Dahlman Rose & Co. Ultimate Oil Services and E&P Conference December 3 4, 2012 New York, New York
Calfrac Snapshot TSX:CFW International service provider with operations in Canada, United States, Russia, Mexico, Argentina and Colombia Market capitalization (November 27/12) 1.0 billion Working capital (September 30/12) 353.2…
Pressure Pumping Focus Revenue by Service Line YTD September 30, 2012 Fracturing has been and will continue to be our focus. Coiled Tubing 7% Fracturing has been one of the single Cementing 2% largest beneficiaries of…
Worldwide Operations September 30, 2012 Canada RUSSIA Equipment Fleet: 15 fracturing spreads totalling 306,000 horsepower 22 coiled tubing crews CANADA UNITED STATES United States Russia Equipment Fleet: Equipment Fleet:…
Technology Fluid Systems for Todays Oil Development CleanTech: A unique, proprietary gel system that offers superior proppant suspension and enhanced clean up for optimum production. 28% Acid Package: DAS-100 acid system is a…
Technology Flowloop Friction Simulators Flow loops used to optimize friction reducers, confirm compatibility with other additives and to evaluate/develop new materials. Ultra Deep Coiled Tubing Unit Construction of a coiled…
Canada 8
Canada Latest Developments Renewed focus on light oil plays using horizontal wells with multi-stage fracturing treatments. Activity remains strong in the liquid-rich plays of northwest Alberta. Signed long-term minimum commitment…
Western Canada Natural Gas Resource Plays at a Glance Horn River Horn River Montney Crew size: 40,00050,000 HP Crew size: 15,00030,000 HP Fort Nelson Fracs/Well: 1015 Fracs/well: 2025 Stage size: 150300 tonnes Stage size: 100200…
Western Canada Crude Oil Resource Plays at a Glance Cardium Crew size: 8,00025,000 HP Viking Fracs/Well: 1525 Crew size: 6,0009,000 HP Sask. Stage size: 2030 tonnes Fracs/Well: 1216 Stage size: 2040 tonnes Alberta Beaverhill…
Canada Horsepower Statistics Horsepower requirements 500,000 for western Canada continue to increase. 400,000 Calfracs market share is between 20-25 percent. 300,000 Multi-well pads and move towards 24-hour operations…
United States 13
United States Latest Developments Executed long-term minimum commitment contracts with two large customers in the Marcellus for the provision of two fracturing spreads. Currently operate three fracturing spreads in the region.…
U.S. Well Profile Average Lateral Lengths (in feet) Increasing lateral lengths leading to more fracturing stages and therefore greater revenue per well. Focus is on creating maximum efficiency and contacting as much of the…
United States Horsepower Statistics Horizontal activity continues to drive demand for horsepower. Recent horsepower deployment largely focused on liquids opportunities. Majority of capacity additions have been supported by…
U.S. Operations Geographic Breakdown Bakken 4 Fracturing Spreads totalling 115,000 horsepower North Dakota Wyoming Pennsylvania Williston Utah Bakken W. Virginia Oklahoma Arkansas Marcellus Rockies Texas 3 Fracturing…
Russia 18
Russia Russia Equipment Fleet 5 fracturing spreads totalling 45,000 horsepower 6 deep coiled tubing units Noyabrsk Moscow KhantyMansiysk Nefteyugansk Western Siberia Calfrac regional/district office Major basin 19
Calfrac in Russia Latest Developments 2012 fleet status expect continued high utilization. Blend of annual and multi-year contracts. Service line expansion with the planned deployment of packer services. Substantial long-term…
Latin America 21
Latin America Operations at a Glance Mexico Equipment Fleet 3 fracturing spreads totalling Colombia Equipment Fleet 27,000 horsepower Bogota 6 cementing crews 2 cementing crews Reynosa Poza Rica Mexico City Argentina…
Calfrac in Latin America Mexico H2 2010 severely impacted by Pemex budgetary constraints. Experienced recovery in completion activity in 2011 and to date in 2012. High oil prices expected to stimulate further onshore activity.…
Calfrac Revenue & EBITDA Growth Growth (C MM) Revenue CAGR of 30% from Revenue EBITDA 2005 2011. 1600 900 Canada and the U.S. have 1400 800 led growth. 1200 700 600 1000 Acquisitions, improved utilization 500 800 398.7 and…
Revenue Breakdown 2011 International exposure: One of few independent pressure pumpers with an international Revenue by Operating Segment growth platform. Mitigates risk profile: Latin America 4% United States 39% Russia 8%…
Financial Overview (C millions except per share amounts) Income Statement (For the Nine Months Ended September 30, 2012) 2012 2011 % Change Revenue 1,227.7 1,047.4 17 Operating Income 213.8 262.5 (19) Net Income 85.9 108.5 (21)…
For more information on Calfrac Well Services visit: www.calfrac.com
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