Investor Presentaiton
Improvements in Operator Efficiencies Beneficial to
Cactus
U.S. Drilling Days Per 1,000 Lateral Ft.
U.S. Well Completions Utilizing Zipper Fracs
Days
7
6.4
5.9
6
5
4
3
2
1
5.2
4.4
Pct
90%
80%
3.6
3.5
3.3
3.3
70%
2.9
60%
56%
0
50%
2011
2012 2013 2014
2015 2016
2017
2018
2019
Source: Credit Suisse Research.
Faster drilling times translates into more wells drilled
per rig
■More wells per rig drives more wellhead equipment
demand per drilling rig in operation
61%
69%
79%
76%
2017
2018
2019
2020E
2021E
Source: Raymond James, DrillingInfo.
■ Cactus' rental equipment is tailored toward more
advanced completion techniques & difficult well conditions
■Larger pad sizes and zipper fracs drive more demand for
Cactus' rental equipment
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