Patterson-uti Energy, Inc. · NASDAQ:PTEN
Patterson-uti Energy — Barclays CEO Energy-Power Conference 2017
26 slides from Patterson-uti Energy's conference presentation, Sep 5, 2017
Slide 1: Barclays CEO Energy-Power Conference
Exhibit 99.1 Barclays CEO Energy-Power Conference September 5 – 7, 2017
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: Who We Are: An Oilfield Services Leader
Who We Are: An Oilfield Services Leader DRILLING PRESSURE PUMPING RENTALS TECHNOLOGY High quality fleet of land High quality fleet of 1.5 Leading position in Designs, manufactures and drilling rigs, including 198 million horsepower of underbalanced drilling air services high-spec rig APEX® class rig
Slide 4: Broad Footprint in Oilfield Services
Broad Footprint in Oilfield Services Active Rig Count 162 By Region As of August 31, 2017 WEST TEXAS / 41 APPALACHIA / 29 MID-CONTINENT / 29 SOUTH TEXAS / 21 EAST TEXAS / 18 ROCKIES / 13 NORTH DAKOTA / 8 CANADA / 3 Active Horsepower 1.1 MM By Region As of August 31, 2017 GREAT PLAINS OILFIELD RENTAL
Slide 5: Comprehensive Oilfield Services and Solutions
Comprehensive Oilfield Services and Solutions Contract Drilling Air Drilling Hydraulic Fracturing Drilling Motor Rentals* Directional Drilling* Water Transfer Cementing Drilling Top Drives Acidizing Well Surveying* Nitrogen Service Rental Equipment 5 * Following completion of pending acquisition of
Slide 6: Directional Drilling
Directional Drilling Acquiring MS Energy Services, a leading provider of directional drilling services in the United States Total consideration for the acquisition includes approximately 8.8 million shares of Patterson- UTI common stock and $75 million of cash MS Energy Services has a strong technol
Slide 7: Why Invest in Patterson-UTI Energy?
Why Invest in Patterson-UTI Energy? Patterson-UTI is a Leader: Efficiency Efficiency improves well economics Patterson-UTI has the scale, processes, people and equipment necessary for efficient operations Technology Technology helps to improve efficiency Patterson-UTI is a technology leader in oilfi
Slide 8: Patterson-UTI: A Leader in Oilfield Services Efficiency
Patterson-UTI: A Leader in Oilfield Services Efficiency Efficiency improves well economics. People Crews receive extensive onboarding and ongoing training to ensure competency and refine operating and safety procedures. Processes Patterson-UTI utilizes industry leading management systems and field a
Slide 9: People: Personnel Development
People: Personnel Development Working incident free is not just a priority to us it's our way of life. Operational excellence is our minimum standard excellence is our way of life. Development of our people is a core value continuous learning is our way of life. 9
Slide 10: Process: Management System
Process: Management System • Management System allows for continuous updates on Policies & Priorities • Comprehensive Rig and FracFleet audits ensure uptime, preventative maintenance, continuous improvement. • Incident Management System allow data for Reporting and tracking to completion of Incident
Slide 11: Innovative Rig Designs: APEX-XK
® Innovative Rig Designs: APEX-XK Able to walk x/y with full set-back of pipe in mast Drawworkson rig floor allows more clearance under rig for walking Advanced environmental spill control integrated into drilling floor Blowout Preventer remains upright in substructure while walking Walking system i
Slide 12: Innovative Rig Designs: APEX-XC
™ Innovative Rig Designs: APEX-XC Enhanced setback capacity for efficiently Standard with drilling longer higher-torque top laterals drive HPU, accumulator and walking Increased mud system integrated pump horsepower in substructure for efficient rig moves and rig walks Integrated Increased walking s
Slide 13: Innovative Rig Upgrades
Innovative Rig Upgrades: • Significantly upgrading seven APEX 1000® rigs to APEX-XK® rigs. The first two upgrades have been completed and delivered to the field. • Six of the upgraded rigs have been contracted. Average contract duration in excess of 18 months. • Upgraded rigs will have all of the ca
Slide 14: Innovative Rig Technology: Warrior 500 Ton AC Top Drive
Innovative Rig Technology: Warrior 500 Ton AC Top Drive HIGH PERFORMANCE - 50,000 ft-lbs continuous torque rating REDUNDANT POWER DELIVERY - Four independent power pathways from the AC bus to the top drive quill - No single-point sources of failure from generator to drill pipe REVOLUTIONARY POWER TR
Slide 15: Innovative Pressure Pumping Technology: Bi-Fuel
Innovative Pressure Pumping Technology: Bi-Fuel Engines can burn a fuel Reduces operating costs by mix comprised of up to lowering fuel costs 70% natural gas Comparable torque and Good for environmental horsepower to an all diesel sustainability engine 15
Slide 16: Innovative: Performance Data Analytics
Innovative: Performance Data Analytics Real-time innovative data analysis system collects and analyzes data across region, pad and rigs for performance by formation, section, crew, etc. Ability to analyze equipment and maintenance data across rigs and vendors to benchmark performance and maximize re
Slide 17: Innovative: Centralized Logistics Center
Innovative: 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 central smart dispatch scheduling phone personnel and tracking apps in software the field Currently
Slide 18: Innovative: Automation and Remote Operations
Innovative: Automation and Remote Operations REMOTE OPERATIONS RIG AUTOMATION Remote operations allow a Consistent, automated processes at specialist to execute multiple wells the wellsite limit safety risks, at one time reduces well costs, streamlines logistics and increases margins DD AUTOMATION*
Slide 19: Strong Financial Position
Strong Financial Position Substantial Liquidity • $40 million cash as of June 30, 2017 • $490 million revolver extended through March 2019 • $140 million drawn at July 31, 2017 and $15.6 million letters of credit • $75 million of cash to be used as part of acquisition cost for MS Energy Services 15.
Slide 20: Why Invest in Patterson-UTI Energy?
Why Invest in Patterson-UTI Energy? Patterson-UTI is a Leader: Efficiency Efficiency improves well economics Patterson-UTI has the scale, processes, people and equipment necessary for efficient operations Technology Technology helps to improve efficiency Patterson-UTI is a technology leader in oilfi
Slide 21: Patterson-UTI Energy Inc.
4 PATTERSON-UTI 4 ENERGY INC.
Slide 22: Additional References
@ PATTERSON-UTI 4 ENERGY INC, Additional References
Slide 23: APEX Class Rigs
APEX® Class Rigs APEX-XK 1500® 59 198 53 APEX 300-Series® APEX 1500® 47 APEX PK™ 28 APEX 1000®* 9 Other AC 2 23 *Five to be converted to APEX-XK.
Slide 24: Modern Pressure Pumping Equipment
Modern Pressure Pumping Equipment TEXAS 57% 1.5 MM APPALACHIA 23% HORSEPOWER MID-CONTINENT 20% 24 Hydraulic fracturing horsepower location as of August 31, 2017
Slide 25: Non-U.S. GAAP Financial Measures
Non-U.S. GAAP Financial Measures ThreeMonths Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (unaudited, dollars in thousands) Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA)(1): Net loss $ (92,184) $ (85,866) $ (155,723) $ (156,369) Income tax
Slide 26: Patterson-UTI Energy Inc.
4 PATTERSON-UTI 4 ENERGY INC.
Patterson UTI Energy — Barclays CEO Energy-Power Conference 2017 on 6ix