Phx Energy Services Corp. · TSX:PHX
Phx Energy Services — Peters & Co. Limited 30th Annual Winter Energy Conference 2023
13 slides from Phx Energy Services's conference presentation, Jan 18, 2023
Slide 1: PHX Energy Services - Fun Facts
PHX Energy Services - Fun Facts Founded PHX in 1995 80% of revenue is in the US PHX is 28 years in the business 80% of that revenue is in the Permian PHX has 870 full-time employees PHX completed an aggressive $85 million capital Employs 19 electrical, mechanical and software program i
Slide 2: Peters & Co. Limited 30th Annual Winter Energy Conference
PETERS &CO. LIMITED 30TH ANNUAL WINTER ENERGY CONFERENCE JANUARY 18, 2023
Slide 3: Forward-Looking Statements
Forward-Looking Statements Some matters discussed in this presentation may be considered to be forward- looking statements. Such statements include declarations regarding management’s intent, belief or current expectations. Prospective investors are cautioned that any such forward-looking statements
Slide 4: What is Directional Drilling?
What is Directional Drilling? WE ARE THE LARGEST INDEPENDENT SUPPLIER OF DIRECTIONAL DRILLING SERVICES IN THE NORTH AMERICAN LAND MARKET AND STRATEGIC INTERNATIONAL LOCATIONS Directional drilling is the process of steering the well path towards an intended target and doing so in a manner that increa
Slide 5: Who Is PHX?
Who Is PHX ? LARGEST INDEPENDENT DIRECTIONAL PROVIDER IN NORTH AMERICA We are the largest independent supplier of directional drilling services in the North American land market and strategic international locations ‒ Directional drilling is the process of steering the well path towards an intende
Slide 6: Q3 2022 Financial Results
Q3 2022 Financial Results Three-month period ended Sept 30, Nine-month periods ended Sept 30, Stated in thousands of dollars rig counts and operating days 2022 2021 % Chg 2022 2021 % Chg Strong profitability, Operating Results record earnings and Revenue 142,418 93,338 53 377,987 237,650 59 maintain
Slide 7: Capital Expenditures
Capital Expenditures PHX Energy Capital Expenditure Program of $85 million and Preliminary 2023 Capital Expenditure Budget of $50 million Our premium technology fleet is currently running at capacity as activity levels continue to grow and demand strengthens. As at September 30, 2022, purchase c
Slide 8: The Real Driver of Record Fast Drilling
Recent History of Drilling Efficiencies DRILLING TECHNOLOGY - 10 CURRENT PHX DRILLING YRS AGO Conventional 6.5“ Drilling Motor TECHNOLOGY Atlas 7.25" High Performance Motor Max Torque Horsepower Output 10,460 lb-ft 310 HP 114% Max Torque 19,050 lb-ft Increase Game Horsepower Output 664HP Changer The
Slide 9: Time Is Money! X Makes This Happen
It’s the Name of the Game Te c h n o l o g y C a s e S t u d y : T h e I m p a c t o f Fa s t e r Drilling SAME AREA - SAME WELL PROFILE - NEW TECHNOLOGY 2017 - Permian Basin, 2021 - Permian Basin, Midland Midland County County 11,282ft Lateral 10,000ft Lateral Premium MWD and Motors technolog
Slide 10: Shareholder Reward
2022 Results for Shareholder Return 17% of Shares repurchased Strong profitability = Opportunity = Opportunity Reinstated quarterly and cash positive since March 2017 dividend and position From 58,589,887 to 50,882,237 Common Shares increased four times SHAREHOLDER REWARD Outstanding Our strategy to
Slide 11: Record After Record
EDDY COUNTY, TX Record After Record MCCLAIN COUNTY,OK / BACK TO BACK CLIENT RECORDS New Record 064' Spud to TD Drilled with the Unmatched Combination of Atlas & Velocity MONTNEY Tt i 222i New © Drilled with the LAW ELIYA S LLANIESRYAVE LOL 5.75° 6/7 11.7 Atlas Motor RECORD LATERAL SECTION 2.939 Ft/D
Slide 12: PHX is the Enabler
PHX is the Enabler PREMIUM TECHNOLOGY FLEET IS COMPRISED OF THE INDUSTRY’S TOP TECHNOLOGIES, CANNOT BE OUTPERFORMED DESIGNED, DEVELOPED, MANUFACTURED, AND OPERATED BY PHX VELOCITY ATLAS PERFORMANCE POWERDRIVE ORBIT REAL-TIME SYSTEM DRILLING MOTORS RSS New generation MWD system, Engineered to be the
Slide 13: Total Executive Tenure
Experience/ Tenure = Success PHX HAS 28 YRS. HISTORY 27 24 25 11 23 YEARS YEARS YEARS YEARS YEARS TOTAL EXECUTIVE TENURE
PHX Energy Services — Peters & Co. Limited 30th Annual Winter Energy Conference 2023 on 6ix