Patterson-uti Energy, Inc. · NASDAQ:PTEN
Patterson-uti Energy — Merger or Acquisition (June 2023)
10 slides from Patterson-uti Energy's merger presentation, Jun 15, 2023
Slide 1: Merger of Equals Town Hall
Exhibit 99.5 Patterson-UTI Energy & NexTier Oilfield Solutions Merger of Equals Town Hall June 15, 2023
Slide 2: Agenda
Agenda Welcome 1 Why NexTier? 2 Patterson-UTI & NexTier Combination 3 Next Steps 4 222
Slide 3: Who We Are Today
Who We Are Today Leading Provider of Critical Path Services — ~50% of E&P Total Well Spend Includes Services Provided by Patterson-UTI Headquarters Employees (Jan. 2023) Houston 6,500 Drilling Services 35% of total 1 shale well cost 184 rigs in U.S., incl. Completions 2 172 super-spec rigs Colombia
Slide 4: Operations Across the Most Active U.S. Basins
Operations Across the Most Active U.S. Basins 172 3.3 Million Super-Spec Drilling Rigs Hydraulic Horsepower Leading Provider Nearly 2/3 Drilling & Completions Services Dual Fuel Capable Frac Fleets Using Low Carbon Fuel Sources Colombia PTEN Drilling PTEN Drilling and Pressure Pumping NexTier 4
Slide 5: Unlocking Value and Enhancing Efficiency Through Data Analytics
Unlocking Value and Enhancing Efficiency Through Data Analytics Patterson-UTI’s portal for the real time collection, The NexHub Digital Center is a cutting edge platform aggregation, analysis, and visualization of data that enables highly efficient field operations and from drilling rigs and frac sp
Slide 6: Sustainability Leadership Position in Low Carbon Solutions
Sustainability Leadership Position in Low Carbon Solutions Combined Company Will Lead the Industry in Next Generation Equipment 50%+ combined company fleet Sustainability leadership position in low-carbon emissions NexTier has deployed its first electric frac fleet in utilizing natural gas as a prim
Slide 7: Combined Company Focused on Human Capital Management
Combined Company Focused on Human Capital Management Shared commitment to investing in and developing employees to create employer of choice in the energy industry Promoting diversity and Commitment to safety inclusion initiatives Formalized leadership Focus on recruitment in training local communit
Slide 8: What Comes Next?
What Comes Next? ‘NexTier Patterson-UTI Completions’ Energy Combined Company Well Completions Combined Company Name Post-Close Business Name Q4 2023 Houston Expected Time to Close (subject to Combined Company HQ shareholder & regulatory approvals) Andy Hendricks Business as Usual Combined Company CE
Slide 9: Principal Goal of Integration
Principal Goal of Integration Bringing together the best of both organizations Keep business continuity and commercial success of both Patterson-UTI and NexTier running seamlessly and ensure a smooth experience and exceptional services for our customers… delivering on our commitment of accelerated p
Slide 10: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Patterson-UTI's and NexTi
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