Patterson-uti Energy, Inc. · NASDAQ:PTEN
Patterson-uti Energy — Barclays CEO Energy-Power Conference 2020
32 slides from Patterson-uti Energy's conference presentation, Sep 8, 2020
Slide 1: Patterson-UTI Energy, Inc.
Patterson-UTI Energy, Inc. Barclays CEO Energy-Power Conference September 8, 2020
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 intention
Slide 3: Patterson-UTI Energy
Patterson-UTI Energy 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, primaril
Slide 4: Market Outlook
Market Outlook • U.S. drilling activity appears to have stabilized at historically low levels. Drilling contractors with advanced technologies such as automation and remote operations are expected to benefit once drilling activity improves. • U.S. completion activity has improved from lows seen in M
Slide 5: APEX-XK® - Early-mover in a Recovery
APEX-XK® - Early-mover in a Recovery Greater Clearance More Technology “Drawworks up on rig floor” CORTEX® operating system design has more clearance for performance for walking over existing improvement apps wellheads Advanced environmental Integrated spill control integrated into X-Y walking syste
Slide 6: Rig Automation
“Rig: E AUTOMATION. i PATTERSON-UTI
Slide 7: PTEN has the Expertise for Automation and Remote Operations
PTEN has the Expertise for Automation and Remote Operations RIG AUTOMATION ® REMOTE OPERATIONS ® ™ ™ DIRECTIONAL DRILLING AUTOMATION ™ ™ 7
Slide 8: HiFi Nav™ - Industry’s Newest Wellbore Placement Algorithms
HiFi Nav™ - Industry’s Newest Wellbore Placement Algorithms 8
Slide 9: Alternative Fuel Leadership
Alternative Fuel Leadership
Slide 10: Natural Gas Powered Drilling Rigs
Natural Gas Powered Drilling Rigs • Utilize lower cost natural gas to help reduce fuel costs • Lower emissions than diesel powered rigs • PTEN was the first contract driller to use GE’s Waukesha natural gas engines on a modern land rig • 65 rigs currently configured to use natural gas as the primary
Slide 11: Lithium Hybrid Power System
™ Lithium Hybrid Power System Eco-Cell™ is a proprietary energy management system that leverages stored energy to optimize fuel efficiency and emissions on drilling rigs Automatically starts/stops engines and sets optimal load to achieve best possible fuel economy and emissions levels, using the Gen
Slide 12: High Line Electric Utility Power for Drilling Rigs
High Line Electric Utility Power for Drilling Rigs • Electrical engineering, control systems and installation services with in-house solutions to connect to high line utility power • Unique expertise for drilling rig power requirements • Zero drilling rig emissions at the wellsite • Recent basins wi
Slide 13: Dual-Fuel Natural Gas Powered Frac Spreads
Dual-Fuel Natural Gas Powered Frac Spreads Reduces More flexible fuel source as operating costs engines can burn a fuel mix by lowering fuel comprised primarily of costs natural gas Lowers PTEN has completed more emissions for than 12,400 dual fuel environmental fracturing stages, saving sustainabil
Slide 14: Patterson-UTI Energy Inc.
_A_ PATTERSON-UTI ENERGY INC.
Slide 15: Appendix
Appendix PATTERSON-UTI ENERGY INC.
Slide 16: Super-Spec Rigs as the Technology Platform
Super-Spec Rigs as the Technology Platform Super-spec rigs will be the platform from which advancements in automation and remote operations are deployed • PTEN is well positioned as a leader in the super-spec rig market • Advancements in rig technology are expected to be more software driven than ha
Slide 17: PTEN’s Proprietary Operating System for APEX® Rigs
® PTEN’s Proprietary Operating System for APEX® Rigs 17
Slide 18: Applications
® Applications ® ® Adaptive Auto-Driller: Automated Toolface Adaptive control loops maximize Drilling Control rate of penetration (ROP) through Closed loop technology that changing formations and minimize automates toolface control while slide dysfunction. Optimized to drilling, enabling the process
Slide 19: Mercury™ Measurement While Drilling (MWD) Platform
Mercury™ Measurement While Drilling (MWD) Platform Mpower™ MWD System • Robust reliability for today’s drilling conditions • The new Mercury™ mud pulse MWD tool from Mpower ™ delivers more information to optimize well placement, improve drilling efficiency and reduce risks • New data compression ser
Slide 20: Mpact® V+ and VII+ Directional Drilling Mud Motor Design
Mpact® V+ and VII+ Directional Drilling Mud Motor Design Mpact® Downhole Motor • The new Mpact® V+ and VII+ design incorporates next generation bearings and transmission assemblies which produce better reliability and higher overall drilling parameter capabilities • >Flow rates • >Weight on bit (WOB
Slide 21: Drilling the Most Complex Wells
Drilling the Most Complex Wells 10,000’ U-Shaped Lateral Using Patterson-UTI’s • APEX® rig • MS Directional well planning, motors and MWD • Superior QC HiFi Nav™ well placement Turned the wellbore 180° in the middle of the lateral and then continued to drill, all without high-cost rotary steerable s
Slide 22: Data Analytics and Remote Operations
DATA ANALYTICS AND REMOTE OPERATIONS
Slide 23: Edge Device
® Edge Device • Server grade machine installed locally • Several communication adapters developed to read/write to control system, EDR, and third party equipment • Time series database installed with visualization tools for efficient data management of large data sets • Advanced analysis algorithms
Slide 24: PTEN+ Advanced Data Analytics and Performance Center
PTEN+ Advanced Data Analytics and Performance Center • Able to remotely monitor PTEN’s drilling, directional drilling, and pressure pumping operations • Staffed by engineers and data analysts: o Drilling optimization engineers who work with the customers to identify both trends in rig performance an
Slide 25: Financial Focus
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Slide 26: Strong Balance Sheet
Strong Balance Sheet Capital Structure ($ in millions) $2,229 Stockholders’ Equity $100 Term loan due June 2022 $525 3.95% senior notes due 2028 25% Net Debt / Total Cap $350 5.15% senior notes due 2029 * Balance sheet data as of June 30, 2020. The total debt balance does not reflect discount or deb
Slide 27: Limited Near-Term Debt Maturities
Limited Near-Term Debt Maturities Debt Maturity Distribution ($ in millions) $525 $350 $100 2020 2021 2022 1 2023 2024 2025 2 2026 2027 2028 2029 Debt Maturity Year 1 Matures in June 2022 27 2 $600 million currently available under undrawn revolving line of credit that matures in 2025 ($550 million
Slide 28: Environmental Sustainability
Environmental Sustainability
Slide 29: Patterson-UTI Core Values
Patterson-UTI Core Values • Safety and Environment o We believe that the safety of our employees and the protection of our environment is a cornerstone • Operational Excellence o We deliver high-quality, value-added services and focus on innovative solutions in all aspects of our work • Honesty and
Slide 30: Environmental
Environmental • Air Quality o We utilize natural gas engines, dual-fuel equipment and other technologies that reduce our air emissions • Water Quality o We strive to conduct our drilling and completion activities in a manner that protects the quality of ground and surface water • Land Use o We emplo
Slide 31: Social
Social Our people are our most important asset and our greatest strength • Health and Safety o Our goal is to provide an incident-free work environment. The safety of our employees and others is our highest priority • Diversity and Inclusion o We are committed to fostering a work environment where a
Slide 32: Patterson-UTI
4 PATTERSON-UTI 4
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