Patterson-uti Energy, Inc. · NASDAQ:PTEN
Patterson-uti Energy — Barclays Conference 2021
16 slides from Patterson-uti Energy's conference presentation, Sep 8, 2021
Slide 1: Patterson-UTI Energy, Inc. Barclays Conference
PATTERSON-UTI ENERGY, INC. Barclays Conference September 8, 2021 @PATTERSON-UTI ~
Slide 2: Forward-looking statements
This material and any oral statements made in connection with this material include "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Statements made which provide the Company’s or management’s intentions, beliefs, expectations or
Slide 3: Contract Drilling, Pressure Pumping, Directional Drilling
Contract Drilling Patterson-UTI Drilling is a leading provider of super-spec drilling rigs with a large footprint across U.S. drilling markets. Pressure Pumping Universal is a full-service pressure pumping company and a leading provider of hydraulic fracturing services, including Simul-Frac services
Slide 4: Rig count outlook and pricing improving
Expect rig count to improve to approximately 100 rigs in Q1-2022, with WTI above $65 and excluding rigs to be acquired from Pioneer Energy Services Essentially sold out of APEX-XK® and APEX-PK rigs in the Permian Basin Expect leading-edge dayrates to increase and exceed cost inflation 4 Spread 10 wi
Slide 5: Agreement to acquire Pioneer Energy Services
Patterson-UTI Energy announced an agreement to acquire Pioneer Energy Services on July 6, 2021 5 Patterson-UTI expects that the acquisition will close at the beginning of the fourth quarter of 2021 The Hart-Scott-Rodino (HSR) waiting period expired as expected in mid-August The Pioneer Energy Servic
Slide 6: Rig design features for walking over existing wellheads
6 “Drawworks up on rig floor” design has more clearance for walking over existing wellheads ® Advanced environmental spill control integrated into drill floor Integrated X-Y walking system can make “horseshoe” moves on existing pads Fast moving between pads operating system for performance improveme
Slide 7: Introducing Eco-Verse, Patterson-UTI's Sustainability Solution
s YW ECOverse. Introducing Eco-Verse™ Patterson-UTI's Sustainability Solution PATTERSON-UTI
Slide 8: PTEN Sustainability Firsts
PTEN SUSTAINABILITY FIRSTS At Patterson-UTI we are committed to being a market leader in sustainability. 2018 2020 2012 = ae Developed and Fielded 2010 2013 2019 2021 First Dual Fuel duced J f iene 5 algarn ‘System for Rigs @PATTERSON-UTI ~
Slide 9: Sustainability technologies overview
100% Natural Gas Generators on Drilling Rigs 9 Dual Fuel Frac Spreads Lithium Batteries on Drilling Rigs Highline Power Automated Engine Management Software
Slide 10: Natural gas and dual fuel engines on rigs
Natural gas engines run on 100% natural gas 10 Also able to utilize local natural gas infrastructure already available thereby reducing the need for diesel fuel transportation and consumption 65+ rigs have already been converted to enable the use of natural gas Dual fuel engines offer fuel flexibili
Slide 11: Tier IV dual fuel frac spreads
Tier IV spreads can substitute up to 85% natural gas Lowers emissions for environmental sustainability PTEN has completed more than 17,000 dual fuel fracturing stages, saving customers more than 13 million gallons of diesel 11
Slide 12: Highline power for rigs
Patterson-UTI provides in-house electrical engineering, hardware packaging, and installation services to power our rigs off of electric utility lines This full-service offering enables our customers to utilize an optimal power solution on our drilling rig when it comes to emission impacts at the wel
Slide 13: Eco-Cell energy management system
Eco-Cell™ is an energy management system that uses stored energy to decrease the number of generators needed online, and keeps the generators running in the most efficient range where they produce the lowest emissions levels and best fuel economy Eco-Cell™ stores energy in lithium batteries when dem
Slide 14: Capitalization
14 5.15% senior notes due 2029 3.95% senior notes due 2028 Stockholders’ Equity 27% Net Debt / Total Cap Term loan due June 2022 $1,808 $50 $510 $349
Slide 15: Limited Near-Term Debt Maturities
LIMITED NEAR-TERM DEBT MATURITIES Debt Maturity Distribution ($ in millions) $510 400 $349 $50 A 2021 + =2022' 2023 2024 2025 2026 2027 2028 2029 Debt Maturity Year 1 Matures in June 2022 2 2024)
Slide 16: Patterson-UTI
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