Safety, Mobility, and Power Density The Case for a 2-Rig Strategy DUG Permian-Fort Worth, TX USA Mike Dynan, VP Portfolio and Strategy April 4, 2017

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1 , Mobility, and Power Density The Case for a 2-Rig DUG Permian-Fort Worth, TX USA Mike Dynan, VP Portfolio and April 4, 2017

2 We all have seen the headlines The Slow Road Back: Oil & Gas Industry Outlook for 2017 Wall Street Keeps Faith in Oil Recovery The Region Leading the US Oil Recovery: Permian Basin Proving Resilient 2

equipment deliver better value in today s continued challenging environment?

3 Control, & However, costs remain top concern Cost Reductions help US Shale Industry Pass First Real Test Technology Remains Essential Growth Driver for Shale Plays The question Schramm always gets: How does your equipment deliver better value in today s continued challenging environment? It is not just new technology, it is the application of that technology Think different, think disruptive, drive out waste from every aspect of operations 3

4 Introduction SMALL is Founded in 1900, HQ in West Chester, Pennsylvania Markets served: Mining, Water Development and Energy Over 2000 drilling rigs delivered and commissioned Equipment operating in 50+ countries Core competencies We are machine builders Control Systems, Hydraulics, Structures 4

Drilling in cycle time sweet spot = reduced cost for total wellbore delivery Traditional: Horsepower

5 SMALL is Above the ground SMALL leads to big savings Mobility: over the road loads & maneuverable Ease of setup: no cranes; one shift Walking systems: ideal for pad drilling Below the ground Drilling in cycle time sweet spot = reduced cost for total wellbore delivery Traditional: Horsepower vs. Applied Technology: Power Density Speed in the right places; performance without comprising the wellbore 5

Power density and light weight hydraulics in the next generation

custom code Real time data feedback: Parameter driven functions

Transcending the feel of drilling with real time data

operations safer The Loadsafe product takes human error out of

Less workers wrangling pipe equals fewer opportunities for

6 Power density and light weight hydraulics in the next generation of rigs Digital control over mechanical devices using Schramm s custom code Real time data feedback: Parameter driven functions for each wellbore Torque, speed, position, load handling Transcending the feel of drilling with real time data Intermediate section capability Schramm designs have made rig operations safer The Loadsafe product takes human error out of the pipe handling process. Less workers wrangling pipe equals fewer opportunities for injury Rowdy Bragg, Liberty Consultants After 2 years accident free, a Schramm operator received a significant insurance reduction! 6

Application of the Fit for Purpose Rig Different sections of well bore development can utilize different equipment Proven in multiple basins Case 1: Appalachia Case 2: Bakken Case 3: Permian Bottom

7 Application of the Fit for Purpose Rig Different sections of well bore development can utilize different equipment Proven in multiple basins Case 1: Appalachia Case 2: Bakken Case 3: Permian Bottom Line Day rate spread between a Schramm and a Tier 1 Conventional Rig Concurrent operation of Schramm rig & setup of conventional allows drilling to start sooner Reduced number of drilling days (speed) to complete surface & intermediate sections 7

Hands free pipe handling Power density providing similar results as complex AC electric systems

8 Precision and Control Connectivity and Excelling in a new commodity price environment requires cost savings and productivity which come down to the, Speed and Simplicity of a : Smaller crews Hands free pipe handling Power density providing similar results as complex AC electric systems Fit for purpose rig selection With over 117 years of experience, Schramm continues to innovate 8

9 Thank you for your time! Please visit us today in booth 412

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