Investor Presentaiton
Market Leader with Strong Market Share Growth
Historical U.S. Onshore Market Share(1)
Cactus Rigs Followed
Market Share (1)
179
14.4%
14.5%
158
119
100
9.8%
75
8.9%
7.0%
47
5.9%
4.3%
15
2.5%
0.8%
119
99
17.5%
68
G
32.7%
30.9%
29.3%
28.2%
27.0%
26.6%
295
24.4%
275
276
21.5%
245
220
129
240
22
87
U.S.
Onshore
Rigs
Dec-11 Jun-12 Dec-12 Jun-13 Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18
Jun-19 Dec-19 Jun-20
1
1,931
1,899 1,729 1,694 1,703 1,780 1,820 825
684
388
601
902
909 1,035 1,045
941
777
266
2015-2016 Downturn Was Source of Significant Market Share Gains
Source: Baker Hughes Rig Count Data, as published on the Friday on or immediately preceding the 15th day of each month presented, and Cactus analysis.
1)
Represents the number of active U.S. onshore rigs Cactus followed divided by the total number of active U.S. onshore rigs, as of mid-month. The number of active U.S. onshore rigs Cactus followed represents the approximate number of active U.S. onshore drilling
rigs to which Cactus was the primary provider of wellhead products and corresponding services during drilling, as of mid-month. Cactus believes that comparing the total number of active U.S. onshore rigs to which it is providing its products and services at a given
time to the total number of active U.S. onshore rigs on or about such time provides Cactus with a reasonable approximation of its market share with respect to its wellhead products sold and the corresponding services it provides.
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