative Deployments Cumulative Rig Years 30 PACE-X Rig Years through 4Q14 11
4Q14 International Working Rigs Algeria 10 Ecuador 5 Kurdistan 2 Romania 1 Angola 1 India 3 Kuwait 2 Russia 6 Argentina 22 Iraq 1 Malaysia 1 Saudi Arabia 40 Bahrain 1 Italy 1 Mexico 7 Venezuela 5 Colombia 8 Kazakhstan 2 Oman 5…
Key Takeaways Focus efforts to balance current market pricing and utilization, while adjusting our cost structure and capital spending as necessary. Pursue opportunities to add rigs in high-spec drilling markets around the globe at…
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