Patterson-uti Energy, Inc. · NASDAQ:PTEN
Patterson-uti Energy — Merger or Acquisition (June 2023)
18 slides from Patterson-uti Energy's merger presentation, Jun 16, 2023
Slide 1: Patterson-UTI Energy & NexTier Oilfield Solutions Merger of Equals Town Hall
Exhibit 99.4 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: Energy Services Landscape Remains Highly Fragmented
Energy Services Landscape Remains Highly Fragmented Despite outperforming in 2022, a significant number of public Energy Service companies do not have the necessary breadth to attract investor attention and capital flows. As a result, they frequently suffer from relatively higher costs of capital, i
Slide 4: 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 6,500 184 rigs in U.S. 12 Active spreads 2 • 172 super-spec rigs 40+ years completions • 120 Tier-1, Super- expertise Spec
Slide 5: NexTier At a Glance
NexTier At a Glance Headquarters Employees (Dec. 2022) Market Cap Houston 4,300 $2.0B 2022 Annual Revenue 5th largest Pressure pumper $3.2B 33 active spreads Integrated well site platform Hydraulic Frac Pumpdown Power solutions Wireline Logisitics Cementing Reservoir Engineering Intellistim™ frac op
Slide 6: Creates a New North American Player with Revenue Generation Among the Industry Leaders
Creates a New North American Player with Revenue Generation Among the Industry Leaders… North American Oilfield Services Revenue Comparison (Q1 2023A Annualized) $11.1 $6.9 $6.8 $5.0 $4.0 $3.7 $3.4 $3.3 $3.1 $2.8 $2.3 Combined Source: Company filings. Note: $ in billions. Data as of 31-Mar-2023, rep
Slide 7: With a Significantly Expanded North American Frac Footprint
…with a Significantly Expanded North American Frac Footprint Current Energy Services Frac Horsepower Landscape (United States Market Only) 60 4950 52 4450 50 46 3300 45 44 3950 42 2898 3290 40 3450 33 2500 2450 2950 30 2100 2450 20 1950 15 12 1450 10 10 9 10 1315 7 1190 728 639 950 2 450 540 490 0 4
Slide 8: Why NexTier
Why NexTier We have focused on organic initiatives and strategic M&A to grow and diversify our business • No stranger to us — neighbor in Houston who is one of the top 4 pressure pumpers • Unique in its integrated platform of services • Complementary geographic footprint with assets in Montana/North
Slide 9: 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 9
Slide 10: 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 11: 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 Natural gas lowers CO2 emissions by 30% compared 2 utilizing natural gas as a primary
Slide 12: 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 13: What Comes Next?
What Comes Next? ‘NexTier Completions’ Patterson-UTI Energy Combined Company Well Completions Business Combined Company Name Post-Close Name Q4 2023 Houston Expected Time to Close (subject to shareholder & Combined Company HQ regulatory approvals) Andy Hendricks Business as Usual Combined Company CE
Slide 14: 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 15: Questions?
Questions? 1515
Slide 16: Who We Are Today?
Headquarters Employees (Jan. 2023) Who We Are Today? Houston 6,500 DRILLING PUMPING DIRECTIONAL DATA ANALYTICS POWER RENTALS RELIABILITY Onshore contract Full-service pressure Comprehensive Space flight Electrical Large selection of API-certified drilling drilling in U.S. and pumping focused on suit
Slide 17: Who We Are Today?
Headquarters Employees (Jan. 2023) Who We Are Today? Houston 6,500 Drilling Pumping Directional Onshore contract drilling in U.S. Full-service pressure pumping focused Comprehensive suite of directional and Colombia, primarily focused on engineered solutions and dual-fuel drilling services with a st
Slide 18: 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
Patterson-UTI Energy — Merger or Acquisition (June 2023) on 6ix