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Exhibit 99.2 
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Exhibit 99.2
SPIN-OFF ROADSHOW
JUNE 2014
CONFIDENTIAL
SEVENTY SEVEN ENERGY
ASSUMPTIONS AND FORWARD-LOOKING STATEMENTS
This presentation contains a number of projections and assumptions. While we believe that these projections and assumptions are reasonable in light of management’s current expectations concerning future events, the estimates underlying these projections and assumptions are inherently uncertain and are subject to significant business, economic, regulatory, environmental and competitive risks and uncertainties that could cause actual results to differ materially from those we anticipate.
When reviewing this presentation, you should keep in mind the cautionary statements described under the “Forward-Looking Statements” and “Risk Factors” sections in Chesapeake Oilfield Operating, L.L.C.’s (COO) Securities and Exchange Commission filings. Any of the risks referenced in the “Forward-Looking Statements” and “Risk Factors” sections could cause our actual results to vary significantly from our estimates.
Nothing in this presentation shall be deemed an offer to sell or a solicitation of an offer to buy any securities of COO or SSE
SEVENTY SEVEN ENERGY
AGENDA
Executive Summary and Transaction Overview
Industry Update and Business Overview
Business segment detail
Financial review and business outlook
SEVENTY SEVEN ENERGY
EXECUTIVE SUMMARY AND TRANSACTION OVERVIEW
SEVENTY SEVEN ENERGY
OVERVIEW
CHK Board has approved a 100% spin-off of Seventy Seven Energy Inc. (“SSE”)
Timing:
When-issued trading: June 17, 2014
Record date: June 19, 2014
Distribution to CHK shareholders: June 30, 2014
Regular-way trading: July 1, 2014
SSE is a diversified oilfield services company
Fifth-largest U.S. land-based drilling business (83 rigs1)
16 new PeakeRigs™ to be built and delivered by YE 2015
Newly built pressure pumping business with 360,000 HP
10th PTL fleet of 40,000 HP to come online by YE 2014
Rental tool and logistics business
Operating in major U.S. producing basins
Public SEC filer since 2013
5,100 employees
¹Does not include 16 rigs under construction and rigs held for sale
2“Adjusted EBITDA” is a non-GAAP financial measure that we define as net income before interest expense, income tax expense, depreciation and amortization, as further adjusted to add back impairments and gain or loss on sale of property and equipment; EBITDA net of rig rental cost of $63MM (EBITDAR) and lease termination cost of $31MM
Drilling
Hydraulic Fracturing
Oilfield Rentals
Oilfield Trucking
LTM Revenue by
Segment (1Q 2014)
12%
7%
37%
44%
LTM EBITDA by
Segment (1Q 2014)
5%
11%
25%
59%
5 2
SEVENTY SEVEN ENERGY
SSE MANAGEMENT TEAM
CEO: Jerry Winchester
Served for thirteen years as the President and CEO of Boots & Coots International Well Control, Inc. which was acquired by Halliburton in September 2010
Started his career with Halliburton in 1981 as a fracturing equipment operator and served in positions of increasing responsibility, most recently as Global Manager over Well Control, Coil Tubing and Special Services
29 years of industry experience
CFO: Cary D. Baetz
Served as Senior Vice President and Chief Financial Officer of Atrium Companies, Inc. From November 2010 to December 2011
Served with Mr. Winchester as Chief Financial Officer of Boots & Coots from August 2008 to September 2010
Served as Vice President of Finance, Treasurer, and Assistant Secretary of Chaparral Steel Company from 2005 to 2008
26 years of industry experience
Nomac Drilling President: Jay G. Minmier
Joined COS as President of NOMAC Drilling, a wholly-owned subsidiary of COS in June of 2011
Previously served as Vice President and General Manager for Precision Drilling Corporation
More than 20 years experience with drilling contractors, notably Grey Wolf Inc. and Helmerich & Payne, Inc.
Thunder Oilfield Services President: Zac M. Graves
President of Thunder Oilfield Services, a wholly owned subsidiary of COS, with operations that include oilfield tool rental, rig mobilization and oil and salt water transportation, and handling
Joined COS through his role as Chief Operating Officer of Bronco Drilling Company, acquired in June 2011 by Nomac
Previously served as Chief Financial Officer of Bronco Drilling Company
11 years of industry experience
Great Plains Oilfield Rental President: Jerome Loughridge
President of Great Plains Oilfield Rental since September 2012
Previously served as President of Black Mesa Energy Services, the oilfield investment arm of private equity firm Ziff Brothers Ventures; Executive Chairman of completions service provider Legend Energy Services; and Chief Operating Officer of Great White Energy Services
Eight years of oilfield management experience
Performance Technologies President: William R. Stanger
President of Performance Technologies, LLC (PTL), a wholly-owned subsidiary of COS since 2011
Joined Chesapeake Energy in January 2010 as President of Great Plains Oilfield Rentals
A former Vice President of Schlumberger with more than twenty-five years experience in oilfield service technologies
6
SEVENTY SEVEN ENERGY
SSE IS AMONG THE LEADING NORTH AMERICAN SERVICE COMPANIES
SSE has significant scale to effectively compete with its North American-centric peers
2013 Revenue
$Bn
6.5
5.2
3.9
2.6
1.3
0.0
NBR
SPN
HP
PTEN
SSE
TCW
TSX:ESI
PD
RES
KEG
CFW
BAS
CJES
PES
PKD
TSX:TDG
TSX:FRC
6.2
4.6
3.4
2.7
2.2
2.0
2.0
1.9
1.9
1.6
1.5
1.3
1.1
1.0
0.9
0.8
0.3
SEVENTY SEVEN ENERGY
BUSINESS SEGMENTS AND OUTLOOK
Description
2014-2015 Business Outlook Drivers
Provides land drilling and drilling-related services, including directional drilling and mudlogging
Marketed fleet includes 20 Tier 1 rigs, including 10 fit-for-purpose PeakeRigs™, 57 Tier 2 rigs and 9 Tier 3 rigs (currently the 5th largest U.S. land-based drilling rig fleet)
Provides high-pressure hydraulic fracturing services
9 hydraulic fracturing fleets with an aggregate of 360,000 horsepower
Provides premium rental tools and specialized services for land-based oil and natural gas drilling, completion and workover activities
Hodges Trucking Company: provides drilling rig relocation and logistics services
Oilfield Trucking Solutions: provides water transport and disposal services
Total ²
Note: $mm
¹“Adjusted EBITDA” is a non-GAAP financial measure that we define as net income before interest expense, income tax expense, depreciation and amortization, as further adjusted to add back impairments and gain or loss on sale of property and equipment; Total and Nomac Drilling reflects EBITDA net of rig rental cost of $63MM (EBITDAR) and lease termination cost of $31MM
²Does not include the pro forma effects of the spin-off. Includes other operations totaling $146mm in revenue and ($10) in EBITDA
6 new contracted rigs by YE 2014
10 new contracted rigs by YE 2015
1 additional spread by YE 2014 (40,000 additional HP)
Flat pricing in 2015
Third party expansion
Consolidation potential
Increased utilization from today’s low levels
Third party expansion
Third party expansion
2014
Q1 LTM
Revenue
2014
Q1 LTM
EBITDA
1 Margin
736
255
34.6%
884
110
12.5%
149
46
31.2%
239
23
9.4%
2,154
424
19.7%
8
SEVENTY SEVEN ENERGY
INVESTMENT HIGHLIGHTS
Attractive US industry dynamics
Increased horizontal drilling and efficiency improvements through pad drilling with technology of rig fleet driving margins
Pressure pumping market is expected to tighten in 2014 as frac intensity continues to rise
Large integrated footprint in high activity basins and close proximity to customers
Based in OKC with a broad network of offices that are within close proximity to some of the most active U.S. unconventional resource developers
Comprehensive service offerings with modern, high quality asset base
Multi-well pad capable Tier 1 and Tier 2 rigs and fit-for-purpose PeakeRigsTM
Hydraulic fracturing assets among the newest in the industry with an average age of 24 months
Industry-leading contracted backlog providing robust visibility to asset base
Contracts with multiple large, well-capitalized customers with a industry leading 3-year backlog of approximately $2.8Bn
Experienced and skilled management team
Experience working at highly regarded oilfield services companies such as Halliburton, Boots & Coots, Helmerich & Payne and Schlumberger
Growth drivers in all business segments
Newbuild PeakeRigsTM – 16 under construction
Pressure pumping business plans to bring one additional spread online in second half of 2014, investigate potential acquisitions for additional growth
Increasing utilization in rental tool business
9
SEVENTY SEVEN ENERGY
INDUSTRY UPDATE AND BUSINESS OVERVIEW
SEVENTY SEVEN ENERGY
SSE IS WELL POSITIONED FOR CURRENT INDUSTRY TRENDS
Current Industry Trend
SSE Positioning
Full scale development plans of large shale resources (existing and emerging)
Increased drilling efficiencies through modern equipment and integrated operations
Trend towards “factory style” development
Increasing focus on safety and regulatory
Large, integrated footprint in 8 basins
Shale development expertise (“it’s in our DNA”)
Modern, efficient land fleet of 91 operating rigs by year end
Upgrading tiers as we speak
Newest pressure pumping fleet in the industry
Modern well-maintained rentals fleet
Highly efficient, integrated service model providing single-source D&C solutions
Customer base of large acreage holders that are pioneering factory-style approach
Winning integrated contracts
Industry leading safety performance
11
SEVENTY SEVEN ENERGY
OUR ACTIVE AREAS OF OPERATIONS
Niobrara Shale
Utica Shale
Marcellus Shale
Anadarko Basin
Permian Basin
Barnett Shale
Haynesville Shale
Eagle Ford Shale
Oklahoma City Headquarters
Selected Field Offices
12
SEVENTY SEVEN ENERGY
THIRD-PARTY BUSINESS STRATEGY
Current plan is replicate Nomac success in winning third party business with PTL and GPOR
Increased Nomac 3rd party rigs from 9% at beginning of 2012 to 39% today
Currently building business development team
Going from 2 to 18 business development staff, focusing on significant industry experience
Building out of sales team in H2 2014 to improve utilization in GPOR without large outlay of additional capital
Third-Party Customers
1Q 2013 Revenue
1Q 2014 Revenue
Long Term Target Revenue
6%
94%
15%
85%
50%
50%
Third Parties
CHK
13
SEVENTY SEVEN ENERGY
BACKLOG AND SERVICE CONTRACT SUMMARY
Starting July 1, 2014, contractual backlog totaled approximately $2.8Bn, ~6% of total contracted revenue coming from third party
Backlog provides 50% to 60% of Year 1 revenue
Additionally, Chesapeake and SSE plan to maintain the strategically aligned business relationship that has existed for years to come
Nomac to utilize industry standard IADC contracts:
Year 1 – 40 Rigs
Year 2 – 30 Rigs
Year 3 – 25 Rigs
Three month terms plus three month auto renewal option – 11 Rigs
PTL entering basin dependent stage count contracts, crew commitment over three years:
Year 1 – 7 Crews
Year 2 – 5 Crews
Year 3 – 3 Crews
Recent 3rd party customer contract wins for PTL and Great Plains
$2.8Bn 3-Year Backlog
Contracted Revenues by Business
Segment
$MM
2,000
1,500
1,000
500
0
1,224
738
129
357
931
517
58
356
632
293
17
322
Year 1
Year 2
Year 3
Nomac – CHK
Nomac – 3rd Party
PTL – CHK
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SEVENTY SEVEN ENERGY
BUSINESS SEGMENTS DETAIL
SEVENTY SEVEN ENERGY
NOMAC DRILLING
SEVENTY SEVEN ENERGY
NOMAC DRILLING
Currently the 5th-largest drilling rig contractor in the U.S.¹
Nomac has 83 active rigs which operate across unconventional plays (51 operating for CHK; 32 operating for third parties)²
23 directional drilling kits
Utica Shale
(7 -CHK, 9- 3rd Party)
Niobrara Shale
(2-CHK, 2- 3rd Party)
Anadarko Basin
(13-CHK, 15-3rd Party)
Permian Basin
(0-CHK, 5-3rd Party)
Eagle Ford Shale
(16-CHK, 1-3rd Party)
Marcellus Shale
(6-CHK, 0–3rd Party)
Haynesville Shale
(7- CHK, 0 – 3rd Party)
Nomac Operating Areas
(Bubble Size by Nomac Rig Count)
CHK Operated Count – Nomac Count
¹ Based on RigData marketed rig count as of May 23, 2014
² Excludes refurbished, stacked, training and under construction rigs
17
SEVENTY SEVEN ENERGY
OVERVIEW OF NOMAC RIG FLEET BY AREA
Nomac provides land drilling and drilling-related services, including directional drilling and mudlogging
Operations are geographically diversified across many of the most active oil and natural gas plays
Strong presence / market share in key markets (Anadarko, Eagle Ford, Permian, Utica) provides benefits of scale, but growth opportunities still remain
Nomac’s directional drilling unit focuses on horizontal well applications to maximize drilling efficiencies and lower customer costs
23 kits currently operating
Generated $57MM of revenue and $7MM Adjusted EBITDA in 20133
Current Rig Overview by Area
Operational Area
CHK
3rd Party Total SSE
Rigs
Total
Active
Rigs Anadarko Basin Eagle Ford Shale Utica Shale
Marcellus Shale
Niobrara Shale
Haynesville Shale
Permian Basin
Total
13 16 7 6 2 7
0
51
32 5 0 2 0 9 1
15
28
17
16
83
173
213
41
83
54
44
547
1,155
1 2
¹Does not include 10 new PeakeRigTM newbuilds
2Does not include 6 new PeakeRigTM newbuilds
3“Adjusted EBITDA” is a non-GAAP financial measure that we define as net income before interest expense, income tax expense, depreciation and amortization, as further adjusted to add back impairments and gain or loss on sale of property and equipment
18
SEVENTY SEVEN ENERGY
EVOLUTION OF OUR FLEET
Improved tier mix contributed to higher operating margin, which will continue to increase with rig upgrades and removal of Tier 3 rigs
Based on contracted newbuilds, we expect to have 95 rigs by YE 2015 with 40% of those Tier I rigs
16 newbuilds (PeakeRigs™) over next 18 months
Fleet Evolution and Operating Margin
Number of Rigs—Year End Operating Margin
160 44%
120
42%
91 91 95
85
12
80
20 26 36
57 40%
40 57 57
57
22
8 8
0 2 38%
2012 2013 2014E 2015E
Tier 1 Tier 2 Tier 3 Operating Margin
19
SEVENTY SEVEN ENERGY
NOMAC RIG FLEET COMPARED TO PEERS
Working to upgrade fleet to meet CHK and other third party long term drilling needs
Currently, 90% of our Tier 1 rigs and 58% of our Tier 2 rigs are multi-well pad-ready and able to meet the robust demands of E&P customers focused on unconventional resource development
Additionally, fabricating 6 additional proprietary PeakeRigs™, which are expected to be delivered by Q4 2014 and another 10 rigs delivered by Q4 2015
US Rig Fleet Mix Q1 2014
83% 55% 48% 42% 38% 36% 22% 20% 10% 1%
49%
85%
34% 58%
31%
60%
47%
20% 50%
36% 44%
32% 33%
22%
16%
10% 11%
2% 5%
Tier 1 Tier 2 Tier 3
¹Source: RigData, includes stacked rigs not currently marketed
SEVENTY SEVEN ENERGY
20
Helm. & Payne Nabors Trinidad Precision Nomac 2015E Patterson-UTI Pioneer Nomac Cactus Unit
PERFORMANCE TECHNOLOGIES
(PTL)
SEVENTY SEVEN ENERGY
PTL AREAS OF OPERATION
Utica Shale
(2 spreads operating)
(1 spread projected)
Anadarko Basin
(2 spreads operating)
Barnett Shale
(1 spread operating)
Eagle Ford Shale
(4 spreads operating)
= Area of Operations
22
SEVENTY SEVEN ENERGY
OPERATIONS OVERVIEW
Provides high-pressure hydraulic fracturing services
As of June 1, 2014, owned nine hydraulic fracturing fleets with an aggregate of 360,000 horsepower and eight of these fleets were contracted by Chesapeake and one by a third party in the Anadarko Basin and the Eagle Ford, Barnett and Utica Shales
Equipment consists of high pressure rated, premium hydraulic fracturing equipment especially suited for unconventional resource plays
Average age of 24 months as of June 1, 2014, among the
newest in the industry
New 10th fleet of 40,000 HP by the fall of 2014
Potential to add more capacity / scale through acquisitions
North American Horsepower by Capacity
Horsepow er (000s)
HAL 3,100
SLB 2,300
BHI 2,000
FTS 1,650
WFT 1,100
TCW 1,100
CFW 850
NBR 825
RPC/Cudd 710
PTEN 600
SPN 500
San jel 425
PTL 360
BAS 325
C&J 306
PES 300
Bayou 275
Greenfield 275
Platinum 250
Canyon 226
Mission 155 Total: 19.1MM
Archer 150
Other 1,299
0 500 1,000 1,500 2,000 2,500 3,000 3,500
Source Spears & Associates
23
SEVENTY SEVEN ENERGY
HYDRAULIC FRACTURING SUPPLY CHAIN INTEGRATION
Possess and operate two strategically positioned sand storage and
Storage and Distribution trans load facilities, one in Oklahoma with storage capacity of 140
Facilities million pounds and one in south Texas with 80 million pound capacity
The South Texas facility is capable of multi unit train acceptance
Transloading Facilities which secures us more favorable rail rates and significantly
reduces the number of rail car leases required to manage
activity demand inventory
Executed a JV with a dedicated hydraulic fracturing sand carrier to
ensure adequate truck transportation services for hauling our
hydraulic fracturing sand from our regional distribution points to the
well site
Long term rail car leases procured for the bulk transportation of
Rail Cars hydraulic fracturing sand by rail from the mine origins to our regional
distribution hubs
Own mineral mining leases at multiple sand mining sites in Wisconsin
Sand Reserves and plan to self source a majority of our sand supply by 2016, helping
to mitigate future impact of sand price volatility
24
SEVENTY SEVEN ENERGY
GREAT PLAINS (GPOR)
SEVENTY SEVEN ENERGY
GPOR AREAS OF OPERATION
Utica Shale
Marcellus Shale
Niobrara Shale
Anadarko Basin Haynesville Shale
Permian Basin Barnett Shale
Eagle Ford Shale
= Area of Operations
26
SEVENTY SEVEN ENERGY
GPOR CURRENT AND POTENTIAL SERVICE LINES
SSE has established and is executing a plan to build out the GPOR organization to improve profitability and utilization
GPOR rental equipment utilization improved from 34% in Q4 2013 to 39% in Q1 2014
Great Plains Oilfield Rental
GPOR Water Solutions GPOR Equipment Rentals
and Service
Drilling Completion Production
Sourcing Drill Pipe and Assoc. Completion Tubing Production Tubing
Containment Containment
Storage Mud Tanks BOPs
Transfer Mud Pumps Frac Stacks
Filtration Air Drilling Flowback / Drill Out
Trucking Matting
Flowback
Chemicals Mud-Gas Separators Wireline/CT Support2 Artificial Lift4
Recycling Rotating Heads Thru Tubing Tools3 Workover Tools
Disposal BHA Components1
In the Process Current Potential
¹Non-magnetic drill collars, stabilizers, et al 2Wireline BOPs, lubricators, et al 3Tubing- and CT-conveyed completion implements 4Artificial lift could include ESP or rod-beam component
27
SEVENTY SEVEN ENERGY
CURRENT GPOR ASSET BASE AND SERVICES
GPOR provides premium rental tools and specialized
services for land-based oil and natural gas drilling,
completion and workover activities
Tool Rental
Downhole tubular products including high-torque,
premium-connection drill pipe, drill collars and
tubing
Surface rental equipment including blowout
preventers, frac tanks, mud tanks and
environmental containment
Services
Water transfer services offering lay-flat hose and
leveraging GPOR’s surface rental asset base
Air drilling services in the Marcellus and Utica
Flowback and pressure control in the Mid
Continent and Eagle Ford
GPOR Rental Utilization & Service Activity Q1 2014
Drill Pipe 38%
Mud Tanks 55%
Containment 36%
Tubing 14%
Frak Tanks 37%
Water Transfer (Avg Jobs/Month) 42
GPOR Tanks
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SEVENTY SEVEN ENERGY
OILFIELD TRUCKING
SEVENTY SEVEN ENERGY
OUR AREAS OF OPERATION
Utica Shale
Marcellus Shale
Anadarko Basin
Haynesville Shale
Permian Basin Barnett
Eagle Ford Shale
= Area of Operations
30
SEVENTY SEVEN ENERGY
CURRENT ASSETS
OTS Water Truck
OTS provides water transport and disposal
services
As of June 1, 2014, owned a fleet of 145
water transport trucks that transport water
to and from wells in the Anadarko Basin and
Hodges Trucking
the Eagle Ford, Marcellus and Utica Shales
Hodges provides drilling rig relocation and
logistics services for over 80 years
As of June 1, 2014, owned a fleet of 260 rig Hodges Trucking
relocation trucks and 67 cranes and forklifts Hodges Crane
Oilfield Trucking Assets Number of Units
Transportation Trucks 195
Water Hauling Trucks 145
Crane & Forklift 67
Rig Up 65
31
SEVENTY SEVEN ENERGY
FINANCIAL REVIEW AND BUSINESS
OUTLOOK
SEVENTY SEVEN ENERGY
PRO FORMA SSE CORPORATE STRUCTURE AND CAPITALIZATION
Capitalization Corporate Structure
March 31, 2014
Historical As Adjusted
$MM SSE Shareholders
Cash and cash equivalents $3 $31
Long-term debt
2019 Senior Secured Notes $650 $650 Seventy Seven
Energy Inc. (HoldCo)
Existing Credit Facility $464 —
New Credit Facility — $0
New Term Loan — $400 Seventy Seven
Operating LLC
New Senior Notes — $500
Total Debt $1,114 $1,550
Total Debt / LTM
Adjusted EBITDA (x) Subsidiaries
Liquidity2 $39 $306
Note: $mm
“Adjusted EBITDA” is a non-GAAP financial measure that we define as net income before interest expense, income tax expense, depreciation and amortization, as further adjusted to add back impairments and gain or loss on sale of property and equipment; LTM Adjusted EBITDA of $424MM net of rig rental cost of $63MM (EBITDAR) and lease termination cost of $31MM
2Liquidiy represents cash and cash equivalents plus availability under credit facility ($500MM existing credit facility, $275MM new credit facility)
33
SEVENTY SEVEN ENERGY
HISTORICAL BUSINESS PERFORMANCE
Financials Overview 1Q 2014 and
$MM 2012 2013 1Q 2014 2Q 2014E Annualized 2Q 2014E1
Revenue $915 $741 $180
Drilling
Adj. EBITDA2 $221 $180 $53
Revenue $415 $898 $202
Hydraulic Fracturing
Adj. EBITDA2 $109 $137 $20
Revenue $234 $160 $36
Oilfield Rentals
Adj. EBITDA2 $93 $56 $9
Revenue $226 $244 $56
Oilfield Trucking
Adj. EBITDA2 $48 $29 $1
Revenue $129 $145 $36
Other Operations
Adj. EBITDA2 ($7) ($10) ($3)
Total Revenue $1,920 $2,188 $510 $475-$495 $1,900-$2,000
Total Adjusted EBITDA2 $464 $391 $79
% Margin (%) 24% 18% 15% Low to Mid 20% Low to Mid 20%
Rig Rental Expense $101 $77 $9
Adjusted EBITDAR $565 $468 $88
% Margin (%) 29% 21% 17% Low to Mid 20% Low to Mid 20%
Total Capex Expense3 $623 $350 $120 $120-$140
¹ Based on 1Q 2014 actuals and 2Q 2014E annualized for the remaining three quarters of the year
2 “Adjusted EBITDA” is a non-GAAP financial measure that we define as net income before interest expense, income tax expense, depreciation and amortization, as further adjusted to add back impairments and gain or loss on sale of property and equipment. Also excludes rig rental expenses and lease termination cost.
Lease termination cost was approximately $8MM in Q1 2014, $22MM in 2013 and $25MM in 2012
3 Represents growth and maintenance capex
34
SEVENTY SEVEN ENERGY
OUTLOOK AND OPERATING ASSUMPTIONS
Outlook for 2014-2015 Operating Assumptions 2013 2014 2015
Nomac and Services
Rig day rates to trend Average Active Rigs 76.3 83- 85 94 - 95
upwards 2% to 5%, Revenue per Operating Day ($k) $23.9 $23 - $24 $24 -$25
primarily due to Newbuild Rigs Placed into Service 0 6 10
Directional Job Days 4,897 5,000 - 5,200 5,700 - 5,900
improving fleet blend
PTL
Frac stage pricing to Average Active Spreads 8.4 9.0 - 10.0 10.0
remain flat through Average Stage Price $126.0 $110.0 - $115.0 $110.0 - $115.0
2015 Additional Spreads Placed into Service 2 1 0
Total Stages Completed 7,124 7,500 -8,000 8,250 - 8,750
Rentals utilization to
trend towards long term GPOR
goal of 60% to 70% Rental Utilization (%)¹ 44% 45%-50% 55%-60%
Hodges and OTS
Average Operating Units (Trucks, Cranes, Forklifts) 349 320-340 320 -340
Water Units 148 150-160 150 -160
¹Includes: drill pipe, mud tanks, containment, tubing, and frac tanks
35
SEVENTY SEVEN ENERGY
APPENDIX
SEVENTY SEVEN ENERGY
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDAR
Reconciliation of Adjusted EBITDAR
$MM 2012 2013 Q1 2013 Q1 2014 Q1 2014 LTM
Net Income $70 ($20) $14 ($19) ($53)
Interest Expense $54 $57 $14 $15 $58
Income tax expense (benefit) $47 ($8) $10 ($11) ($29)
Depreciation and amortization $231 $290 $70 $73 $292
Impairments $36 $52 $0 $11 $64
Losses (gains) on sales of property and equipment $2 ($3) $0 $1 ($2)
Lease termination costs $25 $22 $0 $8 $31
Adjusted EBITDA $464 $391 $109 $79 $361
Rig Rents $101 $77 $23 $9 $63
Adjusted EBITDAR $565 $468 $132 $88 $424
Note: pro forma for the removal of Compass Manufacturing, L.L.C., Geosteering (currently at Nomac Services, L.L.C.) and OTS Crude Hauling from existing business lines
37
SEVENTY SEVEN ENERGY
SEVENTY SEVEN ENERGY
