Patterson-uti Energy, Inc. · NASDAQ:PTEN
Patterson-uti Energy — UBS Global Oil and Gas Conference 2017
23 slides from Patterson-uti Energy's conference presentation, May 23, 2017
Slide 1: UBS Global Oil and Gas Conference May 23, 2017
UBS Global Oil and Gas Conference May 23, 2017 Exhibit 99.1
Slide 2: Forward-Looking Statements
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
Slide 3: Contract Drilling
Contract Drilling High quality fleet of land drilling rigs including 198 APEX® class rigs Leader in walking rig technology for pad drilling applications Large footprint across North American drilling markets * Pro forma combined revenues of Patterson-UTI Energy and Seventy Seven Energy for the year
Slide 4: Pressure Pumping
Pressure Pumping High quality fleet of modern pressure pumping equipment Strong reputation for regional knowledge and efficient operations Concentrated footprint provides economies of scale * Pro forma combined revenues of Patterson-UTI Energy and Seventy Seven Energy for the year ended December 31,
Slide 5: Contract Drilling
Contract Drilling @ © PATTERSON. UTI DRILLING COMPANY LLC ENERGY
Slide 6: APEX Class Rigs
APEX® Class Rigs 198 APEX-XK 1500® / 57 APEX 300-Series® / 49 APEX 1500® / 45 PeakeRigs™ / 28 APEX 1000® / 11 Other AC / 8
Slide 7: APEX-XK
APEX-XK® http://patenergy.com/drilling/technology Enhanced X-Y Mobility Walk with full set-back of pipe in mast More efficient rig up / rig down Walking times average 45 minutes for 10’ – 15’ well spacing Advanced environmental spill control integrated into drilling floor Reduced number of truck loa
Slide 8: APEX-XK Integrated Walking System
APEX-XK® Integrated Walking System
Slide 9: APEX-XK Rig Walking on Pad
APEX-XK® Rig Walking on Pad http://patenergy.com/drilling/technology/apexwalk/ Video of APEX-XK® Rig
Slide 10: APEX-XC
APEX-XC™ Increased clearance for walking over and around wellheads on a pad Enhanced setback capacity for efficiently drilling longer laterals Engineered for fast pad-to-pad rig moves Includes higher-torque top drive from Warrior First APEX-XC™ expected to be delivered in the second half of 2017.
Slide 11: Broad Geographic Footprint
Broad Geographic Footprint http://patenergy.com/ CANADA / 1 ROCKIES / 12 WEST TEXAS / 40 SOUTH TEXAS / 23 NORTH DAKOTA / 9 MID-CONTINENT / 28 EAST TEXAS / 16 APPALACHIA / 30 Active Rig Count by Region As of May 19, 2017 Total Rig Count 159
Slide 12: Drilling Technologies
Drilling Technologies Designs, manufactures and services high-spec rig components with a recent focus on top drive technology Enhances the Patterson-UTI technology portfolio and engineering capabilities A highly talented group of people with a tremendous amount of experience
Slide 13: Pressure Pumping
Pressure Pumping @\PATTERSON-UTI — pot 1
Slide 14: Modern Pressure Pumping Equipment
Modern Pressure Pumping Equipment Hydraulic fracturing horsepower location as of April 27, 2017 14 1.5 MM HORSEPOWER MID-CONTINENT 20% TEXAS 57% APPALACHIA 23%
Slide 15: Enhanced Pressure Pumping Footprint
Enhanced Pressure Pumping Footprint Hydraulic fracturing horsepower location as of April 27, 2017 TEXAS / 850k HP APPALACHIA / 350k HP MID-CONTINENT / 300k HP Hydraulic Fracturing Horsepower by Region As of April 27, 2017
Slide 16: Centralized Logistics Center
Centralized Logistics Center Efficient procurement and logistics of sand and chemicals is important to being successful in hydraulic fracturing. Centralized logistics center includes: 24/7 dispatch personnel Central scheduling and tracking software Smart phone apps in the field Central logistics cen
Slide 17: Strong Financial Position
Strong Financial Position @\PATTERSON-UTI — pot 1
Slide 18: Investing in Our Company
Investing in Our Company 2017 Capital expenditure forecast as of April 27, 2017 $976 $1,012 $974 $662 $1,229 $744 $120 $450 2011 2010 2012 2013 2014 2015 2016 2017E Year End Capital Expenditures and Acquisitions ($ in millions)
Slide 19: Patterson-UTI Total Liquidity
Patterson-UTI Total Liquidity 19 $467 Million Cash as of March 31, 2017 $632 Million Revolver through September 2017 $73 million outstanding as of May 17, 2017 $490 million of revolver extended through March 2019 Subject to a borrowing base comprised of eligible cash, inventory, receivables and equi
Slide 20: Why Invest in Patterson-UTI Energy?
Why Invest in Patterson-UTI Energy? HIGH QUALITY ASSETS 198 APEX® class rigs Creating value through focus on well site execution TECHNOLOGY LEADER Leader in walking rigs for pad drilling Innovator in deploying latest technologies for pressure pumping FINANCIALLY FLEXIBLE Strong balance sheet History
Slide 21: Additional References
Additional References @\PATTERSON-UTI — pot 1
Slide 22: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures (1) Adjusted EBITDA is a supplemental financial measure not defined by United States generally accepted accounting principles, or U.S. GAAP. We define Adjusted EBITDA as net income (loss) plus net interest expense, income tax expense (benefit) and depreciation, deple
Slide 23: Unaudited Pro Forma Operating Revenues
Unaudited Pro Forma Operating Revenues For the year ended December 31, 2016 23 Patterson-UTI Seventy Seven Energy Pro Forma Combined Operating revenues: (in thousands) Contract drilling $ 543,663 $ 271,524 $ 815,187 Pressure pumping 354,070 250,216 604,286 Oilfield Rentals - 34,557 34,557 Other 18,1
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